Corporate Social Responsibility

Subterms

    More stories

    • 113 Shares119 Views

      in Elections

      The Rise of Salem Media, a Conservative Radio Juggernaut

      by

      In recent months, the conservative personalities Eric Metaxas, Sebastian Gorka and Charlie Kirk have used their nationally syndicated radio shows to discuss baseless claims of rigged voting machines, accuse election officials of corruption and espouse ballot fraud conspiracy theories.Now, the three men are joining a live speaking tour that will take them across Arizona, Georgia, Pennsylvania and other battleground states to promote those views — and Republican candidates — ahead of the Nov. 8 midterm elections.The radio hosts and their tour are united by a common backer: Salem Media Group, a publicly traded media company in Irving, Texas. Mr. Metaxas, Mr. Gorka and Mr. Kirk have contracts with the company, which is also hosting the Battleground Talkers trip. The tour features more than half a dozen other conservative media personalities as well, including Hugh Hewitt and Dennis Prager, who also have deals with Salem.Created as a Christian radio network nearly 50 years ago by two brothers-in-law, Salem has quietly turned into a conservative media juggernaut as it increasingly takes an activist stance in the midterm elections. The company has publicly said it wants a strong turnout of conservative voters for Nov. 8, and its hosts have amplified the messages of conspiracy theorists, including misinformation about the voting process.“The war for America’s soul is on the line,” Salem said in promotional materials for the tour. It added that the radio hosts were traveling to “influence those who are undecided.”Salem, which has a market capitalization of nearly $45 million, is smaller than audio competitors like Cumulus Media and iHeartMedia, as well as conservative media organizations such as Fox News. But it stands out for its blend of right-leaning politics and Christian content and its vast network of 100 radio stations and more than 3,000 affiliates, many of them reaching deep into parts of America that don’t engage with most mainstream media outlets.Salem also operates dozens of religious and conservative websites, as well as podcasts, television news, book publishing and a social media influencer network. The company, which describes its news content as “the antidote to the mainstream media,” has said it reaches 11 million radio listeners.Salem expanded into film this year by financing “2000 Mules,” a widely debunked but popular movie that claimed voter fraud in the 2020 presidential election.Charity Rachelle for The New York TimesThis year, it expanded into film by financing “2000 Mules,” a widely debunked but popular movie that claimed significant voter fraud in the 2020 presidential election. It was directed by Dinesh D’Souza, a conservative figure who has a deal with Salem, and features interviews with others who have shows on Salem. The company plans to publish a book version of the film this month.The general public may not be familiar with Salem, “but their hosts are big names and they have huge reach, which makes them one of the most powerful forces in conservative media that hardly anyone knows about,” said Craig Aaron, president of Free Press, a nonprofit that fights misinformation and supports media competition.The State of the 2022 Midterm ElectionsWith the primaries over, both parties are shifting their focus to the general election on Nov. 8.The Final Stretch: With less than one month until Election Day, Republicans remain favored to take over the House, but momentum in the pitched battle for the Senate has seesawed back and forth.A Surprising Battleground: New York has emerged from a haywire redistricting cycle as perhaps the most consequential congressional battleground in the country. For Democrats, the uncertainty is particularly jarring.Arizona’s Governor’s Race: Democrats are openly expressing their alarm that Katie Hobbs, the party’s nominee for governor in the state, is fumbling a chance to defeat Kari Lake in one of the most closely watched races.Herschel Walker: The Republican Senate nominee in Georgia reportedly paid for an ex-girlfriend’s abortion, but members of his party have learned to tolerate his behavior.Salem did not respond to requests for interviews. Phil Boyce, the company’s senior vice president of spoken word, said in a news release for the battleground states tour that “there has never been a more important midterm election than this one, and Salem is thrilled to be front and center, leading the charge.”Mr. Metaxas, Mr. Prager, Mr. Kirk, Mr. Hewitt and Mr. D’Souza did not respond to requests for comment. In his response for comment, Mr. Gorka said The New York Times was “FAKENEWS fraud.”Sebastian Gorka, a right-wing personality who has a radio show on Salem Media, had former President Donald J. Trump on his show this year.Scott McIntyre for The New York TimesSalem has faced legal challenges as its hosts have discussed conspiracy theories about voter fraud. Eric Coomer, a former executive of Dominion Voting Systems, a maker of election technology, has filed lawsuits against Salem, Mr. Metaxas and several media outlets since 2020 for defamation after being accused on air of perpetuating voter fraud and joining the left-wing antifa movement. Nicole Hemmer, a political historian at Vanderbilt University and author of “Messengers of Right: Conservative Media and the Transformation of American Politics,” said Salem’s effect was far-reaching.“They are using their many different properties for coordinated messaging to promote misinformation, which is undermining democracy,” she said.Salem was started in 1974 with two tiny radio stations in North Carolina owned by two brothers-in-law, Edward G. Atsinger III and Stuart W. Epperson. Over time, they steadily added more stations across the country and sold blocks of airtime for sermons. Salem is now in most major radio markets..css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-1hvpcve{font-size:17px;font-weight:300;line-height:25px;}.css-1hvpcve em{font-style:italic;}.css-1hvpcve strong{font-weight:bold;}.css-1hvpcve a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.The company went public in 1999 as the internet was rising. In its public offering prospectus, Salem said it would focus on acquiring digital platforms and cross-promoting content across its channels to attract new audiences.In 2006, Salem bought the conservative political website Townhall.com; other deals for conservative sites followed, including HotAir, Twitchy and PJ Media. It purchased a publishing company, Eagle Publishing, in 2014 in a deal that included RedState, a conservative blog, and Regnery, a publisher with conservative authors like Ann Coulter and Laura Ingraham. Regnery said last year that it was “proud to stand in the breach” with Senator Josh Hawley, Republican of Missouri, when it agreed to print his book after Simon & Schuster dropped the title in the wake of the Jan. 6 Capitol riot.This summer, Salem said it had added a podcast hosted by two “culture warriors,” Rob McCoy and Bryce Eddy of the talk show “Liberty Station.” In January, the company awarded its Culture Warrior of the Year award to Ron DeSantis, the Republican governor of Florida, who has made a point of goading liberals.More recently, Salem has promoted to advertisers its “360-degree deals,” meaning that it can amplify messages across radio, podcasts, books, film and websites.Salem has said it is “thrilled to be front and center, leading the charge” in next month’s midterm elections.Rebecca Noble for The New York TimesPolitics were not new to Salem’s founders. Mr. Epperson unsuccessfully ran for Congress in 1984 and 1986 as a Republican. Mr. Atsinger contributed to Republican candidates like George W. Bush and Larry Elder, a Salem radio host who mounted a failed campaign in the California governor’s recall election last year. In Washington, Salem fought to remove regulatory hurdles that complicated its acquisition spree.At the beginning of the year, Mr. Atsinger stepped down as Salem’s chief executive and became chairman, succeeding Mr. Epperson, who took on the title of chairman emeritus.Salem’s executives largely stayed out of editorial decisions — until the Trump administration, said Ben Howe, a former employee of RedState; Craig Silverman, a former Salem radio commentator in Denver; and a third former employee, who declined to be identified for fear of retaliation.In July 2017, Salem held an event at the White House, and several radio hosts interviewed top Trump administration officials. At a Salem reception at the Capitol the next day, the Senate Republican leader, Mitch McConnell, and the House Republican leader, Kevin McCarthy, gave speeches.“There was a lot of closeness,” said Mr. Silverman, who attended the events. “McConnell and McCarthy praised Salem, and vice versa. It felt like some sort of team effort.”In April 2018, Salem’s RedState blog fired several employees who had been vocal critics of Mr. Trump. The site’s unofficial slogan had long been “Take on the left. Clean up the right,” said Mr. Howe, a writer for the site who was one of those fired. “But one to two years into office, everything changed. It was like it was no longer good for business to be critical of Trump.”Mr. Silverman said his radio show was cut off in November 2019 as he excoriated Mr. Trump over accusations that the president had pressured Ukraine to investigate Joseph R. Biden Jr., then a Democratic presidential candidate, by withholding aid to the country. Mr. Silverman said he was then fired.“The political environment has never been as interesting and as heated and intense as it is right now,” David Santrella, Salem’s chief executive, said on a recent earnings call.Business Wire, via Associated PressSalem said in press reports at the time that such dismissals were not politically motivated, explaining that it had fired the RedState employees because of financial considerations and Mr. Silverman because he had appeared on non-Salem shows. Mr. Silverman said those appearances were allowed under his contract.As Mr. Trump’s term wound down, Salem ran into financial pressure. In 2019, the company said four board members, including two of the co-founders’ sons, had resigned because “Salem has faced several unique financial headwinds and we are looking for ways to cut costs while not impacting revenue.” Both sons have since returned to the board.In May 2020, the company moved to eliminate new hiring, suspend its dividend, reduce head count, cut pay and request discounts from vendors, blaming the pandemic for forcing it to conserve cash. It reported $11.2 million in forgiven loans from the government’s Paycheck Protection Program.But Salem’s finances have improved since then. Its net income rose to $41.5 million in 2021 from a loss in 2020, while revenue increased to $258.2 million from $236.2 million a year earlier.Salem’s political platforms are a bright spot. On an earnings call in August, Salem executives said that so far this year, political advertisers had spent nearly twice as much on Salem platforms as they did over the same period in the presidential election year of 2020, which had been the “biggest political year ever.” David Santrella, the chief executive, has predicted that “hot button” issues like abortion would probably boost ad revenue.“The political environment has never been as interesting and as heated and intense as it is right now,” he said.Kitty Bennett More

