🙅 Facebook's algorithm was mistakenly elevating harmful content for the last 6 months

Today’s pick

Facebook's algorithm was mistakenly elevating harmful content for the last six months. A group of Facebook engineers identified a “massive ranking failure” that exposed as much as half of all News Feed views to “integrity risks” over the past six months, according to an internal report on the incident… (Alex Heath / The Verge)

Alex Heath @alexeheath

Facebook has identified a “massive ranking failure” that exposed up to half of all News Feed views to “integrity risks” since last October, per internal report I obtained. Impacted distribution of misinfo, violence, nudity, and even Russian state media

theverge.comA Facebook bug led to increased views of harmful content over six monthsWhat happens when the News Feed breaks?

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Losing 5% Was Best You Could Do in Stocks and Bonds This Quarter. War, inflation and the lingering impact of a global disease made the first quarter a historically rough one for stock and bond investors. Across equity and fixed-income markets broadly, the least-bad performance among U.S. assets were declines of… (Lu Wang / Bloomberg)

Lisa Abramowicz @lisaabramowicz1

The least-bad Q1 performance among U.S. assets were declines of 4.9% in the S&P and junk bonds. They were followed by a 5.6% fall in Treasuries and a 7.8% slide in investment grade.

bloomberg.comBloomberg - Are you a robot?

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First 'Gapless' Human Genome Map Is Unveiled, Years After Earlier Effort. Scientists have unveiled what they call the first truly complete map of a human genome, filling in significant gaps that persisted for almost 20 years and setting the stage for new discoveries about human evolution and fresh insights into cancer… (Amy Dockser Marcus / Wall Street Journal)

PacBio @PacBio

Thank you to @WSJ for mentioning us in your coverage of the #T2T Consortium and the announcement of the first complete, gapless #sequence of a #humangenome.

The Wall Street Journal @WSJ

Scientists say they’ve created the first complete map of a human genetic code. It could help us learn more about human evolution and genetic diseases. https://t.co/ZjV2tDrj5v

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The serious business of being a social influencer. IT IS A sure sign that a hot trend has reached the mainstream when the tax authorities catch up. This week China promised a tax-evasion crackdown on social-media influencers, who are paid by brands to promote products online to armies of followers. (The Economist)

The Economist @TheEconomist

Total spending on influencers by brands could reach $16bn this year. With a clear strategy and careful analysis, they can add value in several ways

econ.stThe serious business of being a social influencerRead this leader!!#ad

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Is it time to start worrying about startup layoffs?. Startups are once again considering layoffs as a way to control cash consumption and attract new capital. News that Fast, a one-click checkout software provider targeting the e-commerce market, is offering sharp staff cuts to investors in hopes of… (Alex Wilhelm / TechCrunch)

Jeff Richards @jrichlive

Most private tech cos “overhired” in 2022. Most valuations in 2021 were “too high” for today’s mkt multiples. So - yes - we expect less hiring + some layoffs (already happening). Will see stronger, better run cos as a result. (Don’t shoot the messenger!)

techcrunch.comIs it time to start worrying about startup layoffs? – TechCrunchStartups are once again considering layoffs as a way to control cash consumption and attract new capital.

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— Jose Montes de Oca

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