How Facebook got into a mess and why it cant get out of it

April 20, 2018

Mark Zuckerberg will be drag before Congress this week. Hell apologise but his company doesnt know how to change its label of surveillance capitalism Ponder this … and sob. The United States, theoretically a ripen democracy of 327 million souls, is ruled by a 71 -year-old unstable narcissist with a serious social media habit. And the lawmakers of this republic have hauled up before them a 34 -year-old lily-white male,…

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Zuckerberg’s refusal to testify before UK MPs ‘absolutely astonishing’

April 19, 2018

Chair of committee investigating fake news exhorts Facebook head to think again if he has any care for users Mark Zuckerberg has come under intense criticism from the UK parliamentary committee analyse fake news after the head of Facebook refused an invitation to testify in front of MPs for a third time. The chair, Damian Collins, told you so had become more urgent the Facebook founder give evidence in person…

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Zuckerberg Defends Facebook’s Value While Senators Question Apology

April 17, 2018

People use its services’ 100 billion times a day’: Zuckerberg ‘ We’ve visualized the apologetic tours, ’ flouted Senator Blumenthal Mark Zuckerberg defended the social network’s value before Congress and pledged to correct its mistakes, as senators questioned whether he’ll give after years of failed assurances that he’d protect user privacy. ” People come to Facebook, Instagram, Whatsapp, Messenger about 100 billion times a day to share a piece of…

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Facebook’s Zuckerberg Earns Likes for Washington Performance

April 12, 2018

Company’s shares jump more than 5 percentage to two-week high CEO looked uncomfortable on occasion, but got a few giggles too Mark Zuckerberg apologized, defended his corporation, and jousted with questioners while come to terms with others during his first-ever congressional testament. Early examines on his effort to restore trust with lawmakers and the public were mostly positive. ” It was my mistake, and I’m sorry ,” Zuckerberg told Tuesday,…

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Facebook Data Scandal Has Left Zuckerberg Isolated in Tech

April 11, 2018

Cook, Benioff among CEOs that have smashed the social network Industry sometimes bands together under government pressure Mark Zuckerberg has seen himself with few champions in information and communication technologies industry. Apple Inc. CEO Tim Cook, Tesla Inc.’s Marc Benioff have criticized the social media network in the wake of its user data scandal involving political-advertising firm Cambridge Analytica. Other tech leaders have remained quiet in the ensuing backlash against…

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How a Billionaire Crypto King Built the No. 1 Exchange in Just 8 Months

April 10, 2018

Zhao Changpeng transformed Binance into the largest crypto exchange Global regulators are now cracking down on the industry value. He has vaulted from oblivion to the cover of Forbes magazine, steered Binance to a $200 million profit in its second quarter of existence, and amassed a personal rich that he claims is worth as much as$ 2 billion. But after a meteoric rise that dared fiscal orthodoxy( Binance doesn’t have…

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A grand illusion: seven days that shattered Facebooks facade

April 10, 2018

Revelations about the depths of Facebooks failure to protect our data are eventually pulled back the drapery, spectators say ” Dumb fucks .” That’s how Mark Zuckerberg described users of Facebook for trusting him with their personal data back in 2004. If the last week is anything to go by, he was right. Since ” stupid fuckings” statement, Facebook has gone to great lengths to convince members of the public…

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Facebook and Cambridge Analytica face mounting pressure over data scandal

April 8, 2018

Growing sees in US and UK for investigations to explain data breach affecting tens of millions Facebook and 50m Facebook profiles were reaped and used to build a system that may have influenced voters in the 2016 presidential campaign. The Conservative MP Damian Collins told you he would call the heads of both companies, spoke to the Observer and described how the profiles, largely of US voters, were reaped for…

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Does Facebooks Ad Tool Mislead Voters?

