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Sources: Zuckerberg told staff Facebook won't change policies because of “threat to a small percent of our revenue”, expects advertisers to return “soon enough”

Facebook CEO Mark Zuckerberg told employees he was reluctant to bow to the threats of a growing ad boycott …

The Information Alex Heath

Discussion

  • @alexeheath Alex Heath on x
    Mark Zuckerberg recently told Facebook employees he expects boycotting advertisers to “be back on the platform soon enough,” and that he won't change policies “because of a threat to a small percent of our revenue, or to any percent of our revenue.” https://thein.fo/...
  • @amir Amir Efrati on x
    .@alexeheath got a transcript of Zuckerberg's internal comments about the advertiser boycott. He said a lot, including the below. Full transcript here: https://www.theinformation.com/ ... https://twitter.com/...
  • @markdistef Mark Di Stefano on x
    Mark Zuckerberg's first comments on the widening advertising boycott of Facebook: “My guess is that all these advertisers will be back on the platform soon enough” — exclusive by @alexeheath https://www.theinformation.com/ ...
  • @libshipwreck Librarianshipwreck on x
    For a time, many argued that Facebook deserved to be given the benefit of the doubt, that Zuckerberg was figuring things out. Such arguments were always foolish, but their optimism was understandable. But when FB shows you what it really is, believe it: https://www.theinformation…
  • @lauramandaro Laura Mandaro on x
    Scoop: After the publicly broadcast part of Facebook's town hall meeting Friday, Mark Zuckerberg talked to staff privately about the growing advertiser boycott. The remarks were far more defiant than the company's recent public messaging https://thein.fo/... via @alexeheath https…
  • @dseetharaman Deepa Seetharaman on x
    “If someone goes out there & threatens you to do something, that actually kind of puts you in a box where in some ways it's even harder to do what they want because now it looks like you're capitulating, & that sets up bad long-term incentives for others to do that” https://twitt…
  • @willoremus Will Oremus on x
    Purely from an antitrust standpoint, it seems notable that Facebook is this confident that its customers have zero leverage and no alternative but to keep buying its ads. https://twitter.com/...
  • @act4prog @act4prog on x
    .@Facebook has refused to #StopHateForProfit. Now we're hitting them where it hurts: ad revenue. 99% of Facebook's profits come from its advertisers. Call on more advertisers to join the boycott now! https://www.theinformation.com/ ...
  • @moonalice Roger McNamee on x
    Zuck tells employees “advertisers will be back soon enough.” He correctly points out that the risk of #StopHateForProfit is reputational. Does he realize the brand damage could be catastrophic? Learn more StopHateForProfit(dot)org https://www.theinformation.com/ ...
  • @migueldeicaza Miguel de Icaza on x
    The Hatebook CEO has principles: https://twitter.com/...
  • @tupp_ed Simon McGarr on x
    Facebook CEO taking departures by advertisers well. https://twitter.com/... https://twitter.com/...
  • @johnthornhillft John Thornhill on x
    Fighting talk from Mark Zuckerberg in comments to Facebook staff - as reported by @theinformation - We're not gonna change our policies - Advertisers will be back https://www.theinformation.com/ ... https://twitter.com/...
  • @jason_kint Jason Kint on x
    even if journalists go to prison.... even if it causes genocide in Myanmar.... even if the U.S. President causes people to get killed... he won't change policies... he connects people which is de facto good. and makes serious coin for doing it. https://twitter.com/... https://twi…
  • @natematias J. Nathan Matias on x
    Social science on boycotts has found that direct financial impacts don't tend to drive boycott effectiveness. What does? Media coverage, which impacts CEO reputation & stock prices, according to research by @braydenk https://twitter.com/...
  • @slpng_giants @slpng_giants on x
    Imagine protecting your right to amplify hate speech at any cost. Truly galling. #StopHateForProfit https://twitter.com/...
  • @johnbattelle John Battelle on x
    Entirely in character. Actually nothing about this is surprising. https://www.theinformation.com/ ...
  • @citnaj Jason Antic on x
    “he won't change policies”. Are you getting it Facebook employees? Zuck does not give a fuck. So as long as you lend your talents to him, you're helping build the platform that radicalizes the world for profit. If you have a conscience- leave. https://twitter.com/...
  • Vox Shirin Ghaffary on x
    Facebook nears a tipping point when it comes to moderating hate speech
  • @nick_clegg Nick Clegg on x
    Facebook does not benefit from hate. My latest thoughts on how Facebook is getting better at removing hate speech. https://about.fb.com/...