    • 113 Shares179 Views

      in Elections

      Twitter and TikTok Lead in Amplifying Misinformation, Report Finds

      by

      A new analysis found that algorithms and some features of social media sites help false posts go viral.It is well known that social media amplifies misinformation and other harmful content. The Integrity Institute, an advocacy group, is now trying to measure exactly how much — and on Thursday it began publishing results that it plans to update each week through the midterm elections on Nov. 8.The institute’s initial report, posted online, found that a “well-crafted lie” will get more engagements than typical, truthful content and that some features of social media sites and their algorithms contribute to the spread of misinformation.Twitter, the analysis showed, has what the institute called the great misinformation amplification factor, in large part because of its feature allowing people to share, or “retweet,” posts easily. It was followed by TikTok, the Chinese-owned video site, which uses machine-learning models to predict engagement and make recommendations to users.“We see a difference for each platform because each platform has different mechanisms for virality on it,” said Jeff Allen, a former integrity officer at Facebook and a founder and the chief research officer at the Integrity Institute. “The more mechanisms there are for virality on the platform, the more we see misinformation getting additional distribution.”The institute calculated its findings by comparing posts that members of the International Fact-Checking Network have identified as false with the engagement of previous posts that were not flagged from the same accounts. It analyzed nearly 600 fact-checked posts in September on a variety of subjects, including the Covid-19 pandemic, the war in Ukraine and the upcoming elections.Facebook, according to the sample that the institute has studied so far, had the most instances of misinformation but amplified such claims to a lesser degree, in part because sharing posts requires more steps. But some of its newer features are more prone to amplify misinformation, the institute found.Facebook’s amplification factor of video content alone is closer to TikTok’s, the institute found. That’s because the platform’s Reels and Facebook Watch, which are video features, “both rely heavily on algorithmic content recommendations” based on engagements, according to the institute’s calculations.Instagram, which like Facebook is owned by Meta, had the lowest amplification rate. There was not yet sufficient data to make a statistically significant estimate for YouTube, according to the institute.The institute plans to update its findings to track how the amplification fluctuates, especially as the midterm elections near. Misinformation, the institute’s report said, is much more likely to be shared than merely factual content.“Amplification of misinformation can rise around critical events if misinformation narratives take hold,” the report said. “It can also fall, if platforms implement design changes around the event that reduce the spread of misinformation.” More

