Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber
Social media giant Facebook has finally unveiled its plans to launch a new cryptocurrency called Libra, along with a few big industry partners.
But the big news on Monday was that the Department of Justice was investigating Google and Apple; while the and Federal Trade Commission (FTCO is looking into Facebook and Amazon. All of accused of anticompetitive tactics for promoting their own services over that of rivals.
Future Huawei smartphones won’t come with Facebook, Facebook Messenger, WhatsApp or Instagram pre-installed.
The more tech companies know about their users, the more effectively they can direct them to goods and services that they are likely to buy. The more companies know about their users, the more competitive they are in the market.
More than one-third of American adults view social media as harmful to their mental health, according to a new survey from the American Psychiatric Association. Just 5% view social media as being positive for their mental health, the survey found
As digital technologies facilitate the growth of both new and incumbent organisations, we have started to see the darker sides…
A number of prominent figures have called for some sort of regulation of Facebook – including one of the company’s co-founders and a venture capitalist who was one of Facebook’s early backers. Much of the criticism of Facebook relates to how the company’s algorithms target users with advertising, and the “echo chambers” that show users ideologically slanted content.
That didn’t take long. Facebook’s new plan to be more secure lasted just two months since Zuckerberg’s pronouncement in early March about this shift after 2018’s annus horribilis.
The Facebook CEO “controls three core communications platforms… that billions of people use every day” namely Facebook, Instagram and WhatsApp and has control of 60% of the voting stock. “I’m worried that Mark has surrounded himself with a team that reinforces his beliefs instead of challenging them.”