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

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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

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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

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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

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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

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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…

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Facebook’s Crypto Libra Shouldn’t Become Sovereign Currency, Blasts French Finance Minister

By CCN Markets: Facebook’s unveiling of Libra, its cryptocurrency project coming in 2020, has caught the attention of many, including the French Finance Minister. Bruno Le Maire, speaking on French Radio, has said that this new cryptocurrency cannot operate as a sovereign currency. Facebook’s Libra project intends to introduce a digital currency for usage on its platforms. However, this is raising several economic issues. Concerns on its regulation, and the status of this currency, are up for debate with Le Maire giving some stern warnings. Stern Libra warning With its reach…

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Zuckerberg Pal Doubles Down on Facebook CEO Having Too Much Power

By CCN Markets: Give Facebook Co-Founder Chris Hughes a lot of credit. He not only has made comments that could make him less wealthy, but he’s also doubled down on them. Specifically, Chris Hughes believes that his “friend” Mark Zuckerberg has too much control over speech. Zuckerberg Is a Scary Master of the Universe In a May op-ed in the New York Times, Chris Hughes wrote: “The most problematic aspect of Facebook’s power is Mark’s unilateral control over speech. There is no precedent for his ability to monitor, organize and even…

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