Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

FACEBOOK INC

(FB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Facebook : Exclusive-Snap Inc hires first global head of platform safety

09/15/2021 | 01:19am EDT
FILE PHOTO: Snapchat app is seen on a smartphone in this illustration

(Reuters) - Snapchat's owner has hired a longtime online safety advocate as its first global head of platform safety, Snap Inc told Reuters on Wednesday, as the company continues to ramp up efforts around user safety and as social media firms face mounting global pressure from regulators and lawmakers.

Snap said that after a long search it hired Jacqueline Beauchere, who will represent its safety work to regulators, lawmakers and partners and help advise on new policies and initiatives.

Beauchere was at Microsoft Corp for more than 20 years including as its chief online safety officer.

Child safety advocates and U.S. lawmakers have raised alarms on a wide range of issues faced by users of online platforms including mental health impacts and potential abuses from bullying to child sexual exploitation.

"We are committed to helping parents, stakeholders and advocates understand how young people experience our products and how we approach critical issues around safety and trust," Snap's vice president of global policy Jen Stout said in a statement.

"There is no one better suited to help us accomplish this than Jacqueline, and this work will only become more important as we deepen our focus into augmented reality and the future of computing," she said. Beauchere will report to Stout.

Major tech firms are racing to develop smart devices and augmented reality offerings. These raise new challenges around safety and privacy, for example, how such products might invade other people's private spaces or how companies handle information gathered through these devices.

Snap this year launched Augmented Reality (AR) glasses, though they are offered only to AR creators. Facebook Inc last week unveiled its first smart glasses.

Though Snap's focus on photo-messaging provides fewer mechanisms for viral content than other social media sites, it faces pressures to handle safety issues for a young user base. The platform is also used by children aged 9-12 despite age limit rules, according to a report by nonprofit Thorn in May. (https://bit.ly/3tKzsWX)

Stout said in an interview with Reuters that Snap is developing more proactive technologies to prevent under 13s from signing up for the app. She said it is also revamping its in-app reporting tools to give users more detailed updates when they report platform abuses. Snap also said it would add more safety features to its Snap Map, which lets users share their location with friends.

Online platforms' approaches to young users have been under scrutiny from U.S. lawmakers, who have criticized Facebook's Instagram over plans to build a kids-focused app. This week, a Wall Street Journal report highlighted Instagram's internal findings on the app's negative effects on young users' wellbeing.

(Reporting by Elizabeth Culliford in London; Editing by Kenneth Li and David Gregorio)

By Elizabeth Culliford


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK INC -0.23% 373.06 Delayed Quote.36.57%
MICROSOFT CORPORATION 0.13% 305.22 Delayed Quote.37.05%
All news about FACEBOOK INC
02:55pFacebook cracks down on German anti-COVID restrictions group over 'social har..
RE
02:35pExclusive-Facebook cracks down on harmful real networks, using playbook again..
RE
02:12pFACEBOOK : Removing New Types of Harmful Networks
PU
02:00pFacebook removes network of accounts linked to german anti-covid lockdown "qu..
RE
02:00pFacebook says it will take down networks of real user accounts involved in 'c..
RE
12:01pFACEBOOK : Commits $2 Million Donation to McBride Sisters Collection's SHE CAN F..
PR
12:00pFACEBOOK : rolls out new messaging, business tools for brands
RE
11:46aRussia ramps up pressure on foreign tech firms on eve of election
RE
10:16aFACEBOOK TO TAKE AGGRESSIVE APPROACH : Reuters
MT
10:03aFacebook says it will take more aggressive approach to shut down networks of ..
RE
More news
Analyst Recommendations on FACEBOOK INC
More recommendations
Financials (USD)
Sales 2021 120 B - -
Net income 2021 40 634 M - -
Net cash 2021 79 290 M - -
P/E ratio 2021 26,4x
Yield 2021 -
Capitalization 1 054 B 1 054 B -
EV / Sales 2021 8,16x
EV / Sales 2022 6,63x
Nbr of Employees 63 404
Free-Float 84,0%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 373,92 $
Average target price 415,96 $
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
Sector and Competitors
1st jan.Capi. (M$)
FACEBOOK INC36.89%1 054 247
KUAISHOU TECHNOLOGY0.00%49 969
TWITTER, INC.14.20%49 243
MATCH GROUP, INC.5.09%43 982
BUMBLE INC.0.00%6 523
NEW WORK SE-17.14%1 541