  • @rmac18 @rmac18 on x
    Today, Facebook Comms VP Nick Clegg writes that “Facebook does not profit from hate.” https://about.fb.com/... That is just not true. Yesterday we reported the company has run ads promoting civil war and violence for months. See for yourself: https://www.buzzfeednews.com/ ... htt…
  • @carlquintanilla Carl Quintanilla on x
    Statement from CVS: “Actions speak louder than words...” $FB $TWTR $CVS https://twitter.com/...
  • @amahnke Aaron Mahnke on x
    Facebook benefits from having the largest user base possible to sell ads against. Allowing hateful, bigoted people and organizations to stay on your platform helps boost those user numbers. So yeah, you benefit from hate. https://twitter.com/...
  • @euanphilipps Euan Philipps on x
    “When we find hateful posts on Facebook and Instagram, we take a zero tolerance approach and remove them.” This is absolute nonsense, there is antisemitism all over these platforms. And the ‘secret’ or ‘private’ Facebook groups are even worse. https://about.fb.com/...
  • @instyle @instyle on x
    Meghan Markle and Prince Harry are reportedly supporting a boycott of Facebook advertising in an effort to end online hate speech. https://www.instyle.com/...
  • @jbenton Joshua Benton on x
    You see, Nick, some people *want* to see hateful content on Facebook, either because they don't consider it hateful or because they enjoy being hateful This is not difficult, my man https://twitter.com/...
  • @daniel_sugarman Daniel Sugarman on x
    Facebook has made it clear, on multiple occasions, that it will not be banning Holocaust denial. The response to numerous Jewish groups from Facebook has included the classic “we understand we won't agree on everything”. https://twitter.com/...
  • @zeynep Zeynep Tufekci on x
    This is.. a sad piece. Yes, the transition to a digital society is messy. I wrote a book about the many good things, while warning about business models, algorithmic amplification and censorship via info glut. But this? It's Upton Sinclair quote level sad. https://twitter.com/...…
  • @scientits Tits McGee on x
    Nick Clegg here, talking about words as if they're vampires. https://twitter.com/... https://twitter.com/...
  • @justinhendrix Justin Hendrix on x
    Apart from the ... money it makes from it.... this is probably true. https://about.fb.com/...
  • @jayrosen_nyu Jay Rosen on x
    The part in blue is a lie. Which isn't to say the rest is true, either. https://about.fb.com/... By Nick Clegg, Facebook's VP of Global Affairs and Communications. https://twitter.com/...
  • @paulbernaluk Paul Bernal on x
    Yes it does. And it benefits from allowing political manipulation too. And either you know it, or you don't know the company you're working for. https://twitter.com/...
  • @alexthomas Alex Thomas on x
    not only does Facebook benefit from hate, they benefit from a crumbling of democracy. https://twitter.com/...
  • @homelanddems @homelanddems on x
    Actions are louder than words. Good deeds don't mean much if they continue to allow Russians to persuade people to vote against their interests or brainwashes the electorate with lies. https://about.fb.com/...
  • @obrien Chris O'Brien on x
    What if Facebook can't be fixed? Most new policy proposals or content moderation programs or AI or government regulations are not likely to change the fundamentals: Facebook is the perfect delivery vehicle for disinformation, propaganda, and hate. https://venturebeat.com/...
  • @arrington Michael Arrington on x
    I'm guessing people can get some fantastic deals on facebook ads right now. https://www.reuters.com/...
  • @jason_kint Jason Kint on x
    Another success for Facebook by expanding the issue to Twitter despite Twitter acting proactively with decisive leadership. This is due to FB lobbying all last week and sharing some EU data focused narrowly a on % takedown metric. https://twitter.com/...
  • @mikeisaac Rat King on x
    i dont think anyone expected the FB ad boycott to take off with these huge ad buyers this quickly (least of all the organizers, some of whom we spoke with yesterday) https://twitter.com/...
  • @rmac18 @rmac18 on x
    Clegg frames hate on the platform as a minority of content and that finding it is like “looking for a needle in the haystack.” He touts FB's AI systems. It took us 30 mins in Facebook's ad library running basic search terms to uncover hateful ads. https://www.buzzfeednews.com/ ..…
  • @mr_mcfly @mr_mcfly on x
    Am I the only one seeing many moments where FB is deflecting rather than properly addressing how they profit from hate whether doing so actively or passively? #FBOpenLetter https://adage.com/...
