{"id":132791,"date":"2024-08-02T09:10:07","date_gmt":"2024-08-02T06:10:07","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/meta-joins-corporate-profit-to-fines-club\/"},"modified":"2024-08-02T09:10:07","modified_gmt":"2024-08-02T06:10:07","slug":"meta-joins-corporate-profit-to-fines-club","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/meta-joins-corporate-profit-to-fines-club\/","title":{"rendered":"Meta joins corporate \u2018profit-to-fines\u2019 club"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/132791\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Meta Platforms (META.O), opens new tab might seem in a position of unassailable strength. The $1.2 trillion Facebook parent grew revenue 22% year-over-year in the second quarter to $39 billion, almost twice the rate of top-line expansion at Alphabet (GOOGL.O), opens new tab. The result, though, is driven more by monetization of its users than adding new ones. There\u2019s more than one way that success can be punctured.<\/p>\n<p>Growth in two metrics key to the enduring stamina of a social network &#8211; engaged users and ad impressions \u2013 slowed in the three months ended June. Daily active people across its platforms including Facebook and Instagram were about flat compared to the prior quarter. Growth in ad impressions slowed to a third of the rate clocked up last year. But the average price per ad increased 10%, while operating margin improved 9 percentage points to 38%. Net income, consequently, jumped 73% to more than $13 billion.<\/p>\n<p>Keeping the machine of ever-improving ad targeting whirring requires far-reaching data collection. Regulators, though, are on a hair trigger to impose penalties for perceived over-stepping. This week, Meta agreed to pay the state of Texas $1.4 billion to settle accusations of illegally using facial-recognition technology but denied wrongdoing. Last week, Reuters reported it might have to shell out $13 billion after the European Commission charged it with unfair advertising practices. Meta last year paid 1.2 billion euros for violating European Union privacy laws. In 2019, the U.S. Federal Trade Commission imposed a record $5 billion fine over claims of misused data.<\/p>\n<p>As Meta gets ever-larger, that might not seem like such a big deal: Profit in 2024 and 2025 should top $110 billion, combined, according to LSEG estimates, easily absorbing the levies. Other sharp-elbowed industries attract similar penalties &#8211; banking giant Goldman Sachs (GS.N), opens new tab has been forced into payouts ranging into the billions. But backlash can be compounding, and enforcers are now bearing down on boss Mark Zuckerberg from multiple angles.<\/p>\n<p>Among them, the Wall Street Journal, opens new tab has reported that ads on Meta\u2019s platforms helped steer people to sellers of illegal drugs, while federal authorities, opens new tab are investigating the company\u2019s role in the sale of narcotics. In a statement to Breakingviews, Meta said its business is \u201cstrong because advertisers use our services to grow and thrive.&#8221; A spokesperson added \u201cWe have strict rules about the type of content that can be advertised on our platforms, and we reject hundreds of thousands of ads for violating our policies.\u201d Sooner or later, though, investors might give the profit-to-fines loop a thumbs down.<\/p>\n<p>Meta Platforms\u2019 second-quarter revenue rose 22% year-over-year to $39.1 billion, beating expectations. Daily active people were up slightly from last quarter to 3.27 billion, the company said on July 31. Also on July 31, the Wall Street Journal published an article saying that Meta Platforms\u2019 networks Facebook and Instagram had run ads that steered users to buying illegal drugs including cocaine and opioids.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/breakingviews\/meta-joins-corporate-profit-to-fines-club-2024-08-01\/\">Reuters<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/meta-joins-corporate-profit-to-fines-club\/\">Meta joins corporate &#8216;profit-to-fines&#8217; club<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[15546,2071,606,607,608],"class_list":["post-132791","post","type-post","status-publish","format-standard","hentry","category-news","tag-profit-to-fines-club","tag-meta","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/132791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=132791"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/132791\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=132791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=132791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=132791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}