    • 100 Shares149 Views

      in Elections

      Elon Musk’s Twitter Will Be a Wild Ride

      by

      His deal to buy the company is back on. Here are six predictions about Twitter under Musk’s control, if it happens.Buckle up.Elon Musk, who for months has been strenuously trying to back out of a deal to buy Twitter for $44 billion, now appears ready to buy the company after all. In a surprise letter to Twitter on Monday night, Mr. Musk offered to take Twitter private at his originally proposed price — $54.20 per share — marking a possible end to one of the most dramatic legal feuds in Silicon Valley history.It’s worth noting that the deal could still fall apart — Mr. Musk is famously subject to 11th-hour mood shifts — but the most likely outcome now is that the world’s richest man will in fact become Twitter’s new owner, possibly as soon as this week.Much is unknown about what Mr. Musk will do with Twitter if he acquires it. The mercurial billionaire has made only the vaguest of public statements about his plans for the company and its products.But we now know, thanks in part to a bevy of text messages released as part of the protracted legal battle, that it will be nothing like business as usual. And there are at least six predictions I feel confident making, if the deal does in fact close.He’s going to clean house, starting with firing Twitter’s chief executive, Parag Agrawal.A juicy set of text messages between Mr. Musk and his friends and business associates emerged last week, as part of the legal battle. In them, Mr. Musk made clear that he was unhappy with Twitter’s current leadership — in particular with Parag Agrawal, the chief executive, who took over last year from Jack Dorsey.The texts revealed that Mr. Agrawal had initially sought to work constructively with Mr. Musk, and that the two even had a friendly dinner near San Jose, Calif., in March. But the men eventually clashed. Mr. Agrawal, at one point, told Mr. Musk via text message that his habit of tweeting things like “Is Twitter dying?” was “not helping me make Twitter better.”“What did you get done this week?” Mr. Musk shot back. “This is a waste of time.”From reading Mr. Musk’s texts, it’s clear he believes that Twitter’s leadership is weak and ineffective, and lacks the ability to carry out his vision for the company. If Mr. Agrawal doesn’t immediately resign once the deal is complete, I’d expect Mr. Musk to fire him on Day 1 and name himself or a close ally as a replacement.Mr. Musk has also expressed displeasure with other Twitter executives, and it’s hard to see how he could fire Mr. Agrawal without also clearing out most or all of the company’s top leadership and installing his own slate of loyalists.Parag Agrawal, the chief executive of Twitter, may be at risk of losing his job if Mr. Musk takes control of the company.Kevin Dietsch/Getty ImagesEmployees will revolt.Another easy prediction to make about Mr. Musk’s takeover is that it will generate enormous backlash among Twitter’s rank-and-file employees.Twitter, more so than other social media platforms, has a vocally progressive work force and many employees who are deeply invested in the company’s mission of promoting “healthy conversation.” Those employees may believe — for good reason! — that under Mr. Musk’s leadership, Twitter will abandon many of the projects they care about in areas like trust and safety. Or they may simply not want to deal with the drama and tumult of a Musk regime, and start looking for jobs elsewhere.What Happened to Elon Musk’s Twitter DealCard 1 of 9A blockbuster deal. More

