Facebook's data and privacy rules have slowed business development plans for insurtech firm, Admiral; many fintech firms have sought to use social media profiles in crowdfunding with little success for various reasons; insurtech firm, Admiral, will now be forced to end its plans to use Facebook social media posts and likes for consideration in auto insurance underwriting; Facebook says use of the information is a violation of its data privacy rules. Source
Facebook has re-released plans for Libra which are scaled back from their original vision after getting significant pushback from global...
The BBC has a report out today that Facebook will be rolling out its own cryptocurrency, called GlobalCoin, in 2020;...
Techcrunch is reporting that Facebook have revealed their new cryptocurrency, codenamed Libra, will be debuting on June 18; this is...
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·I've seen a whole bunch of headlines this past week about how Facebook is launching its version of the "Supreme Court", as if that were an app feature. The oversight board is meant to police controversial content decisions, and have the power to overrule Zuck's judgment on political matters. Its charter is drafted as if Facebook's 3 billion users were citizens of an Internet nation. Add to this the insanity over WeWork's failing IPO plans, where the CEO has been personally named in the amended filing documents with clear checks on demonstrated abuses of power. We are drifting into a Twilight Zone episode where modern corporations act as if they were feudal states run by divine kings negotiating with their nobility over a Magna Carta. Which is actually sort of where we are.
The beginning of February '22 will be remembered for one thing: Facebook — and the tech market it has come to represent — had a terrible quarter.
There was some fanfare late last week when reports came out about Facebook securing partners for their blockchain based Libra...
Coindesk has dug into the Libra white paper which references how they might address digital identities: “An additional goal of...
Facebook plans to reveal their crypto plans next week and now they count a group of impressive backers to support...
There has been plenty of talk as of late about Facebook’s plans in payments and blockchain; today they announced what...