Tags archives: facebook

eBay, Mastercard, Mercado Pago, Stripe, and Visa will no longer participate in the Libra Association, the group working to launch Facebook’s ambitious global cryptocurrency. The exits were first reported by Bloomberg and the Financial Times. Facebook is in a tough spot now that no major US payment processor is willing to partner with the Libra Association. This news also comes after PayPal announced its decision to withdraw from the organization on October 4. Former PayPal President David Marcus who is the chief executive running th...
The US, UK, and Australian officials want Facebook to rethink its plans to encrypt all messages on WhatsApp, Facebook Messenger, and Instagram. The request is to be delivered in an open letter to Facebook pressing the social media company to create a backdoor to give law enforcement access to encrypted messages. In their letter, US Attorney General William Barr, acting Secretary of Homeland Security Kevin McAleenan, UK Home Secretary Priti Patel, and Australian Home Affairs Minister Peter Dutton ask Facebook to give law enforcement ...
You should be familiar with those algorithmically-produced videos of “year in review” Facebook usually generate if you are still using the social media platform. Another form of it could be celebrating years of friendship with someone or birthdays and the videos often set slideshows of your posts with cheerful music. Facebook is reportedly using them to promote contents for extremist organizations along with creating a business page for Al-Qaeda, the National Whistleblower Center Researchers found. According to The Associated Press...
A Belgian security researcher has found a bizarre Facebook glitch that lets you search for photos of your female friends, but refuses to do the same for your male friends, reports The Next Web. When you type “photos of my female friends” into the search bar, Facebook will produce a random selection of photos of your female friends. Switch to “photos of my male friends” and the social network returns with a selection of random pictures from across the platform. Facebook will also kindly ask if you meant to type “female,” assuming you ...
There have been lots of back-to-back privacy scandals on Facebook for the past years, including a spread of negative news that won’t stop. However, the company’s earnings sheet tells a different story. Facebook’s fourth-quarter earnings report indicates that the social media giant did a double. It exceeded revenue expectations and as well had massive growth in users. As of December 2018, Facebook daily active user base was over 1.52 billion, according to the report. This is about 9 percent increase year over year. Facebook also recor...
The British privacy watchdog has on Thursday fined Facebook its maximum financial punishment for the company’s failure to protect the private information of its users in the Cambridge Analytica scandal. Facebook received a fine of £500,000 (about $645,000) – the highest punishment the British watchdog can dish out for data breaches, through its Ireland Office from the UK’s Information Commissioner’s Office (ICO). The fine would have been “significantly higher” under the EU General Data Protection Regulations, which took effect in M...
As Facebook faces more scrutiny over serial scandals triggered by privacy violations, election meddling, and fake news, the social media giant has hired former UK deputy Prime Minister Nick Clegg to head its global affairs and communications, reports Reuters. With the appointment, Clegg, who was deputy to David Cameron for five years (2010 to 2015) and a former leader of Liberal Democrats Britain, will become the first senior European politician to have a leadership role in Silicon Valley. The hiring process was closely supervis...
Most of us were skeptical to accept that Facebook could come up with a device that would let users hear “through their skin” when Regina Dugan, the former head of Facebook's 'Building 8’, announced the secretive lab’s intention to build such device last year. It’s a “science-fiction” hundreds of journalists said. Well, there’s at least one prototype of it now being tested. We can give doubts a break. A team of Facebook’s Secretive Lab researchers fully described the prototype using photographs in a study published in a peer-reviewed ...
Facebook is reportedly planning to score the ‘trustworthiness’ of its users individually, in an effort to effectively manage content flagging abuse embarked by many on contents they disagree with. The initiative could be ironic. Most Americans believe that Facebook cannot be trusted at various levels: protecting users’ private data and the information it promotes on news feed, according to surveys. The Facebook trustworthiness scores will be scaled from zero to one (0 – 1), reports Yahoo, and used to differentiate users that provide ...
The Facebook Inc. (FB) executives on Wednesday saw investors’ inevitable reactions on 2018 Q2 earnings. The social media giant earned $13.2 billion revenue during the quarter ended on June 30, 2018, compared to $9.32 billion generated in the same duration last year. Highlighting the gravity of the situation, the growth of Facebook decelerated 7 percent in Q2 with $370 million total revenue when evaluated against $536 million revenue earned for the Q1 this year. David Wehner, Chief Finance Officer of Facebook had earlier warned share...
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