    • 88 Shares109 Views

      in Elections

      The Midterm Election’s Most Dominant Toxic Narratives

      by

      Ballot mules. Poll watch parties. Groomers.These topics are now among the most dominant divisive and misleading narratives online about November’s midterm elections, according to researchers and data analytics companies. On Twitter, Facebook, Reddit, Truth Social and other social media sites, some of these narratives have surged in recent months, often accompanied by angry and threatening rhetoric.The effects of these inflammatory online discussions are being felt in the real world, election officials and voting rights groups said. Voters have flooded some local election offices with misinformed questions about supposedly rigged voting machines, while some people appear befuddled about what pens to use on ballots and whether mail-in ballots are still legal, they said.“Our voters are angry and confused,” Lisa Marra, elections director in Cochise County, Ariz., told a House committee last month. “They simply don’t know what to believe.”The most prevalent of these narratives fall into three main categories: continued falsehoods about rampant election fraud; threats of violence and citizen policing of elections; and divisive posts on health and social policies that have become central to political campaigns. Here’s what to know about them.Misinformation about the 2020 election, left, has fueled the “Stop the Steal” movement, center, and continues to be raised at campaign events for the midterms, right.From left, Amir Hamja for The New York Times, Gabriela Bhaskar for The New York Times, Ash Ponders for The New York Times Election FraudFalse claims of election fraud are commanding conversation online, with former President Donald J. Trump continuing to protest that the 2020 presidential election was stolen from him.Voter fraud is rare, but that falsehood about the 2020 election has become a central campaign issue for dozens of candidates around the country, causing misinformation and toxic content about the issue to spread widely online.“Stolen election” was mentioned 325,589 times on Twitter from June 19 to July 19, a number that has been fairly steady throughout the year and that was up nearly 900 percent from the same period in 2020, according to Zignal Labs, a media research firm.On the video-sharing site Rumble, videos with the term “stop the steal” or “stolen election” and other claims of election fraud have been among the most popular. In May, such posts attracted 2.5 million viewers, more than triple the total from a year earlier, according to Similarweb, a digital analytics firm.More recently, misinformation around the integrity of voting has metastasized. More conspiracy theories are circulating online about individuals submitting fraudulent ballots, about voting machines being rigged to favor Democrats and about election officials switching the kinds of pens that voters must use to mark ballots in order to confuse them.The State of the 2022 Midterm ElectionsWith the primaries over, both parties are shifting their focus to the general election on Nov. 8.Inflation Concerns Persist: In the six-month primary season that has just ended, several issues have risen and fallen, but nothing has dislodged inflation and the economy from the top of voters’ minds.Herschel Walker: The Republican Senate candidate in Georgia claimed his business donated 15 percent of its profits to charities. Three of the four groups named as recipients say they didn’t receive money.North Carolina Senate Race: Are Democrats about to get their hearts broken again? The contest between Cheri Beasley, a Democrat, and her G.O.P. opponent, Representative Ted Budd, seems close enough to raise their hopes.Echoing Trump: Six G.O.P. nominees for governor and the Senate in critical midterm states, all backed by former President Donald J. Trump, would not commit to accepting this year’s election results.These conspiracy theories have in turn spawned new terms, such as “ballot trafficking” and “ballot mules,” which is used to describe people who are paid to cast fake ballots. The terms were popularized by the May release of the film “2000 Mules,” a discredited movie claiming widespread voter fraud in the 2020 election. From June 19 to July 19, “ballot mules” was mentioned 17,592 times on Twitter; it was not used before the 2020 election, according to Zignal.In April, the conservative talk show host Charlie Kirk interviewed the stars of the film, including Catherine Engelbrecht of the nonprofit voting group True the Vote. Mr. Kirk’s interview has garnered more than two million views online.“A sense of grievance is already in place,” said Kyle Weiss, a senior analyst at Graphika, a research firm that studies misinformation and fake social media accounts. The 2020 election “primed the public on a set of core narratives, which are reconstituting and evolving in 2022.”.css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-ok2gjs{font-size:17px;font-weight:300;line-height:25px;}.css-ok2gjs a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.The security of ballot drop boxes, left; the search for documents at Mar-a-Lago, center; and the role of the F.B.I., right, are being widely discussed online in the context of the midterm elections. From left, Marco Garcia for The New York Times, Saul Martinez for The New York Times, Kenny Holston for The New York TimesCalls to ActionOnline conversations about the midterm elections have also been dominated by calls for voters to act against apparent election fraud. In response, some people have organized citizen policing of voting, with stakeouts of polling stations and demands for information about voter rolls in their counties. Civil rights groups widely criticize poll watching, which they say can intimidate voters, particularly immigrants and at sites in communities of color.From July 27 to Aug. 3, the second-most-shared tweet about the midterms was a photo of people staking out a ballot box, with the message that “residents are determined to safeguard the drop boxes,” according to Zignal. Among those who shared it was Dinesh D’Souza, the creator of “2000 Mules,” who has 2.4 million followers on Twitter.In July, Seth Keshel, a retired Army captain who has challenged the result of the 2020 presidential election, shared a message on Telegram calling for “all-night patriot tailgate parties for EVERY DROP BOX IN AMERICA.” The post was viewed more than 70,000 times.Anger toward the F.B.I. is also reflected in midterm-related conversations, with a rise in calls to shut down or defund the agency after last month’s raid of Mr. Trump’s Florida residence, Mar-a-Lago.“Abolish FBI” became a trending hashtag across social media, mentioned 122,915 times on Twitter, Facebook, Reddit and news sites from July 1 to Aug. 30, up 1,990 percent from about 5,882 mentions in the two months before the 2020 election, according to Zignal.In a video posted on Twitter on Sept. 20, Representative Andrew Clyde, Republican of Georgia, implied that he and others would take action against the F.B.I. if Republicans won control of Congress in November.“You wait till we take the House back. You watch what happens to the F.B.I.,” he said in a video captured by a left-leaning online show, “The Undercurrent,” and shared more than 1,000 times on Twitter within a few hours. Mr. Clyde did not respond to a request for comment.Representative Marjorie Taylor Greene of Georgia, center, is among the politicians who have spread misinformation about gay and transgender people, a report said.From left: Todd Heisler/The New York Times, Stefani Reynolds for The New York Times, Todd Heisler/The New York TimesHot-Button IssuesSome online conversations about the midterms are not directly related to voting. Instead, the discussions are centered on highly partisan issues — such as transgender rights — that candidates are campaigning on and that are widely regarded as motivating voters, leading to a surge of falsehoods.A month after Florida passed legislation that prohibits classroom discussion or instruction about sexual orientation and gender identity, which the Republican governor, Ron DeSantis, signed into law in March, the volume of tweets falsely linking gay and transgender individuals to pedophilia soared, for example.Language claiming that gay people and transgender people were “grooming” children for abuse increased 406 percent on Twitter in April, according to a study by the Human Rights Campaign and the Center for Countering Digital Hate.The narrative was spread most widely by 10 far-right figures, including midterm candidates such as Representatives Lauren Boebert of Colorado and Marjorie Taylor Greene of Georgia, according to the report. Their tweets on “grooming” misinformation were viewed an estimated 48 million times, the report said.In May, Ms. Boebert tweeted: “A North Carolina preschool is using LGBT flag flashcards with a pregnant man to teach kids colors. We went from Reading Rainbow to Randy Rainbow in a few decades, but don’t dare say the Left is grooming our kids!” The tweet was shared nearly 2,000 times and liked nearly 10,000 times.Ms. Boebert and Ms. Taylor Greene did not respond to requests for comment.On Facebook and Instagram, 59 ads also promoted the narrative that the L.G.B.T.Q.+ community and allies were “grooming” children, the report found. Meta, the owner of Facebook and Instagram, accepted up to $24,987 for the ads, which were served to users over 2.1 million times, according to the report.Meta said it had removed several of the ads mentioned in the report.“The repeated pushing of ‘groomer’ narratives has resulted in a wider anti-L.G.B.T. moral panic that has been influencing state and federal legislation and is likely to be a significant midterm issue,” said David Thiel, the chief technical officer at the Stanford Internet Observatory, which studies online extremism and disinformation. More

    • 38 Shares159 Views

      in Elections

      Targeting ‘Woke Capital’

