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Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, after its initial $130M contribution in 2019

Oversight Board :

Oversight Board

Discussion

  • @oversightboard @oversightboard on x
    We're delighted to announce that Meta has committed ongoing financial support for the Board, including a new $150 million contribution to the Oversight Board Trust to support our operations. 🧵
  • @fboversight @fboversight on x
    🔵 Today, Nick Clegg announced Facebook has renewed the @OversightBoard for another three years and committed $150 million to the board's activities. As we've said from the beginning, the Facebook-funded “oversight committee” is nothing more than a PR exercise for the company.
  • @jgo4justice @jgo4justice on x
    That's quite a paycheck. I still think the best way to hold the company accountable would be for this Board to admit that it's dysfunctional by design and resign. https://www.wired.com/... https://twitter.com/...
  • @markham Markham Nolan on x
    Am I right to say this is structured as a non-charitable purpose trust, treated as a grantor trust, so Meta can just write this $150m off against tax? Seems like a @jason_kint question. Reminder that this board is ‘separate’ from Meta, decisions non-binding. https://twitter.com/.…
  • @oliverdarcy Oliver Darcy on x
    “Today the Oversight Board Trust announced that Meta has made a commitment that provides for ongoing financial support for the Oversight Board. As part of that commitment, the company will make a $150 million contribution to the Trust.” https://oversightboard.com/...
  • @accountabletech @accountabletech on x
    Corporate PR stunt requires more funding to continue its important work of pretending to hold Meta accountable. https://twitter.com/...
  • @pedroaguerr Pedro Guerreiro on x
    @OversightBoard Can you spare a couple million to keep Crowdtangle alive?
  • @dunstanhope Dunstan Allison-Hope on x
    This is significant. The @OversightBoard is engaged in groundbreaking analysis on human rights-based approaches to content governance; they don't just impact Meta, but also influence how the whole field thinks about complex content moderation challenges. #bizhumanrights https://t…
  • @samfbiddle Sam Biddle on x
    very interesting that Facebook is giving $150 mil more to its Oversight Board, which reviews moderation decisions gone wrong, instead of better compensating its very very poorly paid and overworked moderators who make those decisions in the first place https://www.oversightboard.…
  • @natematias J. Nathan Matias on x
    The OB has many thought-leaders who establish its legitimacy in elite circles. Yet the Oversight Board has no representation from the workers whose labor & mental health the board indirectly commands. I would love to see content moderators demand a seat at that table.
  • @samfbiddle Sam Biddle on x
    I think effective and meaningful “moderation” of billions of people as a general undertaking is fundamentally flawed and doomed, but choosing to not better pay the people doing the actual work is a real indicator of companies priorities
  • @jason_kint Jason Kint on x
    Timely PR win for FB getting covered by @CNN @oliverdarcy @ReliableSources considering reporting by Reuters, Bloomberg, Guardian Zuckerberg and Sandberg to be deposed for first time in federal lawsuit around super sensitive issues Zuckerberg misled in a CNN exclusive in 2018. 👋🏽 …
  • @fboversight @fboversight on x
    Our message to the @OversightBoard members has also always been clear. Save your credibility: “Everyone On Facebook's Oversight Board Should Resign.” https://www.wired.com/...
  • @fboversight @fboversight on x
    The @OversightBoard has also received a hefty paycheck to be the front for Facebook's failures to protect democracy and human life. https://twitter.com/...
  • @fboversight @fboversight on x
    As we have demonstrated, as the counter to the “oversight committee,” the board has been “lied to by Facebook, misled, ignored and shown to be incapable of meaningfully shifting behavior within Facebook” https://rfob.medium.com/...
  • @natematias J. Nathan Matias on x
    The Oversight Board has received another $150 million dollars from Meta, in addition to the initial $130m that resulted in 118 recommendations and 25 decisions since 2019. That's over $900,000.00 per action, at least in the Oversight Board startup phase https://www.oversightboard…
  • @charlesarthur Charles Arthur on x
    Received $130m in 2019, now another $150m. How much does it cost to run the Oversight Board exactly? Or are they secretly building a nuclear submarine? https://twitter.com/...
  • @goldman Jason Goldman on x
    It's just a strange state of affairs. We're happy to announce the ongoing funding support from the organization we oversee. https://twitter.com/...
  • @viacristiano Cristiano Lima on x
    Oversight board gets an extension https://twitter.com/...
  • @nickclegg Nick Clegg on x
    Meta has approved a new three-year, $150 million commitment to fund the @OversightBoard and its operations. This money will go into the Oversight Board Trust, which enables the board to continue operating as a separate entity, independently from Meta. https://twitter.com/...
  • @jaredbkeller Jared Keller on x
    Cool now bring back CrowdTangle https://twitter.com/...
  • @shiringhaffary Shirin Ghaffary on x
    The Facebook Supreme Court lives on. Meta had already committed $130 mil in funding and they just committed another $150 mil https://twitter.com/...
  • @edzitron Ed Zitron on x
    How in the world does it cost this much to run https://twitter.com/...
  • @sarthakgh @sarthakgh on x
    They raised a 2021 Series B round https://twitter.com/...
  • @robleathern Rob Leathern on x
    Glad to see this https://twitter.com/...
  • @oversightboard @oversightboard on x
    Stephen Neal, Chairperson of the Trust, says this is “a vote of confidence in the work of the Board.” Read more here: https://oversightboard.com/...