Fb ties worker bonuses to progress on social points

Facebook CEO Mark Zuckerberg Testifies At Joint Senate Commerce/Judiciary Hearing

Fb CEO Mark Zuckerberg on Tuesday introduced modifications to the corporate’s system for figuring out worker bonuses.

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Fb is altering the way it determines worker bonuses, tying them to how properly the corporate confronts points reminiscent of misinformation and hate speech on the platform.

Fb’s worker bonuses have been beforehand primarily based on elements reminiscent of consumer progress and product high quality. The social-media large is updating its system to raised replicate the corporate’s up to date priorities for 2019, CEO Mark Zuckerberg introduced Tuesday throughout an all-hands assembly on the firm’s Menlo Park, California, headquarters.

These up to date objectives, as outlined final month by Zuckerberg throughout a convention name with analysts, embrace making progress on the social points dealing with the web and Fb, constructing providers that enhance individuals’s lives, supporting companies and being extra clear in regards to the position Fb performs on this planet.

“Over the previous two years, we have basically modified how we run Fb,” Fb stated in an announcement. “This specific change is designed to make sure that we’re incentivizing individuals to maintain making progress on the most important social points dealing with the web and our firm.”

Fb’s transfer comes because the social media large faces its hardest stretch in its 15-year historical past. The corporate is underneath strain to do extra to fight election meddling, misinformation and hate speech on the platform. It is also come underneath hearth for not doing sufficient to guard the information privateness and safety of its 2.three billion customers after the corporate revealed that UK political consultancy Cambridge Analytica harvested the information of as much as 87 million customers with out their permission. 

The corporate’s sequence of scandals did not seem to have an effect on its income and earnings within the fourth quarter, each of which beat estimates and fueled a rally in its inventory final Wednesday.

Fb stated there is not a simple system for figuring out whether or not the corporate achieves its objectives, however stated it is going to document its progress by monitoring what number of pretend accounts it takes down each day and enhancements to security and safety.

Cambridge Analytica: Every little thing you should learn about Fb’s knowledge mining scandal.

iHate: CNET seems to be at how intolerance is taking on the web.

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