April 7, 2018

Facebook Inc . consumers who are worried that advertisers reaped their data to manipulate them with political propaganda have a potentially powerful tool to violate the trance: a button on the corner of each Facebook ad that mentions,” Why am I seeing this? “ Yet, rather than providing unfiltered transparency, this Facebook function is instead feeding users frequently misleading–and sometimes untrue–reasons for why they’ve been targeted, tests of the purpose…

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Revealed: 50 million Facebook profiles harvested for Cambridge Analytica in major data breach

April 3, 2018

Whistleblower describes how firm linked to former Trump adviser Steve Bannon compiled user data to target American voters How Cambridge Analyticas algorithms grew likes into a political tool The data analytics firm that worked with Donald Trump’s election team and the winning Brexit campaign harvested millions of Facebook profiles of US voters, in one of the tech giant’s biggest ever data infringes, and used them to build a powerful software…

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Facebook: is it time we all deleted our accounts?

April 2, 2018

The Cambridge Analytica revelations may be the final nudge we need to turn away from the social network. And its just the tip of the iceberg when it comes to large-scale tech reaping private information Sorry to break it to you, but you are probably a” dumb fucking “. This is according to statements by a young Mark Zuckerberg anyway. Back in 2004, when a 19 -year-old Zuckerberg had just…

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Where’s Zuck? Facebook CEO silent as data harvesting scandal unfolds

April 2, 2018

Amid calls for investigation and a #DeleteFacebook campaign, company releases an official statement but its figurehead retains quiet The chief executive of Facebook, Mark Zuckerberg, has remained silent over the more than 48 hours since the Observer disclosed the harvesting of 50 million consumers’ personal data, even as his company is buffeted by #DeleteFacebook. Facebook’s shares slipped 6.77% on Monday following the report, knocking $36 bn off the company’s valuation…

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I made Steve Bannons psychological warfare tool: meet the data war whistleblower

April 1, 2018

Christopher Wylie goes on the record to discuss his persona in hijacking the profiles of thousands of Facebook consumers in order to target the US electorate The first time I met Christopher Wylie, he didn’t yet have pink hair. That goes afterwards. As does his mission to rewind time. To throw the genie back in the bottle. By the time I met him in person, I’d already been talking to…

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World’s Biggest Cryptocurrency Exchange Is Heading to Malta

April 1, 2018

Binance to announce banking partnership in Malta: Zhao Move to Europe comes after crackdowns in Japan, China cracking down on cryptocurrency exchanges since last year, inducing it difficult for venues like Binance to find a permanent base. The corporation had an office in Japan and was trying to get a license to operate there, but decided to remove its staff to avoid a clash with neighbourhood regulators, Zhao supposed. Japan’s…

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Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

March 26, 2018

Japan’s FSA alerts Binance for operating without a licence Biggest cryptocurrency fell 4.5% after news firstly reported told Bloomberg in January that it was working to acquire a license in Japan, but the threat could complicate those efforts. Zhao said on Thursday that stock exchanges is” engaged in constructive talk” with the FSA. While Binance was founded in Hong Kong last year, Zhao has said that his company does not…

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Silicon Valley Has Failed to Protect Our Data. Heres How to Fix It

March 26, 2018

Twitter, LinkedIn, Cambridge Analytica applied that data to target likely Trump voters. Facebook responded that , no, this was not a” Featured in, March 26, 2018. Illustration: 731 For times we’ve been talking and thinking about social networks as interesting tools to model and understand human dynamics. But it’s no longer academic–Facebook has reached a scale where it’s not a modeling of society as much as an locomotive of culture….

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Facebook Sued by Investors Over Voter-Profile Harvesting

March 26, 2018

Investors claim Facebook failed to disclose vulnerability Research firm gleaned the necessary data for Trump without permission fell as much as 5.2 percent to $175.41 Monday in New York, wiping out all of the year’s gains so far. It was the biggest intraday plummet since Jan. 12. The inventory plunged another 2.6 percentage Tuesday to close at $ 168.15, after Bloomberg Facebook’s Long History of Resolving Privacy Claims on the…

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Self-Proclaimed Bitcoin Inventor Accused of Swindling $5 Billion of Cryptocurrency

March 21, 2018

Craig Wright, the self-proclaimed inventor of bitcoin, accuses of swindling more than$ five billion worth of the cryptocurrency and other resources from the property of a computer-security expert. Wright, who claimed in 2016 that he established the computer-based currency for the purposes of the pseudonym Satoshi Nakamoto, allegedly schemed to use phony contracts and signatures to lay claim to bitcoins mined by peer Dave Kleiman, another cryptocurrency adherent, who died…

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