Facebook launches new cryptocurrency – exclusive insider industry comments
Facebook has announced the launch of its Calibra wallet that is backed by the Libra Association, an independent consortium with members such as Visa, Mastercard, Stripe and Coinbase. The association...
View ArticleFacebook’s services return to normal after massive global outage
Users of Facebook and all of the services that it owns, particularly Instagram, WhatsApp and Messenger, suffered from a bug that caused users to have a difficulty in uploading, sending and viewing...
View ArticleFacebook fined $5 billion for Cambridge Analytica scandal
The Federal Trade Commission approved an approximately $5 billion settlement with Facebook over the company’s 2018 Cambridge Analytica scandal, a person familiar with the matter told The Wall Street...
View ArticleIt’s official! Facebook is the Leading Social Media Platform Across Generations
According to a new survey conducted by leading research company Esprimi, the vast majority of the public is using the internet primarily for Social Media platforms. The research results provide the...
View ArticleFacebook encouraged to close groups wanting fake Amazon reviews
Facebook has so far failed in completely shutting down groups on its website in which fake Amazon reviews are sold, according to Which?, a global consumer group. Back in June, Facebook was encouraged...
View ArticleFBI clashes with Facebook over the monitoring of social media platform
The FBI is looking for outside contractors to monitor social media for potential threats, setting up a possible conflict with Facebook and other companies over privacy. Last month, the FBI said it is...
View ArticleFacebook to hide likes on posts as part of an experiment
Facebook conducted a similar like-hiding experiment on Instagram in several countries earlier on this year, hiding the total number of likes as well as the number of views a video gets. This...
View ArticleFrance’s finance minister disagrees with Facebook’s Libra entering Europe
France’s finance minister said on Thursday that Facebook’s Libra cryptocurrency cannot be allowed to operate in Europe whilst there are ongoing concerns about sovereignty, systemic financial risks as...
View ArticleFacebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy,...
Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical U.S. lawmakers that it could lower the...
View ArticleFacebook agrees to pay £500,000 fine over Cambridge Analytica scandal
Facebook has agreed to pay a £500,000 (US$644,600) fine, the highest possible, to the Information Commissioner’s Office over the Cambridge Analytica scandal, ending more than a year of litigation...
View ArticleFacebook fuels anti-vaccination fears by allowing fake ads
Facebook is boosting its profits by allowing advertisers to cynically target new parents with homeopathic “vaccine alternatives”, an investigation has found. The social media giant is auctioning off...
View ArticleEU agrees tough line on digital currencies like Facebook’s Libra
Private digital currencies like Facebook’s Libra should not be allowed in the European Union until the risks they could pose are clearly addressed, EU finance ministers agreed on Thursday. The move...
View ArticleFacebook secures a symbolic victory in EU court battle against privacy...
photo: Max Schrems Facebook’s sharing of data on its European users with the U.S. is legal and provides sufficient protections, the legal advisor to the EU’s top court said Thursday. In a symbolic win...
View ArticleFacebook closes London offices until Monday due to coronavirus
Facebook said on Friday it is closing its London offices until Monday after a visiting employee from Singapore was diagnosed with coronavirus. “An employee based in our Singapore office who has been...
View ArticleUK announces 2% digital services tax on Facebook, Google and Amazon
The UK government has confirmed it will introduce a digital services tax to collect 2% of online revenues made in the UK by companies such as Facebook, Google and Amazon. Although it was not mentioned...
View ArticleFacebook, YouTube race to squash fake ‘Plandemic’ documentary
Earlier this week, a Southern California filmmaker posted his newest production on Facebook and YouTube and let the social media platforms do what they’ve been built for: make his video go viral....
View ArticleFacebook is ‘peddling in an addictive drug called anger’ – Joanna Hoffman,...
Photo: Joanna Hoffman, the former right-hand woman of Steve Jobs Joanna Hoffman, once a close advisor to the late Apple CEO Steve Jobs, has criticized leadership at Facebook for not being accountable...
View ArticleFacebook’s Zuckerberg criticised during antitrust hearing with company emails...
Facebook Chief Executive Mark Zuckerberg struggled in a congressional hearing over the alleged abuse of market power on Wednesday July 29, with lawmakers showing internal emails about the company’s...
View ArticleFacebook founder Mark Zuckerberg’s fortune tops US$100 billion for first time
Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook hit a record on optimism about the release of its TikTok competitor Reels. The 36-year-old joins fellow tech...
View ArticleEU urges Facebook, Google, Twitter and others to do more against fake news as...
Two years after a self-regulatory code of practice to tackle disinformation was agreed, the European Commission on Thursday called for Facebook, Alphabet’s Google, Twitter, and plenty of other tech...
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