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Facebook To Prioritize “Trustworthy” News

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(Via Zerohedge)

In a move that is set to infuriate news organizations that are not deemed “trustworthy”, Facebook is set to introduce “sweeping changes” to its newsfeed as early as next week, prioritizing trustworthy sites and removing “clickbait” and low quality news publishers, while promoting posts from friends and family, the WSJ reports.


Under its new approach, Facebook would evaluate parameters such as public polling about news outlets, and whether readers are willing to pay for news from particular publishers. Such variables would inform its algorithm that determines which publishers’ posts are pushed higher in the feed, one of the people said.


It is not known how Facebook will decide which publications are deemed trustworthy.


The move would thrust Facebook into an even more active role in deciding what content is acceptable on its site, in other words censoring content it deems inappropriate while promoting news outlets that are ideologically aligned with the organization.
Ironically, the newsfeed overhaul is also said to be “an attempt to encourage more sharing and personal connecting, amid a backlash with many people worrying about social media sucking up time and damaging users’ mental health” according to the FT.


In reality, it will only succeed in further alienating an already deeply polarized American population.


Yet while it remains to be seen what impact on Facebook, or Zuckerberg’s 2020 presidential ambitions, this latest foray into censorship has, the biggest losers are clear.


Last year, the company tested separating friends and family posts from those posted by businesses and publishers. It created a tab called “Explore” for those other posts in six countries including Sri Lanka, Slovakia and Cambodia. What happened next? Publishers in those countries complained that traffic fell dramatically.


At the time, Adam Mosseri, head of newsfeed, said Facebook currently had no plans to roll this test out further in other countries and said it was unfortunate that some had “mistakenly made that interpretation.” It now appears that this “test” is about to applied to everyone.


While the WSJ writes that Facebook hasn’t decided whether to proceed with the shift, and it may choose not to do so, the FT disagrees and reports that the world’s largest social network will unveil the change imminently, according to people briefed on the plans, hoping to differentiate between salacious content and quality news. “Zuckerberg has finally realized that not all news is equal,” said one publisher – clearly on the promoted sight of “equal” – briefed on the plans.


While Facebook will try to make the newsfeed a place for personal sharing and in-depth discussions – similar to Snapchat – and move other content from pages and publishers to a separate space within the app, the move is widely expected to infuriate news organizations which are not deemed trustworthy or high quality by the site.


Meanwhile, the change to the algorithm is sure to have a dramatic impact – whether positive or negative – on the revenue of virtually all news organization who now rely almost exclusively on facebook for inbound traffic referral.


Publishers have become increasingly reliant on Facebook as more and more news is consumed on the app. They may see traffic drop if they are moved to an area of the app which users end up not visiting.


Why now? The dramatic change comes after Mark Zuckerberg set a goal for the year to focus on fixing the important issues about Facebook’s role in the world.

“Facebook has a lot of work to do — whether it’s protecting our community from abuse and hate, defending against interference by nation states, or making sure that time spent on Facebook is time well spent,” he wrote in a post on Facebook.

While the transformation is seen as an attempt to increase trust in the social app, which has suffered from a reputation for fake news since the 2016 US presidential election, it will likely backfire: in December, FaceBook ditched its first attempt at soft censorship when it removed its “fake news flag” when it found that people shared the flagged articles even more.

Ironically, the newsfeed overhaul is also said to be “an attempt to encourage more sharing and personal connecting, amid a backlash with many people worrying about social media sucking up time and damaging users’ mental health” according to the FT.


In reality, it will only succeed in further alienating an already deeply polarized American population.


Yet while it remains to be seen what impact on Facebook, or Zuckerberg’s 2020 presidential ambitions, this latest foray into censorship has, the biggest losers are clear.

Last year, the company tested separating friends and family posts from those posted by businesses and publishers. It created a tab called “Explore” for those other posts in six countries including Sri Lanka, Slovakia and Cambodia. What happened next? Publishers in those countries complained that traffic fell dramatically.

At the time, Adam Mosseri, head of newsfeed, said Facebook currently had no plans to roll this test out further in other countries and said it was unfortunate that some had “mistakenly made that interpretation.” It now appears that this “test” is about to applied to everyone.

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Business

MAGA: From Shopping Mall to Manufacturing Hub 2.0

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Title: America’s Transition: From Shopping Mall to Manufacturing Hub 2.0

In the past few decades, America has often been described metaphorically as a giant shopping mall or auction house, where consumption and commercialism have dominated the landscape. However, with the rise of the Trump administration and the ambition to “Make America Great Again,” a new vision is emerging—one that aims to transform the nation into the world’s greatest manufacturing hub ever seen, leveraging AI, blue-collar labor, and a combination of innovative technologies.

The shift from a consumer-driven economy to a production powerhouse signifies a strategic move towards self-sufficiency, economic resilience, and global competitiveness. This transformation is not merely about revitalizing industries of the past but embracing cutting-edge technologies and sustainable practices to redefine the future of manufacturing.

