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 : Race Data Measurement and Meta's Commitment to Fair and Inclusive Products

11/18/2021 | 02:13pm EST
  • We are heeding calls to better measure whether people's experiences with our technology differ across race.
  • We have been meeting with the civil rights community, privacy experts, academics, regulators and other organizations to determine the best way to assess how people of different races experience our products.
  • We're sharing details about technical methods and overall principles we're using to approach this work responsibly.

The intersection of technology and civil rights is an emerging space that requires further attention from the entire industry, especially given the perceived rise of digital discrimination and bias. As questions have been raised about technology's potential effects on members of marginalized communities, we've heard the calls for more research.

Today, I want to explain more about our approach to understanding how people from marginalized communities experience Meta technologies. Some people have said that their opportunities are limited or that they're having a different experience than others, but we don't have the data to fully understand what may be happening and why. We can't address what we can't measure, so establishing a more accurate measurement framework is vital to create more inclusive products, policies and operations across the company.

To do this right, we can't work alone. We're consulting with the civil rights community, privacy experts, academics, regulators and other organizations on the best way to measure these potential differences in people's experiences. As we've explored options for measurement, experts reaffirmed that any work we do must take into account privacy, security and transparency.

To start, we plan to introduce a framework for studying our platforms and identifying opportunities to increase fairness when it comes to race in the United States. We have explored using aggregate US Census and ZIP code data, which is an accepted way of measuring demographics in the US. However, this approach has some limitations. To that end, we plan to augment that approach with two methodologies that will produce more accurate insights. We will do this in a way that allows important measurement while honoring people's privacy:

  • Bayesian Improved Surname Geocoding: For this methodology, we're exploring a widely used method to estimate and aggregate racial distribution based on ZIP code and surname, informed by publicly available US Census statistics. With the privacy enhancements we've added, this method will help us analyze the data using aggregate results.
  • Off-platform surveys using secure multiparty computation: This methodology is still under development and will use innovative, privacy-enhancing technologies to help us learn potential differences in people's experiences in the US. In collaboration with partner institutions, we will conduct an opt-in off-platform survey and run measurements while employing privacy-preserving methods.

Learn more about these methodologies in our technical paper. While this work will initially focus on race in the US, it will help us lay the groundwork for how to address concerns from other marginalized communities here and around the world, consistent with our corporate human rights policy.

I joined the company at the beginning of the year to establish a new civil rights organization as part of our commitment following an independent audit of our policies and practices. As civil rights expert Laura Murphy stated in the audit, Meta has a "responsibility to ensure that the algorithms and machine learning models that can have important impacts on billions of people do not have unfair or adverse consequences." We know that this journey will not be easy, however, we remain committed to this work, doing it thoughtfully, and being transparent about our efforts.

Disclaimer

Meta Platforms Inc. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 19:12:07 UTC.


ę Publicnow 2021
All news about FACEBOOK INC
10:23aUber to allow users to book rides via WhatsApp in India
RE
09:48aMetaverse won't be turning point in cryptocurrency adoption, investor Chesnais says
RE
09:11aFACEBOOK : Expanding Facebook Protect To More Countries
PU
09:05aSoftBank and celebrities back funding for faith-based app
RE
07:11aFACEBOOK : Strengthening Our Efforts Against the Spread of Non-Consensual Intimate Images
PU
06:49aWallstreetbets Stocks Mostly Higher Pre-Bell Thursday, Apple Shares Decline on Demand W..
MT
06:24aFacebook Could Face Lawsuit Over Privacy Violations
MT
04:44aFacebook could be sued by consumer groups, EU court adviser says
RE
12/01Exclusive-Trump's social media venture seeks $1 billion raise -sources
RE
12/01Instagram head to testify before U.S. Senate panel on 'protecting kids online'
RE
More news
Analyst Recommendations on FACEBOOK INC
More recommendations
Financials (USD)
Sales 2021 118 B - -
Net income 2021 39 899 M - -
Net cash 2021 67 499 M - -
P/E ratio 2021 22,3x
Yield 2021 -
Capitalization 864 B 864 B -
EV / Sales 2021 6,77x
EV / Sales 2022 5,61x
Nbr of Employees 68 177
Free-Float 84,5%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 310,60 $
Average target price 403,89 $
Spread / Average Target 30,0%
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 INC13.71%864 015
KUAISHOU TECHNOLOGY0.00%47 030
MATCH GROUP, INC.-15.68%36 088
TWITTER, INC.-20.92%34 176
BUMBLE INC.0.00%4 146
GREE, INC.62.98%1 679