Libra: four reasons to be extremely cautious about Facebook’s new currency
Facebook has unveiled libra, a cryptocurrency that will enable users to make international payments over Messenger and other group platforms like WhatsApp – perhaps from as soon as 2020.
With cryptocurrency launch, Facebook sets its path toward becoming an independent nation
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
Facebook’s unveiled its digital currency Libra, which will launch in 2020
Social media giant Facebook has finally unveiled its plans to launch a new cryptocurrency called Libra, along with a few big industry partners.
Huawei’s woes continue with Facebook backing away from it, too
Future Huawei smartphones won't come with Facebook, Facebook Messenger, WhatsApp or Instagram pre-installed.
US antitrust officials have woken up to Big Tech’s monopolies and numerous competition investigations are coming
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.
Big tech surveillance could damage democracy
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.
6 ways to protect your mental health from social media’s dangers
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
Revolt on the horizon? How young people really feel about digital technology
As digital technologies facilitate the growth of both new and incumbent organisations, we have started to see the darker sides of the digital economy unravel. In recent years, many unethical business practices have been exposed, including the capture and use of consumers’ data, anticompetitive activities and covert social experiments. But what do young people who grew up with the internet think ab...[Read More]
Facebook doesn’t fool me – but I worry about how it affects you
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.
Shortly after Mark Zuckerberg’s “privacy-focused vision” a WhatsApp vulnerability reveals how hard this new direction is for Facebook
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.
Calling for Facebook’s breakup, co-founder argues Zuckerberg’s “…power is unprecedented and un-American”
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."
Facebook’s ‘transparency’ efforts hide key reasons for showing ads
Governments and advocates in the U.S. and Europe, as well as elsewhere around the globe, have been pushing Facebook to make the inner workings of its advertising system clearer to the public.