Facebook Quietly Bankrolled Small, Grass-Roots Groups to Fight Its Battles in Washington

From a Washington Post story by Cat Zakrzewski and Elizabeth Dwoskin headlined “Facebook quietly bankrolled small, grass-roots groups to fight its battles in Washington”:

In early March, weeks after senators advanced a sweeping bill to expand competition in the tech industry, a regional newspaper more than 2,000 miles from Silicon Valley ran a defensive op-ed.

“Instead of attacking these digital platforms, we need to work with these companies toward innovation and access for our businesses to survive,” Clayton Stanley, the president and CEO of The Alliance, an economic development organization in northeastern Mississippi, wrote in the Mississippi Business Journal.

Six Reasons Meta, Formerly Known as Facebook, Is in Trouble

From s New York Times story by Mike Isaac headlined “6 Reasons Meta Is in Trouble”:

Meta, the company formerly known as Facebook, suffered its biggest one-day wipeout ever on Thursday as its stock plummeted 26 percent and its market value plunged by more than $230 billion.

Its crash followed a dismal earnings report on Wednesday, when Mark Zuckerberg, the chief executive, laid out how the company was navigating a tricky transition from social networking toward the so-called virtual world of the metaverse….

Here are six reasons that Meta is in a difficult spot.