At the heart of this evolution lies the integration of artificial intelligence (AI) into manufacturing processes. AI-driven automation streamlines production, enhances efficiency, and reduces costs, enabling American manufacturers to compete on a global scale. By harnessing the power of machine learning and predictive analytics, businesses can optimize supply chains, minimize waste, and customize products to meet diverse consumer demands.

However, the vision for America’s manufacturing renaissance extends beyond technological innovation. It embraces a diverse workforce, blending the traditional blue-collar skillset with the expertise of engineers, data scientists, and software developers. This fusion of talent creates a dynamic ecosystem where creativity, problem-solving, and collaboration drive continuous improvement and sustainable growth.

Moreover, the resurgence of American manufacturing is not confined to a single sector but encompasses a broad spectrum of industries, from automotive and aerospace to electronics and renewable energy. By leveraging cross-disciplinary expertise and fostering strategic partnerships, the United States can position itself as a global leader in advanced manufacturing, setting new standards for quality, innovation, and sustainability.

One of the key strengths of this manufacturing transformation is its adaptability and resilience. In contrast to the volatility of global markets and supply chains, a robust domestic manufacturing base provides stability and security, mitigating risks associated with geopolitical tensions, trade disputes, and natural disasters. By decentralizing production and embracing local sourcing, America can reduce its dependence on foreign imports and safeguard its economic sovereignty.

Furthermore, the transition towards a manufacturing-centric economy aligns with broader societal goals, such as job creation, workforce development, and regional revitalization. By investing in vocational training programs, apprenticeships, and re-skilling initiatives, the United States can empower individuals from diverse backgrounds to thrive in the digital age and secure meaningful employment opportunities in the manufacturing sector.

As America embarks on this journey towards manufacturing excellence, it must also prioritize sustainability and environmental stewardship. By embracing eco-friendly practices, renewable energy sources, and circular economy principles, manufacturers can minimize their carbon footprint, reduce waste generation, and preserve natural resources for future generations.

In essence, the vision of America as the world’s greatest manufacturing hub represents a paradigm shift—one that transcends partisan politics and embraces a collective aspiration for progress, prosperity, and shared prosperity. By harnessing the transformative power of AI, blue-collar ingenuity, and interdisciplinary collaboration, the United States can reclaim its status as an industrial powerhouse and pioneer a new era of manufacturing innovation on the global stage.

As the nation embarks on this ambitious journey, it must remain steadfast in its commitment to inclusivity, sustainability, and technological leadership, ensuring that the benefits of the manufacturing renaissance are felt by all Americans and resonate across borders, shaping a brighter and more prosperous future for generations to come.

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Business

Outrage As Robinhood CEO Confesses To Elon Musk: DTCC Shut Down Stocks In Gamestop; AMC Surge

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Did Congressional authority allow DTCC to help defraud middle-class investors buying Gamestop and AMC?

The CEO of Robinhood admitted to Elon Musk that the DTCC – The Depository Trust & Clearing Corporation – halted trading during a call Monday morning on the Clubhouse app.

Proof: https://youtu.be/K2CEImKce6s

This is not the first time this has happened…

2008 case: https://casetext.com/case/pet-quarters-v-depository-trust-clearing

Sound familiar?

This appears to be Pet Quarters having the same issue Robinhood has today.  When Pet Quarters took it to court, the courts said something along the lines of: f*** you, don’t ever come back here (citing technicalities).

Why did they win? Well, DTCC is given the authority by Congress to regulate despite technically being a private organization

There’s more – “To date, except for one case where DTCC’s dismissal motion is pending, all of the cases either have been dismissed by the courts or withdrawn by the plaintiffs.”

Proof: https://boards.fool.com/federal-court-dismisses-lawsuit-against-dtcc-24179123.aspx

Every AG in the country should be made aware of these facts and open investigations into the matter.

Why does Congress get to deputise a private organization as eco-hitmen for the market?

UPDATE (2/3/20 5:09 AM):

(Reuters) – Robinhood Chief Executive Vlad Tenev is expected to testify before a U.S. House committee on Feb. 18, Politico reported on Monday, citing people familiar with the matter.

The hearing before the House Financial Services Committee has not been formally announced, the report added

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Culture

#AdiosAmerica: Republicans (with Democrats) Are Selling Out America to Corporations to Decrease Living Standards

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Since the turn of the 20th century, living standards became an important, almost central part to the progressive and labor movements of those times. Now it has become a mainstream of both parties to sell out your labor to lowest bidders in low and high paying jobs. Low paying jobs are being taken by low-wage immigrants protected by Democrats and the high-end jobs are brought in by bi-partisan means, and greatly boasted by Republicans.

This effort has crippled the middle-class for close to 30 years now and with the job market being already tightened by the looming threat of A.I., importing more workers, whether legal or illegal is decreasing the value of labor in America for each and American Citizen. Corporations and Businesses, who rely on keeping employee costs as low as possible generally don’t complain about these practices across the board, why would they?

Americans have an increasingly difficult task ahead of them with the mass illegal migration at the Southern Border but also the legal importation of immigrants through H1-b1 Visas. These challenges will increasingly change the look, heritage of this country. There is no incentive for either Government or Business to care about reigning in immigration to the benefit of the American worker, the bottom dollar line will look better anyways.

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