      by

      West Virginia’s banning of five big Wall Street banks for doing business with the state is yet another step toward a politicized world of red brands and blue brands. Florida’s DeSantis: Make profits great again.Phelan M. Ebenhack/Associated PressStates take action against ‘woke C.E.O.s’ Five big Wall Street firms woke up to a headache yesterday, and the ailment seems to be spreading fast. Riley Moore, the outspoken treasurer of West Virginia, announced that Goldman Sachs, JPMorgan, BlackRock, Morgan Stanley and Wells Fargo were banned from doing business with the state because they had stopped supporting the coal industry, reports The Times’s David Gelles.The banks have sharply reduced financing for new coal projects, while BlackRock has been reducing its actively managed holdings in coal companies since 2020. Coal, the most polluting fossil fuel, has become less profitable in recent years.Some of the firms do business with West Virginia in various ways. JPMorgan, for example, handles some banking services for West Virginia’s public university. But the dollar figures are relatively small, and the law does not affect the holdings of the state’s pension fund.The development is yet another step toward a politicized world of red brands and blue brands. In these hyperpartisan times, companies are increasingly being caught between conservatives and progressives, and some brands are being typecast as Republican or Democratic. The timing of the announcement was striking, coming just hours after Senator Joe Manchin of West Virginia, who had been the chief Democratic holdout on climate legislation, relented and agreed to sign on.Meanwhile in Florida, Gov. Ron DeSantis unloaded on the supposedly “woke” ideology of some financial services firms, criticizing E.S.G. investing and announcing plans for legislation that would “prohibit big banks, credit card companies and money transmitters from discriminating against customers for their religious, political or social beliefs.” At a news conference this week, he also said he wanted to prohibit the state’s pension fund managers from considering environmental factors when making investment decisions. Instead, he said, they need to be focusing only on “maximizing the return on investment.”Businesses now “marginalize” people because of political disagreements, DeSantis said. “That is not the way you can run an economy effectively.” He singled out PayPal, which has cut off accounts associated with far-right groups that participated in the Jan. 6 Capitol riot, and GoFundMe, which blocked donations to a group supporting truckers who occupied Ottawa this year.HERE’S WHAT’S HAPPENING Amazon’s shares soar as the company says consumer demand remains strong. The positive comments from C.E.O. Andrew Jassy and other top executives caused investors to shrug off the fact that the giant internet retailer reported its slowest quarterly sales growth in two decades, and has cut nearly 100,000 workers. Apple’s quarterly results were also better than expected, as Big Tech’s profits have been resilient even as the economy has slowed.The eurozone economy grew faster than expected, but so did inflation. Positive G.D.P. growth for the region, a day after the U.S. reported that economic growth slumped for the second quarter in a row, relieved some worries about growing stagflation. Still, inflation in the eurozone hit 8.9 percent in July compared with a year ago, a fresh record.The Biden administration plans to offer updated booster shots in September. With reformulated shots from Pfizer and Moderna on the horizon, the F.D.A. has decided that Americans under 50 should wait to receive second boosters.Read More About Oil and Gas PricesPrices Drop: U.S. gas prices have been on the decline, offering some relief to drivers. But weather, war and demand will influence how long it lasts.Stock Market: As financial markets around the world fell this spring amid worries about inflation and rising interest rates, energy was the only sector gaining ground. Summer Driving Season: The spike in gas prices is being driven in part by vacationers hitting the road. Here’s what our reporter saw on a recent trip.Gas Tax Holiday: President Biden called on Congress to temporarily suspend the federal gas tax, but experts remain skeptical the move would benefit consumers much, because tax is such a small percentage of the price you pay at the pump..A new book reignites a debate about how L.A. Times editors handled a 2017 exposé. Paul Pringle, a veteran reporter at the L.A. Times, writes in his book “Bad City” that top editors tried to slow-walk the paper’s initial groundbreaking article, which detailed how the dean of the University of Southern California’s medical school used drugs with young people.Trader Joe’s workers at a Massachusetts store form a union. It is the only one of the supermarket chain’s more than 500 stores with a formal union, but similar moves are afoot elsewhere, just as the union campaign has spread at Starbucks. Trader Joe’s will face at least one more union vote soon, at a Minneapolis store next month, and workers at a store in Colorado filed an election petition this week.Big oil’s big profitsOil companies are reporting surging profits, even as consumers and world leaders are dealing with the hardships caused by higher energy prices.Buoyed by high oil and gas prices, the energy sector is expected to have swelled earnings by more than 250 percent in the second quarter. Exxon Mobil and Chevron, the U.S.’s two largest oil companies, reported record profits this morning, with Exxon’s profit more than tripling from a year ago. Europe’s biggest oil companies, Shell and TotalEnergies, yesterday reported a combined $21 billion in profits.The fallout from Russia’s invasion of Ukraine has led to significant financial benefits for energy companies and their investors. The pain of rising energy prices and shortages, though, has been felt particularly strongly by consumers and businesses in Europe, which received roughly half of Russia’s oil exports before the invasion. In Asia and Africa, higher energy prices could push millions of people back into energy poverty, the International Energy Agency warned last month.It’s also led to claims of profiteering. President Biden said last month that oil companies were benefiting from their own underinvestment in refining capacity. In Britain, Boris Johnson, the outgoing prime minister, imposed a windfall tax on major oil and gas companies. But a top contender to replace him, Liz Truss, said that she opposed the tax because it would send “the wrong signal to the world,” and that Shell should be encouraged to invest in Britain.Oil companies have pointed the finger back at politicians. Ben van Beurden, Shell’s chief executive, said yesterday that energy prices were high in part because of government policies that discouraged investment in oil and natural gas in recent years.Gas prices in the U.S. have fallen over the last month, and there are some indications that more relief could be ahead. Citigroup said in a research note today that it expected growth in the supply of oil to outpace weaker demand. Still, geopolitical factors and the weather could change the trajectory of prices, particularly if the U.S. has an active hurricane season that disrupts refining capacity. “Just a few of these risks materializing could work up a continued perfect storm of high volatility,” Citigroup said.“There is a principle at stake. What can you buy if you have unlimited cash? Can you bend every rule? Can you take apart monuments?”— Stefan Lewis, a former member of Rotterdam’s City Council, explaining the outrage over the city’s decision, which has since been reversed, to temporarily dismantle a bridge to accommodate Jeff Bezos and his superyacht.The dark secrets of corporate subsidy deals Every year, state and local officials negotiate about $95 billion in economic development deals, competing with one another to recruit companies to their communities with lucrative subsidies in exchange for their business.But some corporations are becoming increasingly aggressive about forcing officials to sign nondisclosure agreements that could end up hurting the communities that the businesses were supposed to help, according to a new report by the American Economic Liberties Project, a progressive antitrust advocacy group. The N.D.A.s sometimes prohibit officials from disclosing basic information about a corporation, like its name and the type of business it’s building, Pat Garofalo, an author of the report, told DealBook.These N.D.A.s prevent community members, like workers and local businesses, from sharing their input on the deal until after it is completed. One recent example is the $4 billion battery factory that Panasonic will build in Kansas, which will get nearly $1 billion in subsidies. Before the deal was completed, Panasonic was also negotiating with Oklahoma, and the states were in a bidding war over the electronics giant’s business. But lawmakers could not talk about the corporation on the other side of the bargaining table in public — and sometimes didn’t even know its name. In April, Oklahoma officials complained that they had two hours to contemplate a complex incentive package worth $700 million, or about 8 percent of the state budget. “How am I supposed to go back to my constituents and say, ‘I gave away three-quarters of a billion dollars to a company that I don’t even know their name?’ Is that responsible?” State Representative Collin Walke said during an appropriations meeting.Some states have introduced bills to ban these N.D.A.s, which the report calls “an extremely common tactic” in development deals. This year, such legislation was introduced in New York, Michigan, Illinois, and Florida. New York’s State Senate voted unanimously to approve a ban. Garofalo thinks the New York lawmakers were galvanized by the Amazon HQ2 bid that fell apart in 2019. But he notes that communities don’t have to wait for politicians to fix the problem. Engaged citizens have used public meeting and records laws to solve subsidy mysteries, and sometimes a little transparency is all it takes, Garofalo said. “When the public does get a say,” he told DealBook, “the deals are better, or bad deals are knocked off right away.”THE SPEED READ Deals“Private equity giant Carlyle’s latest big play: Small Brooklyn buildings” (The Real Deal)Ernst & Young’s plan to split is reportedly being held up by debt issues. (WSJ)Newsmax renewed a deal to be carried by Verizon’s Fios, days before its rival One America News is to be dropped. Both are known for their loyalty to former President Trump. (NYT)PolicyThe private equity industry is objecting to a proposed U.S. tax increase on carried-interest income. (NYT)“Dry Fountains, Cold Pools, Less Beer? Germans Tip-Toe Up the Path to Energy Savings” (NYT)The big question is not whether the U.S. is in a recession. It’s whether the economy’s problems will worsen. (NYT’s The Morning)Best of the restArchitects have a reimagined vision for the former Deutsche Bank atrium at 60 Wall Street, with plans to make it look less like a Mediterranean spa and more like a Singapore airport. (NYT)Instagram is rolling back some product changes after celebrities like Kylie Jenner and Kim Kardashian criticized them. (NYT)TV showrunners are demanding that studios create protocols to protect employees in states where abortion has been outlawed. (Variety)Richard Rosenthal, the top defense lawyer for dangerous dogs, has even frustrated animal rights groups. (NYT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

