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"The March 13 outage was believed to be the worst ever for the internet giant, which reaches an estimated 2.7 billion people with its core social network, Instagram and messaging applications." This article is mostly just quoted from ppl on twitter, lol but it did show how much we depend ...Read More
Facebook's Libra is a payment protocol whose implications are geopolitical more than anything else. This is the North Atlantic GAFA Hemispherical Stack vs. Chinese Alibaba WeChat Baidu Stack ...Read More
Another look at the dark underbelly of the ocean of content we live in today. Facebook has over 30,000 people working as content moderators today, and the conditions they are working in are shocking in comparison to their corporate colleagues. “Individual contractors in North America make as little as $28,800 a year. They receive two 15-minute breaks and a 30-minute lunch each day, along with nine minutes per day of “wellness” time that they can use when they feel overwhelmed by the emotional toll of the job. After regular exposure ...Read More
"In cryptocurrencies, Facebook saw both a threat and an opportunity. They held the promise of disrupting how things are bought and sold by eliminating transaction fees common with credit cards. That comes dangerously close to Facebook’s ad business that influences what is bought and sold. If a competitor like Google ...Read More
"Despite skepticism and concern about Facebook’s reach, the company envisions an alternative financial system based on a new cryptocurrency called Libra."
“It isn’t inherently awful that YouTube uses AI to recommend video for you, because if the AI is well tuned it can help you get what you want. This would be amazing,..But the problem is that the AI isn’t built to help you get what you want — it’s built ...Read More
"An altered video of CEO Mark Zuckerberg has surfaced on the social-media company’s Instagram app, where he appears to question his company’s data practices."
"The potential disparity between the value of personal data and what users receive in return creates space for governments to seek reimbursement on society’s behalf." -- Leonid Bershidsky, Bloomberg, "This Is the Best Way to Tax Google and Facebook"
“I didn't feel super pressured into it, but I felt like I had made a commitment, and I was counting on the money,” said Griffin. “And I felt confident after conversations I had with them that they were going to do the medical part differently this time around.” Very dark ...Read More
"Facebook chose one of the busiest news days in American politics this year to admit that millions more Instagram users were affected by a security lapse than it had previously disclosed." ... "The timing of the announcement was the equivalent of Facebook “mumbling it under your breath while someone is playing loud music and hoping no one will hear,” he said. “The crazy thing is that they think they can still do this … They are acting like they’re still a cute ...Read More
Re: Facebook role in propagating extremist violence. Social media central to how the Christchurch killer arrived at his extreme views