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Monday, 29 August 2022

Zuck lands last-minute settlement for Cambridge Analytica + When things get shaky, it’s best to do nothing

Zuckerberg dodges questioning on Cambridge Analytica scandal with last-minute settlement: Facebook parent company Meta has agreed to settle a lawsuit that accused the social networking platform of sharing users’ private data with third parties, including now-defunct British political consulting firm Cambridge Analytica, The Wall Street Journal reports, citing a court filing. The undisclosed settlement comes weeks before Meta CEO Mark Zuckerberg and former COO Sheryl Sandberg were due to face questioning from lawyers over the case. Facebook users brought the suit following revelations that Cambridge Analytica had used the platform’s data to target voters in its work for Donald Trump’s successful 2016 US presidential campaign.

One strategy investors can consider when wobbly times strike the stock market: Do nothing. Ignoring shifts in the markets was economics and finance author Jeff Sommer's advice for long-term investors even when stocks were cratering earlier this year, he writes in the New York Times. The S&P 500 index bounced back with a rise of 17% mid-June to mid-August, but a bear market has returned in the last couple of weeks. Sommer says as long as investors have a solid plan using low-cost index funds, they're safe to do absolutely nothing. When the market dropped, it paid off not to sell in panic because of the sizable gains that arrived this summer. With Sommer's buy and hold method, investors don’t need to concern themselves about selling and buying at the right time — they’re just putting their money on an economy growing in the long run and the stock market capturing some of that growth.

The key to fighting misinformation? Allow us to introduce you to pre-bunking. “Inoculating” people against misinformation in the news through a series of videos teaching them about the common forms of information manipulation can be highly effective in helping consumers distinguish real from fake news, according to a paper published by Science Advances. This method, dubbed pre-bunking, helps people point out false information using fictional examples and could run as public service ads prior to viewing harmful content to help users identify false information. Those who watched the videos were proven to be better at pointing out false information from accurate information. The videos don’t work to prove certain claims false, instead they work to help people acquire the techniques needed to spot false information.

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