Facebook Developing a Whatsapp Crypto, Should the Bitcoin Community Be Worried?

It has been long been known that Facebook was working on a blockchain and crypto project. Most suspected that the new token would facilitate payments for Facebook’s 2.5 billion users on its social media platform. However, it turns out that Facebook’s maiden crypto project will focus on Whatsapp. According to sources familiar with the issue,…

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Facebook explains how Netflix, Spotify, and others used the info they got

Facebook said it gave Spotify, Netflix and the Royal Bank of Canada access to private messages so that users could communicate using those third-party services. Facebook’s explanation comes after the company’s stock price endured one its worst drops of 2018. Facebook on Wednesday evening published a blog post explaining why it allowed Spotify, Netflix and…

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Facebook could be in violation of an FTC agreement after the latest report on its privacy practices

Facebook has been accused of violating the consent decree — a misstep that would likely carry a multibillion-dollar fine — several times over the last year. A new New York Times report, though, alleges Facebook maintained improper partnerships far more recently, with a huge number of companies, and knowingly. And as Facebook continues to suffer…

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Facebook’s Blockchain Project And The Social Network’s Adoption Of New Technologies

What blockchain technology might look like on the world’s most popular social network, and who might want it. When a company like Facebook posts five job openings looking for blockchain-related talent, it seems like a rather large step toward the adoption of the growing technology. Now, it’s probably an understatement to say Facebook has its…

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Facebook has created 'too many adversaries,' says analyst who just downgraded the stock

Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold.” The firm said “Facebook’s management team has created too many adversaries … to not experience long-term negative ramifications on its business.” Stifel is maintaining its target price for Facebook, but it no longer finds “the upside…

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Facebook's story on Sandberg and ongoing obsession with Soros keeps evolving — here's the latest

Facebook and COO Sheryl Sandberg’s public stance about who at the company worked with Definers Public Affairs, and what the firm was tasked with researching, has evolved in the two-and-half weeks since a Nov. 14 New York Times report. Sandberg has cemented herself as the business face of the company, and was a particular focus…

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Sheryl Sandberg reportedly told Facebook staff to research George Soros

Facebook Chief Operating Officer Sheryl Sandberg told the company’s communications staff to conduct research on the financial interests of liberal billionaire George Soros, the New York Times said Thursday. The request came after Soros bashed Facebook and Google in a January speech at the World Economic Forum in Davos, calling them a “menace.” Facebook did…

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Amid Crypto Market Sharp Downturn, Traditional Stock Markets Seem to Collapse as Well

It’s true. We can not anymore say it’s only the crypto market. It definitely had a weeklong downturn that has forced the bitcoin price to its lowest point in almost 14 months but it appears that traditional markets do not intend to welcome investors back with open arms. Cryptocurrencies have been hit harder though, at…

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Management guru Sonnenfeld slams Facebook COO Sandberg, saying she 'probably should be replaced'

“Sandberg is completely dispensable,” and should “probably should be replaced,” Yale’s Sonnenfeld says. Facebook co-founder and CEO Mark Zuckerberg “should no longer be chairman,” he adds. Sonnenfeld’s criticism comes after Sandberg’s denial of a New York Times report that she ignored Russian activity on social network. Management guru Jeffrey Sonnenfeld on Friday called for a…

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Facebook says it's creating an independent body to help it decide which content to remove

The comments came one day after a bombshell report by the New York Times that outlined Facebook’s efforts to avoid and deflected blame in the public conversation around its handling of Russian interference and other misuses of its social network. Facebook will start to pilot this independent body in the first half of 2019 with…

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Ethereum’s Joe Lubin: Blockchain Will ‘Take a Little Longer’ to Develop Than the Web

Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar…

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Facebook is reportedly planning a big new facility right in Microsoft's backyard

Facebook has drafted plans for plans for a 650,000-square-foot office project in Redmond, Washington, the longtime home of Microsoft. The company could demolish existing buildings on the allotted land as soon as May. Facebook has not yet applied for building permits. Redmond, Washington, has been the home of Microsoft for decades, but the maker of…

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Here are the major Facebook execs who have left in 2018 so far

Facebook has seen 10 of its top executives leave in 2018. The departures come after a tough year filled with user privacy, data security and misinformation scandals. Facebook has had a rough year, plagued by scandals involving data security, user privacy and the spread of misinformation. The company’s stock lost nearly one-quarter of its value…

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Facebook exodus continues as Oculus co-founder Brendan Iribe leaves

Brendan Iribe, the former CEO and co-founder of Oculus, announced on Monday that he is leaving Facebook. Iribe’s departure comes a month after the exits of Instagram Co-founders Kevin Systrom and Mike Krieger. Earlier this year, WhatsApp Co-founder Jan Koum also left the company. Brendan Iribe, the former CEO and co-founder of Oculus, announced on…

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A first look at Facebook's Portal smart speakers: Entertaining video calling, weak streaming content

Facebook’s smart speakers stand out with video calls over Messenger. The Portal and Portal+ bring augmented-reality capabilities to video calls similar to those on Instagram and Snapchat. The exclusion of Netflix, HBO Now, YouTube and others hurts the useful of the Portal devices. Facebook is the latest tech company to enter the smart-speaker market, offering…

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It’s Time Facebook Protected User Security with Blockchain Tech

On September 25th, Facebook reported a security issue that affected almost 50 million users. Hopefully, this security breach will drive Facebook management to accelerate its efforts to improve data privacy by incorporating blockchain technology. 50 Million Facebook Accounts Were Vulnerable A Facebook vulnerability affecting almost 50 million user accounts has been the most significant security…

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Facebook's head of policy was sitting front and center at Thursday's Kavanaugh hearings

Kaplan attended as a friend of Kavanaugh’s. It’s a sensitive time for a Facebook executive to be spotted at such a contentious affair. Facebook’s head of policy, Joel Kaplan, was sitting in the U.S. Senate gallery Thursday behind Judge Brett Kavanaugh as he responded to allegations of sexual misbehavior when he was in high school….

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Gemalto And R3 To Develop Digital Identity Platform

Gemalto and R3 teamed up to create a self-sovereign identity platform. We explain why that matters. According to a September 18 press release, digital security firm Gemalto and blockchain solutions firm R3 have combined forces to create a self-sovereign digital ID called the Trust ID Network, to be stored on the R3 Corda blockchain. The…

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Amazon sets its sights on the $88 billion online ad market

Amazon, which has already reshaped and dominated the online retail landscape, is quickly gathering momentum in the new, highly profitable arena of online advertising. The push by the retail giant means consumers, even those that pay for its premium service, are likely to be confronted by ads in places where they didn’t exist before. It…

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