Facebook plans hiring spree to help review content
Executives at Facebook said they plan to hire 10,000 more workers to increase safety and review content across the platform. That means Facebook will employ a total of 20,000 people to review content.
Recode reported that Facebook CEO Mark Zuckerberg said during its third quarter earnings call that he was “dead serious” about fixing some of the platform’s problems with disseminating false information. Here’s what he said, according to Recode:
I've directed our teams to invest so much in security — on top of the other investments we’re making — that it will significantly impact our profitability going forward,” Zuckerberg said on the call. (He posted a copy of his statements to his Facebook page shortly after.) “I believe this will make our society stronger and in doing so will be good for all of us over the long term. But I want to be clear about what our priority is: Protecting our community is more important than maximizing our profits.”
The company reported on Wednesday a third quarter revenue increase of 47 percent and its profit increased 79 percent to $4.7 billion.
Experts predict more holiday shopping happening on mobile
More than half of all visits to shopping sites, about 54 percent, will come from smartphones or tablets, according to Adobe Analytics’ online holiday retail predictions. This marks the first time traffic from smartphones and tablets is expected to surpass desktops.
Tesla confirms plan for China factory in 2019
Tesla said on Wednesday that it plans to make cars and sport utility vehicles in China in about three years, according to the Wall Street Journal.
CEO Elon Musk told Wall Street analysts that he doesn’t expect “significant investment” in a China factory until 2019.
This is a “milestone” for any U.S. car company, the Journal notes, because it gives Tesla a first-of-its-kind arrangement without having to form a partnership with a local company.
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