Facebook Inc
While accusing the giant social network of pursuing profits over safety, a former Facebook data scientist told Congress she believes stricter government oversight could alleviate the dangers the company poses, from harming children to inciting political violence to fueling misinformation.

Ex-Facebook employee says network hurts kids, fuels division

WASHINGTON (AP) — A former Facebook data scientist told Congress that the social network’s products harm children and fuel polarization in the U.S. while its executives refuse to change because they elevate profits over safety.
Instagram is putting a hold on the development of Instagram kids, geared towards children under 13, so it can address concerns about the vulnerability of younger users.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

FedEx Corp., down $22.99 to $229.08.
Federal regulators have sharpened their antitrust attack against Facebook. They are alleging in a revised complaint that the social network giant pursued a laser-focused strategy to “buy or bury” innovative rivals to suppress competition.
Facebook is trying to pull in workplace users with a new virtual-reality meetings app called Horizon Workrooms.
Facebook’s ownership of Giphy will hurt competition for animated images, U.K. regulators said Thursday following an investigation.
A senior Federal Trade Commission official is criticizing Facebook’s move to shut down the personal accounts of two academic researchers and terminate their probe into misinformation spread through political ads on the social network.
Concerns about a revenue growth slowdown pushed Facebook’s shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue.
Moderating a Facebook gardening group in western New York is not without challenges. There are complaints of wooly bugs, inclement weather and the novice members who insist on using dish detergent on their plants.
Facebook is asking that the new head of the Federal Trade Commission step away from decisions on whether to continue the agency’s antitrust case against the social network giant.
MENLO PARK, Calif. (AP) _ Facebook Inc. (FB) on Wednesday reported first-quarter earnings of $9.5 billion.
BERLIN (AP) — Holocaust survivors around the world are lending their voices to a campaign launched Wednesday targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide from the social media site.
OAKLAND, Calif. (AP) — Facebook employees are using Twitter and Facebook’s internal communications tools to register their frustration over CEO Mark Zuckerberg’s decision to leave up posts by President Donald Trump that suggested protesters in Minneapolis could be shot.
SAN FRANCISCO (AP) — Despite escalating pressure ahead of the 2020 presidential election, Facebook reaffirmed its freewheeling policy on political ads Thursday, saying it won’t ban them, won’t fact-check them and won’t limit how they can be targeted to specific groups of people.
TIERRA DEL MAR, Ore. (AP) — A battle playing out in Oregon is pitting residents of a tiny coastal town with no stoplights or cellphone service against one of the world’s biggest tech companies.
Twitter Inc. will ban political advertising from its platform, Chief Executive Officer Jack Dorsey tweeted on Wednesday.
Mark Zuckerberg defended meetings he’s reportedly had with conservative leaders after #DeleteFacebook began trending on social media.
NEW YORK (AP) — The new documentary “The Great Hack” captures how Facebook’s cavalier handling of user data in the Cambridge Analytica scandal posed a threat to democracy.
SAN FRANCISCO (AP) — When a doctored video of House Speaker Nancy Pelosi — one altered to show the Democratic leader slurring her words — began making the rounds on Facebook last week, the social network didn’t take it down.
CANBERRA, Australia (AP) — New Zealand’s official privacy watchdog on Monday described Facebook as “morally bankrupt” and suggested his country follow neighboring Australia’s lead by making laws that could jail executives over streamed violence such as the Christchurch mosque shootings.
SAN FRANCISCO (AP) — Facebook is losing its product chief Chris Cox, a top-ranking executive who spent more than a decade at the company, just a week after CEO Mark Zuckerberg announced a major new direction for the social network.
Internal Facebook documents released by a U.K. parliamentary committee offer the clearest evidence yet that the social network has used its enormous trove of user data as a competitive weapon, often in ways designed to keep its users in the dark.
SAN FRANCISCO (AP) — Tech titans Mark Zuckerberg and Elon Musk recently slugged it out online over the possible threat artificial intelligence might one day pose to the human race, although you could be forgiven if you don’t see why this seems like a pressing question.
NEW YORK (AP) — Facebook is stepping up its efforts to keep inappropriate and often violent material — including recent high-profile videos of murders and suicides, hate speech and extremist propaganda — off of its site.
NEW YORK (AP) — Apple, Google and more than 90 other companies are pushing back in court against President Donald Trump’s temporary travel ban, calling it unconstitutional, un-American and bad for the economy.
Business events and economic reports scheduled for the coming month:

All times are Eastern.

NEW YORK (AP) — Facebook says some 450 million people use its site — mainly the “Groups” feature — to buy and sell stuff locally, anything from cars to baby clothes to furniture.
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