Facebook Resurrection: Why FB Stock Is Poised for a 25% Rally

By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook rewrote the history books with a $126 billion plunge. The social media giant weathered the storm, and FB shares are up almost 38 percent this year amid a broad […] The post Facebook Resurrection: Why FB Stock Is Poised for a 25% Rally appeared first on CCN Markets

Read More

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

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 was built for, we all get a little closer.” That is the problem, Facebook. It’s time to back off. The Intercept just released an exposé detailing how managers […] The post Facebook Contractor Spies on Horrified Moderators. When Does It End? appeared first on CCN Markets

Read More

Privacy Shocker: Did Facebook's Libra Plans Just Go Up in Smoke?

By CCN Markets: As if Facebook didn’t have enough privacy issues, the company now confirms that it has been transcribing the audio chats of its users for quite some time. Facebook Claims It Wasn’t Being Sneaky Facebook claims that the only conversations that were transcribed were from those users who selected that option in the […] The post Privacy Shocker: Did Facebook's Libra Plans Just Go Up in Smoke? appeared first on CCN Markets

Read More

Facebook’s Stock Falters as the DOJ Knives Come Out

Facebook’s stock fell 1.5 percent in after-hours trading to $199.27 on two issues that may likely portend the future of the tech giant. Facebook Faces Frustrating Fracas There are a number of different issues facing Facebook right now. First of all, Facebook may have settled privacy issues with the Federal Trade Commission by paying a […] The post Facebook’s Stock Falters as the DOJ Knives Come Out appeared first on CCN Markets

Read More

Fake Libra Peddlers LOL-Swarm Facebook for Discount Crypto Scam

Numerous fake accounts, groups, and pages operated by fraudsters have swamped Facebook and Instagram to mispresent themselves as the official hubs for the social media giant’s upcoming Libra crypto, the Washington Post reported today. Fake Libra accounts with hundreds of followers Despite Libra’s expected launch in 2020, a part of the scammers are already selling […] The post Fake Libra Peddlers LOL-Swarm Facebook for Discount Crypto Scam appeared first on CCN Markets

Read More

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 […] The post Crypto-friendly Switzerland Outclasses U.S. as Facebook Libra’s Regulator appeared first on CCN Markets

Read More

FTC Nukes Facebook with Record $5B Fine and Zuck Will Laugh It Off

The Federal Trade Commission has whacked Facebook with a record $5 billion fine stemming from the 2018 scandal in which a political consulting firm improperly accessed Facebook user data. The fine comes as a result of settlement talks between the two entities. The consulting firm, Cambridge Analytica, scraped data from 87 million Facebook profiles without […] The post FTC Nukes Facebook with Record $5B Fine and Zuck Will Laugh It Off appeared first on CCN Markets

Read More

Mark Zuckerberg Stole Facebook, Now He’s Stealing Bitcoin

By CCN Markets: One day Bitcoin will occupy the same corner of internet nostalgia occupied by Nikola Tesla. So it goes: were it not for Thomas Edison’s superior resources, influence and propaganda, we could all be running our laptops on Mr. Tesla’s free energy right now. Surveying the thunderous hype surrounding Facebook’s foray into the cryptocurrency game, one can’t quite shake the feeling that Mark Zuckerberg is in the process of pulling an Edison. First Facebook, Now Bitcoin The analogies between the story of Facebook’s foundation and that of the…

Read More