    • 63 Shares179 Views

      in Elections

      Big Tech and the Fed

      by

      Some tech companies’ earnings are flagging, in what could be a positive sign for the Federal Reserve.Still big.Noah Berger/Agence France-Presse — Getty ImagesWhat tech earnings say about the economy The long-booming bottom lines of major tech companies are all of a sudden smaller than expected. That might be a good thing. Big Tech sailed through the pandemic with its profits mostly intact. The fact that some firms’ results are now flagging could be a positive sign for the Federal Reserve, which is trying to engineer a slowdown as it fights the nation’s worst bout of inflation in four decades.The big question for investors, and perhaps the Fed, is whether the profits of Apple, Alphabet, Amazon and the other tech giants, along with corporate America in general, have fallen enough.Microsoft and Alphabet, Google’s parent company, kicked off what appears to be a disappointing round of quarterly reports for the U.S.’s largest tech companies yesterday. Meta will release its results this afternoon, with Apple and Amazon rounding out Big Tech’s earnings announcements tomorrow.Microsoft’s profits, while below expectations, were still up. Sales of its signature software products, like Office, rose 13 percent. Its cloud services were up 40 percent. And LinkedIn, the professional social network Microsoft bought in 2016, grew 26 percent from a year ago, continuing to benefit from the tightest job market in decades.Alphabet’s sales rose 13 percent. In another good sign for the economy, the jump was driven by better-than-expected sales in its core Google search engine business, while results were mixed elsewhere. A jump in expenses and an exit from its Russian-related businesses caused profits to slump 14 percent.The results were positive enough for investors. Alphabet’s shares rose nearly 5 percent on the earnings news to $110. Microsoft’s shares jumped $10, or nearly 4 percent, to $262. Executives at both companies said they saw evidence of a weaker economy. “We are not immune to what is happening in the macro broadly,” Satya Nadella, Microsoft’s chief executive, said on a call with analysts. Alphabet’s chief financial officer, Ruth Porat, told analysts that a pullback in spending by some advertisers reflected “uncertainty about a number of factors.”Few are betting that the earnings reports will change the Fed’s approach. Its policymakers are meeting this week, and they are widely expected to continue raising benchmark interest rates. While central bankers “will likely acknowledge a recent weakening in economic momentum, the Fed will likely feel the need to appear resolute in battling inflation until there are clear signs that it is abating,” wrote David Kelly, the chief global strategist of J.P. Morgan Asset Management, in a note to clients earlier this week.HERE’S WHAT’S HAPPENING Kraken, the crypto exchange, is under investigation for possible sanctions violations. The Treasury Department is looking into whether Kraken illegally allowed users in Iran and elsewhere to buy and sell digital tokens. Shares of Coinbase, a larger crypto exchange, plunged yesterday after reports that the S.E.C. was investigating whether it allowed trading in unregistered securities. Cathie Wood’s Ark funds reportedly dumped Coinbase shares yesterday for the first time this year.Antitrust legislation aimed at Big Tech may be off the table for now. Chuck Schumer, the Senate majority leader, told donors at a Capitol Hill fund-raiser yesterday that the American Innovation and Choice Online Act, which he had promised to bring to a vote this summer, lacks the support needed to get it to the Senate floor, Bloomberg reported. The bill’s bipartisan backers have been pressuring Schumer to act fast, before midterm elections that could change the balance of power in Congress.One America News, once a dependable Trump promoter, is struggling to survive. The network is being dropped by major carriers and faces a wave of defamation lawsuits for its outlandish stories about the 2020 election. OAN’s most recent blow is from Verizon, which will stop carrying the network on its Fios television service this week. It is now available to only a few thousand people who subscribe to regional cable providers.Teva Pharmaceuticals reaches a tentative $4.25 billion settlement over opioids. The proposed settlement, which is with some 2,500 local governments, states and tribes, would end thousands of lawsuits against one of the largest producers of the painkillers during the height of the opioid epidemic.Florida’s largest utility secretly funded a website that attacked its critics. Florida Power & Light bankrolled and controlled The Capitolist, a news site aimed at Florida lawmakers, through intermediaries from an Alabama consulting firm, an investigation by The Miami Herald found. The site claimed to be independent, but it advocated rate hikes and legislative favors in efforts that were directed by top executives at the utility.BlackRock downshifts on E.S.G. BlackRock, the world’s largest asset manager, slashed its support for shareholder proposals on environmental and social issues this year, backing only 24 percent of such resolutions in the proxy season that ended in June, down from 43 percent in the previous period. The firm, which has long led the conscious investing movement, said this year’s proposals were “less supportable” and cited new regulatory guidance that opened the door to a broader range of policy-related proposals.The firm has criticized overly “prescriptive” resolutions. In a May memo, BlackRock signaled that Russia’s war in Ukraine was straining global energy supplies and shifting its calculations. “Many climate-related shareholder proposals sought to dictate the pace of companies’ energy