Facebook Talks to US, UK Governments and Visa and Mastercard about Globalcoin

Facebook is talking with U.S. Commodity and Futures Trading Commission (CFTC) about Facebook’s planned Globalcoin. It will be a crypto stablecoin initiative. The Financial Times reports the CFTC chairman Christopher Giancarlo said the agency held very early stages of conversations with Facebook. The goal was to better understand if the firm’s crypto stablecoin could potentially …

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Trusting Zuckerberg and Facebook Is Like Chickens Trusting KFC

In 2010, Facebook CEO Mark Zuckerberg said Privacy is Dead and for people to get over it. In 2010, Mark said if he were to create Facebook again then all user information would by default be public. Mark Zuckerberg has recently wrote that Facebook will create a privacy-focused social network based upon Whatsapp. Everything that …

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The Feudal-age of Social Networks Is Over – Here’s What’s Next

There are over 3.484 billion active social media users on scores of social networks. The major share of these users are active on Facebook as it has 2.3 billion users. It is the most popular social network, but there always seems to be some controversy around it. When it was launched the controversy surrounding it …

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Facebook App is the Data Vampire You Invited Onto Your Smartphone

We have reported some on the many problems and bad behavior that have been revealed about Facebook. Facebook Propoganda and Bullying Facebook pushes negative stories about its competitors. This is quite clearly using the technique of Propaganda. There is a favored tactic of very bad historical governments. The Soviets or Joseph Goebbels were primary users …

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Apple CEO Tim Cook calls for strong privacy protection

CEO Tim Cook blasted Silicon Valley technology companies and their abuse of user privacy. Tim gave the keynote address at a privacy conference in Brussels Wednesday. Facebook and Google make most of their money from advertising. Cook said * Personal information is being weaponized against us with military efficiency. * Every day, billions of dollars …

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Facebook reports security breach affecting 50 million accounts

On the afternoon of Tuesday, September 25, the Facebook engineering team discovered a security issue affecting almost 50 million accounts. They are taking this incredibly seriously and wanted to let everyone know what’s happened and the immediate action they have taken to protect people’s security. Attackers exploited a vulnerability in Facebook’s code that impacted “View …

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Big Tech advantage is larger than WW2 code breakers over Germany

Google has over 90% of the world’s searches. Source: StatCounter Global Stats – Search Engine Market Share Facebook has 65% of social media. Source: StatCounter Global Stats – Social Media Market Share < href="http://www.visualcapitalist.com/chart-shows-amazons-dominance-ecommerce/">Amazon has almost 50% of all eCommerce sales in the USA. How does the information that Google and Facebook has on their …

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Facebook reports drop in growth and revenue so stock drops $120 billion

Faceboook has dropped $120 billion in early trading to $500 billion. * Facebook had 42% year-over-year revenue growth this quarter. They expect high single-digit drops each quarter to year-over-year revenue growth over the next few quarters. People will get more privacy options. They expect currency issues. Daily active users hit 1.47 billion, up only 1.44%. …

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