  • @jesselehrich Jesse Lehrich on x
    - FACEBOOK: “Our algorithms exploit the human brain's attraction to divisiveness” - FACEBOOK: “64% of all extremist group joins are due to our recommendation tools” https://www.wsj.com/... https://twitter.com/...
  • @oliverdarcy Oliver Darcy on x
    Just a massive oversimplification to say that Facebook and other social platforms are but a mere “mirror” on society. https://twitter.com/...
  • @ericboehlert Eric Boehlert on x
    he's going w/ the dopey Facebook Just Holds Up a Mirror To Society argument https://twitter.com/...
  • @tonyromm Tony Romm on x
    yea that'll show 'em https://about.fb.com/...
  • @nxthompson @nxthompson on x
    This is surely true! Hate is very bad for Facebook. But the real question is: in what ways do the features that are good for FB (like Newsfeed algo, focus on groups, etc...) make hate more prominent and what are the tradeoffs in changing them. https://twitter.com/...
  • @b_fung Brian Fung on x
    In an open letter, Facebook says it “does not profit from hate” https://about.fb.com/... https://twitter.com/...
  • @thetimes @thetimes on x
    The Duke and Duchess of Sussex asked the organisers of an advertising boycott against Facebook “which brands they could help target” when they offered their support, a key figure behind the campaign has said. https://www.thetimes.co.uk/...
  • @jayrosen_nyu Jay Rosen on x
    This week has been about one weak point in the Facebook defenses: advertisers worried about their brands. But there's another one: the good opinion of its employees, especially engineering talent. I would keep my eye on that lever. https://twitter.com/...
  • @juddlegum Judd Legum on x
    Some companies that decided to join the advertising boycott against Facebook TODAY: @DennysDiner @Chobani @CloroxCo @adidas @Reebok @HP @Ford @BestBuy @pfizer @ClifBar
  • @mikeisaac Rat King on x
    The Facebook advertiser boycott continues, unabated, with hundreds of companies on board. The latest addition: Prince Harry and Meghan Markle, working the phones to convince CEOs to stop buying ads. (w @tiffkhsu) https://www.nytimes.com/...
  • @cnn @cnn on x
    Even as a steady drumbeat of companies join the pressure campaign over Facebook's handling of hate speech and misinformation, the vast majority of the social network's biggest advertisers — the ones with presumably the most leverage — have stayed quiet https://www.cnn.com/...
  • @ritholtz Barry Ritholtz on x
    Walmart, Wells Fargo, Uber, Netflix, Domino's, American Express. AT&T, among big brands that are still major Facebook advertisers (@slpng_giants has more work to do) https://www.cnn.com/...
  • @jamesrhine James Rhine on x
    CNN is running 1200 ads on Facebook right now https://twitter.com/... https://twitter.com/...
  • @jangles Neville Hobson on x
    For this #boycott to make any difference at all, it needs at least 20 of those top #advertisers to take a stand. Chances? https://twitter.com/...
  • @steveguest @steveguest on x
    This is not journalism. This is activism. https://twitter.com/...
  • @repjimbanks Jim Banks on x
    .@CNN needs to fire the progressive activists responsible for this story and hire journalists to replace them. https://twitter.com/... https://twitter.com/...
  • @chrisstrub @chrisstrub on x
    👀 “Even if all 100 of Facebook's biggest advertisers joined in (the boycott), they would account for just 6% of the company's annual ad revenue.” https://twitter.com/...
  • @kerrymflynn Kerry Flynn on x
    After reading this, my first thought: Where is Sheryl Sandberg? I get that this is a big deal and therefore important to have Mark be the face of it. I guess I'm just so used to the Sheryl speaking tours from previous scandals it's weird not seeing her https://www.cnn.com/...
  • @dylanbyers Dylan Byers on x
    https://twitter.com/...
  • @b_fung Brian Fung on x
    We looked at the 25 biggest advertisers on Facebook to see how many of them have formally joined #StopHateForProfit or said they've pulled Facebook ads. Only three have confirmed. https://www.cnn.com/...
  • @b_fung Brian Fung on x
    The others either gave non-committal responses, or did not respond to our requests for comment.
  • @kyurieff Kaya Yurieff on x
    Many top advertisers on Facebook are staying silent about the ad boycott. Of the 25 largest spenders on Facebook ads last year, only three companies are pausing ad spending. Others like Home Depot, Domino's & Walmart have said nothing. Story w/ @b_fung https://www.cnn.com/...