transition plans despite continued consumer demand,” wrote the firm’s global head of investment stewardship, Sandy Boss. She noted that shareholders generally supported fewer environmental and social proposals this year as well, voting for 27 percent of resolutions, down from 36 percent in the previous proxy period.Opposition to E.S.G. is mounting. The environmental, social and governance investment push has been labeled “woke capitalism” by critics and is under fire from executives like Tesla’s Elon Musk, major investors like Bill Ackman and Republican politicians. In a speech yesterday, former Vice President Mike Pence, a possible 2024 hopeful, said that big government and big business were together advancing a “pernicious woke agenda.”E.S.G. supporters say critics may have a point. Andrew Behar, C.E.O. of the shareholder advocacy group As You Sow, agrees that many supposed E.S.G. investments don’t reflect true sustainability — with ever more capital directed toward the idea and many funds failing to live up to their promises. Behar argued that more corporate disclosures — which anti-E.S.G. groups oppose — would help to ensure that green investing actually works. He argues that critics also ignore a key financial incentive driving investor interest: knowing and lowering the costs of environmental issues throughout company operations, including risks from changing weather and the transition to more sustainable models. “We don’t have an E.S.G. problem,” Behar told DealBook. “We have a naming problem.”“I quit Starbucks. I had to. I just didn’t feel like that was justifiable. It’s like a small car payment.” — Fontaine Weyman, a 43-year-old songwriter from Charleston, S.C., on changing her coffee habits. Many Americans are dealing with the fastest inflation of their adult lives across a broad range of goods and services.Instagram tries to explain itself Instagram responded yesterday to criticism from some of its most popular users, including Kylie Jenner, about new features that made it more like its top rival, TikTok, the fast-growing video app owned by the Chinese company ByteDance.Adam Mosseri, Instagram’s head, said that it was experimenting with several changes, and that he knew users were unhappy. “It’s not yet good,” he said of some of the tweaks in a video post. He stressed Instagram’s commitment to photos, the app’s original focus, but said, “I’m going to be honest, I do believe that more and more of Instagram is going to become video over time.”Reels, a short-video product, is one of the six main investment priorities at Meta, which owns Facebook and Instagram, according to an internal memo last month from Chris Cox, the company’s chief product officer. Cox said that users had doubled the amount of time they spent on Reels year over year, and that Meta would prioritize boosting ads in Reels “as quickly as possible.” Last week, Instagram announced that almost all videos in the app would be posted as Reels.The changes come as Meta heads into a new phase. Mark Zuckerberg, its founder and chief executive, has cut costs, reshuffled his leadership team and made clear that low-performing employees will be let go, writes The Times’s Mike Isaac. “Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said on a call late last month. In recent months, profit at Meta has fallen and revenue has slowed as the company has spent lavishly on augmented and virtual reality projects, and as the economic slowdown has hurt its advertising business.The high-profile complaints about Instagram’s revamp started in recent days, when Kylie Jenner, the beauty mogul with 361 million Instagram followers, shared an image on the site that read: “Make Instagram Instagram again. (stop trying to be tiktok i just want to see cute photos of my friends.) Sincerely, everyone.”“PRETTY PLEASE,” Kim Kardashian, Jenner’s half sister and the seventh-most-followed Instagram user, echoed in a later post. Yesterday, Chrissy Teigen, a model and author with 39 million followers, responded to Mosseri in a tweet, saying, “we don’t wanna make videos Adam lol.”Companies have reason to listen when social media stars speak up, writes The Times’s Kalley Huang. In 2018, after Snapchat overhauled its interface, Jenner tweeted: “sooo does anyone else not open Snapchat anymore? Or is it just me….” Within a week, Snap, the app’s parent company, had lost $1.3 billion in market value.THE SPEED READ DealsThe activist investor Elliott Management reportedly has a stake in Paypal and is pushing it to cut costs faster. (WSJ, Bloomberg)Twitter shareholders will be asked to vote on Elon Musk’s potential acquisition in September. (Bloomberg)PolicyThe Senate advanced an industrial policy bill that includes more than $52 billion in subsidies for chip makers building U.S. plants. (NYT)The short seller Carson Block is being sued over a $14 million award from the S.E.C. that raised questions about the agency’s whistle-blower program. (Bloomberg)After Apple launched a “buy now, pay later” service, the top U.S. consumer finance regulator warned Big Tech about undermining competition in the sector. (FT)A federal judge ruled that Uber doesn’t have to offer wheelchair-accessible cars in every city. (The Verge)Best of the restCredit Suisse, which reported larger second-quarter losses than expected, replaced its C.E.O. (FT)Customers are paying billions of dollars in fees for “free” checking. (Bloomberg)The default settings in Apple, Google, Amazon and Microsoft products that you should turn off right away. (NYT)This man sells mud to Major League Baseball. (NYT)“The Case of the $5,000 Springsteen Tickets” (NYT)R.I.P., Choco Taco. (NYT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

    • 125 Shares169 Views

      in Elections

      Who Is Financing Trump’s ‘Big Lie’ Caucus? Corporations You Know.

