This Stat Will Make Facebook & Amazon’s Antitrust Hearing Insanely Awkward

The combined market value of Facebook, Amazon, Apple, and Google stock is equivalent to nearly one-quarter of U.S. GDP. The CEOs of the four firms will testify before Congress later this month. Legislators are looking into antitrust issues raised against the tech giants. Nothing exposes the sheer economic dominance of U.S. tech stocks like Facebook …

Police Are Silently Stealing Your Photos to Use Against You

Clearview AI can create an in-depth profile on any person based on a single photo. Everything from that person’s activities and interests to their network of friends is easily accessible via the Clearview database. The police say the tech is “the biggest breakthrough in the last decade,” and the privacy concerns that raises are alarming. …

Facebook, Google Rake in Election Ad Spending While Twitter, Spotify Say No

Presidential candidates have already spent more than $105 million on digital ads. Facebook and Google are getting most of the dough. Spotify just joined Twitter in rejecting these election ads outright. With billionaires like Tom Steyer and Michael Bloomberg splashing their cash around, the airwaves have been filled with 2020 presidential election ads. The political …

Twitter Rubbishes Libra Co-Creator’s Crypto-Fiat Pledge – CCN.com

David Marcus, CEO of Facebook’s Calibra digital wallet service would rather have the Libra Association take the lead, if only to avoid Congressional hearings. | Source: AP Photo/Andrew Harnik An attempt by the co-creator of Facebook’s cryptocurrency to “debunk” the notion that Libra will not threaten the sovereignty of nations has been greeted with skepticism …

Facebook Still Sweating After Maxine Waters Meets Swiss Libra Regulators – CCN Markets

By CCN Markets: Facebook’s cryptocurrency project Libra still has more work to do in order to win over the U.S. Congress. According to the chairwoman of the U.S. House Committee on Financial Services, Maxine Waters, a meeting with the Swiss government officials who will regulate Libra Association over the weekend did not allay her concerns. …

Facebook Contractor Spies on Horrified Moderators. When Does It End?

A Facebook partner is spying on its own traumtized content moderators, giving us even more reasons to distrust Mark Zuckerberg’s company. | Source: AFP PHOTO / Brendan Smialowski Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does what it …

Crypto-friendly Switzerland Outclasses U.S. as Facebook Libra’s Regulator

Switzerland crypto laws have appealed to blockchain enthusiasts for years. Facebook’s head of blockchain, David Marcus, is no exception. He released a statement announcing that he expects the new coin to be governed by Swiss law. “Because the (Libra) Association is headquartered in Geneva, it will be supervised by the Swiss Financial Markets Supervisory Authority …

Instagram to Use AI to Censor Mean Comments

Instagram will soon trial a new AI-powered system for dealing with online bullying and abuse. Currently, the Facebook-owned social media platform uses a conventional human-dependent system for dealing with this issue that relies on users flagging and reporting comments as spam, abuse, or hate speech. On Monday, however, Instagram Head Adam Mosseri reportedly revealed that …

Binance CSO Confirms ‘Preliminary’ Talks to List Facebook’s Crypto ‘Libra’| CCN Markets

Speaking with Finance Magnates, Binance strategy officer Gin Chao said the world’s largest cryptocurrency exchange “would probably want to list” Facebook’s Libra coin on its marketplace. Chao said that Binance has been in talks with Facebook about the potential listing. Though he said discussion is, “very much at a preliminary stage.” The revelation is some …

Facebook Exec Takes Fall for Libra Name, Denies Copying Winklevosses

It’s deja vu all over again. Facebook executive David Marcus is taking the blame for Libra, saying it was him, not his boss Mark Zuckerberg, who named the new digital currency. Marcus isn’t apologizing for it, however. On the contrary, he’s insisting that the name Libra had nothing at all to do with Gemini, the …