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META PLATFORMS, INC.

(META)
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Delayed Nasdaq  -  04:00 2022-09-23 pm EDT
140.41 USD   -1.69%
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Facebook whistleblower launches nonprofit to solve social media harms

09/22/2022 | 11:34am EDT
Woman holds smartphone with Facebook logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture

(Reuters) - Facebook whistleblower Frances Haugen is launching a nonprofit organization that will seek solutions to harms created by social media, she said on Thursday.

The former product manager at Facebook, since renamed Meta Platforms, made headlines last year after coming out as the source of thousands of leaked internal documents, which she said detailed the social media company's failures to protect teen girls on Instagram and clamp down on vaccine misinformation.

Facebook has consistently said it disagrees with Haugen's characterization.

Her nonprofit, Beyond the Screen, will create an open database to document ways that Big Tech companies are failing their "ethical obligations to society" and outline possible solutions, according to a press release.

It will partner with Project Liberty, an organization working to build a new operating protocol for social networking, and Common Sense Media, which advocates for safe media content for kids.

(Reporting by Sheila Dang in Dallas; Editing by Richard Chang)

By Sheila Dang


© Reuters 2022
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Analyst Recommendations on META PLATFORMS, INC.
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Financials (USD)
Sales 2022 118 B - -
Net income 2022 26 681 M - -
Net cash 2022 39 915 M - -
P/E ratio 2022 14,3x
Yield 2022 -
Capitalization 377 B 377 B -
EV / Sales 2022 2,86x
EV / Sales 2023 2,46x
Nbr of Employees 83 553
Free-Float 84,4%
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Technical analysis trends META PLATFORMS, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 55
Last Close Price 140,41 $
Average target price 222,69 $
Spread / Average Target 58,6%
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Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Atish Banerjea Chief Information Officer
Andrew Bosworth Chief Technology Officer
Rajeev Rajan Vice President & Head-Engineering
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