      by

      Immediately after the Jan. 6 attack, hundreds of corporations announced freezes on donating money to Republican lawmakers who had voted against certifying Joe Biden’s victory. “Given recent events and the horrific attack on the U.S. Capitol, we are assessing our future PAC criteria,” a spokesperson for Toyota said a week after the attack.For many corporations, that pause was short-lived.“By April 1, 2021, Toyota had donated $62,000 to 39 Republican objectors,” the journalist Judd Legum wrote in his newsletter, Popular Information. That included a donation of $1,000 that Toyota gave to Representative Andy Biggs, a Republican from Arizona who is a close ally of Donald Trump and a fervent devotee of the “big lie.”In July 2021, Toyota reversed course and announced another hiatus from donating to lawmakers who voted to overturn the election results. Six months later, the money started to flow again. The company, in a statement to The Times, said it donates equally to both parties and “will not support those who, by their words and actions, create an atmosphere that incites violence.” (Corporations aren’t allowed to give directly to campaigns but instead form political action committees that donate in the name of the company.)Giving equally to both parties sounds good. But what if a growing faction of one political party isn’t committed to the rule of law and the peaceful transfer of power?In the year and a half since the attack, rivers of cash from once skittish donors have resumed flowing to election deniers. Sometimes tens of thousands of dollars. Sometimes just a thousand. But it adds up. In the month of April alone, the last month for which data is available, Fortune 500 companies and trade organizations gave more than $1.4 million to members of Congress who voted not to certify the election results, according to an analysis by the transparency group Accountable.US. AT&T led the pack, giving $95,000 to election objectors.Of all the revelations so far from the hearings on the Jan. 6 attack, the most important is that the effort to undermine democratic elections in the United States is continuing. More than a dozen men and women who participated in the Jan. 6 insurrection or the rallies leading up to it have run for elected office this year. Supporters of Mr. Trump have also run for public offices that oversee elections. And according to an investigation by The Times, at least 357 Republican legislators in nine states have used the power of their offices to attack the results of the 2020 election.This isn’t a hypothetical threat. On Tuesday, New Mexico’s secretary of state was forced to ask the State Supreme Court to compel a Republican-led county election commission to certify primary election results. The commission had refused to do so, citing its distrust of its own voting machines.There is also an active effort underway to frustrate the Jan. 6 committee’s work, including refusing to comply with subpoenas. Mr. Biggs, for instance, has refused to comply with a congressional subpoena to testify, as have other Republican members of Congress, including Jim Jordan, Kevin McCarthy, Mo Brooks and Scott Perry. (Mr. Perry, among other congressmen, asked for a presidential pardon for efforts to challenge and overturn the 2020 election, according to Representative Liz Cheney, the vice chair of the committee. He has denied that charge.) Representatives Barry Loudermilk and Ronny Jackson have yet to agree to interview requests from the committee. Six of these congressmen alone have brought in more than $826,000 from corporate donors since Jan. 6, according to Accountable.US. (Mr. Brooks didn’t receive any money from the Fortune 500 companies and trade groups tracked in the report.)We tend to think of the past and future threat to elections as coming from voters for Donald Trump and those whom they’d elect to office. But the success of these politicians also depends on money. And a lot of money from corporations like Boeing, Koch Industries, Home Depot, FedEx, UPS and General Dynamics has gone to politicians who reject the 2020 election results based on lies told by the former president, according to a tally kept by the Citizens for Responsibility and Ethics in Washington, known as CREW.All told, as of this week, corporations and industry groups gave almost $32 million to the House and Senate members who voted to overturn the election and to the G.O.P. committees focused on the party’s congressional campaigns. The top 10 companies that gave money to those members, according to CREW’s analysis of campaign finance disclosures, are Koch Industries, Boeing, Home Depot, Valero Energy, Lockheed Martin, UPS, Raytheon, Marathon Petroleum, General Motors and FedEx. All of those companies, with the exception of Koch Industries and FedEx, once said they’d refrain from donating to politicians who voted to reject the election results.Of the 249 companies that promised not to fund the 147 senators and representatives who voted against any of the results, fewer than half have stuck to their promise, according to CREW.Kudos aplenty to the 85 corporations that stuck to their guns and still refuse to fund the seditious, including Nike, PepsiCo, Lyft, Cisco, Prudential, Marriott, Target and Zillow. That’s what responsible corporate citizenship looks like. It’s also patriotic.We’re going to need more patriotic companies for what’s coming. Not only are Republican lawmakers who refused to certify the election results still in office; their party is poised to make gains during the midterm elections. Their electoral fortunes represent not only an endorsement from voters who support their efforts to undermine our democracy; they also represent the explicit financial support of hundreds of corporations that pour money into their campaign coffers.Money in politics is the way of the world, especially in this country. But as the Jan. 6 committee’s investigation has made clear, Mr. Trump’s attempted coup was orders of magnitude different from the normal rough-and-tumble of politics. Returning to the status quo where corporate money flowed to nearly every politician elected to office isn’t just unseemly; it is helping to fund a continuing attack on our democracy.Many Americans say they’ve moved on from the attack on Jan. 6. For those who haven’t, a good place to focus their attention is on the continuing threat to the Republic posed by politicians who are actively undermining it, and the money that helps them do so.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

    • 125 Shares189 Views

      in Elections

      Meta Will Give Researchers More Information on Political Ad Targeting

      by

      Meta, which owns Facebook and Instagram, said that it planned to give outside researchers more detailed information on how political ads are targeted across its platform, providing insight into the ways that politicians, campaign operatives and political strategists buy and use ads ahead of the midterm elections.Starting on Monday, academics and researchers who are registered with an initiative called the Facebook Open Research and Transparency project will be allowed to see data on how each political or social ad was used to target people. The information includes which interest categories — such as “people who like dogs” or “people who enjoy the outdoors” — were chosen to aim an ad at someone.In addition, Meta said it planned to include summaries of targeting information for some of its ads in its publicly viewable Ad Library starting in July. The company created the Ad Library in 2019 so that journalists, academics and others could obtain information and help safeguard elections against the misuse of digital advertising.While Meta has given outsiders some access into how its political ads were used in the past, it has restricted the amount of information that could be seen, citing privacy reasons. Critics have claimed that the company’s system has been flawed and sometimes buggy, and have frequently asked for more data.That has led to conflicts. Meta previously clashed with a group of New York University academics who tried ingesting large amounts of self-reported data on Facebook users to learn more about the platform. The company cut off access to the group last year, citing violations of its platform rules.The new data that is being added to the Facebook Open Research Transparency project and the Ad Library is a way to share information on political ad targeting while trying to keep data on its users private, the company said.“By making advertiser targeting criteria available for analysis and reporting on ads run about social issues, elections and politics, we hope to help people better understand the practices used to reach potential voters on our technologies,” the company said in a statement.With the new data, for example, researchers browsing the Ad Library could see that over the course of a month, a Facebook page ran 2,000 political ads and that 40 percent of the ad budget was targeted to “people who live in Pennsylvania” or “people who are interested in politics.”Meta said it had been bound by privacy rules and regulations on what types of data it could share with outsiders. In an interview, Jeff King, a vice president in Meta’s business integrity unit, said the company had hired thousands of workers over the past few years to review those privacy issues.“Every single thing we release goes through a privacy review now,” he said. “We want to make sure we give people the right amount of data, but still remain privacy conscious while we do it.”The new data on political ads will cover the period from August 2020, three months before the last U.S. presidential election, to the present day. More