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Rani Molla

Soon, you’ll be able to moderate Meta content in exchange for $0

Meta just released new details on its Community Notes program, “The new way for people on Facebook, Instagram and Threads to decide when to add more context to posts that are potentially misleading or confusing.”

Basically, beginning next week, if the spirit moves you more than financial compensation, you, the user, can take over from third-party fact-checkers, who previously moderated content for money. But instead of removing content, you’re adding to it.

“We expect Community Notes to be less biased than the third party fact checking program it replaces because it allows more people with more perspectives to add context to posts,” the company said in a blog post.

The move, which CEO Mark Zuckerberg announced in January, positions Zuckerberg and his Meta social media platforms closer to X and Elon Musk.

Indeed, Meta is using X’s open-source algorithm as the basis of its ratings system.

For now, Meta will be testing the program by allowing some of the 200,000 people on its waitlist to write notes on content. The company won’t publish the comments until after it tests the writing and ratings system, it said, and when they are published, won’t include names.

“We’re going to take time to do this right,” the site reads.

Approved adult contributors can’t add notes to advertisements but they can try and correct Meta executives, the company said.

“We expect Community Notes to be less biased than the third party fact checking program it replaces because it allows more people with more perspectives to add context to posts,” the company said in a blog post.

The move, which CEO Mark Zuckerberg announced in January, positions Zuckerberg and his Meta social media platforms closer to X and Elon Musk.

Indeed, Meta is using X’s open-source algorithm as the basis of its ratings system.

For now, Meta will be testing the program by allowing some of the 200,000 people on its waitlist to write notes on content. The company won’t publish the comments until after it tests the writing and ratings system, it said, and when they are published, won’t include names.

“We’re going to take time to do this right,” the site reads.

Approved adult contributors can’t add notes to advertisements but they can try and correct Meta executives, the company said.

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Apple Store in China

Apple reports Q4 earnings and revenue slightly above Wall Street estimates

The iPhone maker reported its FY 25 fourth-quarter earnings Thursday.

#10

Tesla just recalled its beleaguered Cybertruck for the 10th time since the vehicle was introduced two years ago. This time the company recalled about 6,000 of the “apocalypse-proof” vehicles due to what the National Highway Traffic Safety Administration says is an improperly installed “optional off-road light bar accessory” that could become disconnected from the windshield while driving, and could “create a road hazard for following motorists and increase their risk of a collision.”

CEO Elon Musk once said he could sell up to 500,000 of the stainless steel behemoths a year. In the first three quarters of this year, the company has sold only about 16,000.

tech

Analysts lower Meta price targets after social media giant says AI capex will keep climbing

Meta may have posted record revenue Wednesday but the stock is deeply in the red in the wake of its third-quarter earnings report, after the social media company said that its capital expenditure on AI would continue to rise.

The earnings prompted a number of analysts to lower their price targets or downgrade the stock.

RBC Capital lowered its price target to $810 from $840. Bank of America Securities lowered its price target to $810 from $900. Barclays, JPMorgan, Deutsche Bank, and Wells Fargo also lowered their price targets on the company.

Earlier today, Benchmark downgraded its rating to a “hold” from a “buy.” Oppenheimer downgraded the company to “perform” from “outperform,” saying the “significant investment in Superintelligence despite unknown revenue opportunity mirrors 2021/2022 Metaverse spending.” Ouch.

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