If Facebook happened to be a human being, where would he/she/they currently be? Most likely in prison… for a very long time. The company’s transgressions are too numerous to list. But Facebook is not human; it’s a company, and a very profitable one, at that. In fact, it’s now one of the most profitable companies in the world. Facebook’s market capitalization has recently surpassed the $1 trillion mark. When we think of Facebook — more specifically, Facebook Inc. — we tend to think of a social media platform that is somewhat dated. However, it is important to remember that this …

Digital artist Sean Williams claims that Mark Zuckerberg’s Instagram is working to create its own NFT marketplace. STORY TIME: INSTAGRAM IS BUILDING AN NFT PLATFORM RIGHT NOW AND THEY’RE REACHING OUT TO UPCOMING ARTISTS IN THE NFT SPACE TO HELP THEM BUILD IT. THE CATCH? They’re reaching out to artists IN OUR COMMUNITY to give them insight on what the NFT community needs, and disguising — Sean Williams (@iArtSometimes) May 18, 2021 Williams tweeted to his 12,000 followers on May 18 that Instagram had invited him and other artists to speak on an NFT focused panel, and to provide feedback …

Mark Zuckerberg, CEO of Facebook, has riled excitement across the crypto community after taking to social media to announce two of his pet goats have been named “Bitcoin” and “Max.” Zuckerberg announced the curious names for his pet goats in a Tuesday Facebook post stating: “My Goats: Max and Bitcoin.” Crypto Twitter has been whipped into frenzied speculation in response to the goats’ names, with analyst LilMoonLambo tweeting to their 97,000 followers: “You have two weeks to accumulate as much $BTC as you can before Mark Zuckerberg announces that he and Facebook have purchased Bitcoin during their annual shareholders meeting... …

According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a potential risk to millions of cryptocurrency traders and hodlers who now may be vulnerable to sim swapping and other identity-based attacks. The trove of information was first discovered by Alon Gal, CTO of security firm Hudson Rock, who posted on Twitter about the leak earlier today: All 533,000,000 Facebook records were just leaked for free. This means that if you have a Facebook account, it is extremely likely the phone number used for the …

On Thursday, Mark Zuckerberg took to Facebook to announce the end of Trump's reign — on the platform anyway. Yesterday's rally on Capitol Hill in Washington, D.C. turned into a storm of the Capitol itself by Trump supporters following a speech in which the president said "we will never concede." In his post this morning, Zuckerberg noted that Trump had used his platform on Facebook extensively for campaigning, often delving into disinformation and conspiracy theories, especially since the November election. Following yesterday's violence, Zuckerberg said that "the current context is now fundamentally different, involving use of our platform to incite …

The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system. In an official press release, the Libra Association Wednesday introduced Saumya Bhavsar as the new general counsel of Libra Networks, the entity charged with operating the blockchain-based payment system. Bhavsar comes with two decades of experience in the financial services industry serving in various legal, regulatory and compliance roles. She previously worked with United State and European banks and regulatory agencies, including Credit Suisse, the European Commission and the U.S. Department of the Treasury. Jeffrey Emmett, managing …

In a hearing before the Senate Commerce Committee on Friday, the CEOs of Facebook, Twitter and Google’s parent company, Alphabet, a veritable firing squad in what has become bipartisan hatred based on partisan reasons. But while Republicans and Democrats have different gripes with the platforms, all are clearly out for blood. Today’s hearing, theoretically, set out to focus on Section 230, a component of the Communications Decency Act that has historically served to protect online content hosts from the responsibilities that publishers take on. However, the actual questioning ended up being primarily political dunking. Many members commented on the speed …

Two icons of tech — one American, one Russian — are hard at work trying to win back the jilted governments of their home countries by stirring up concerns over foreign competitors. When nationalism meets tech In a hearing tomorrow before the congressional Antitrust Subcommittee, Mark Zuckerberg plans to portray Facebook as the American champion to meet Chinese tech. Meanwhile, Pavel Durov has waged a similar campaign to rehabilitate Telegram in his native Russia, largely by painting U.S. tech as an invading force. It’s an interesting strategy, especially since the PR for both Facebook and Telegram has historically leaned into …

David Weild IV, who is known as the father of the JOBS Act, believes that the U.S. government had to move to stamp out Facebook’s Libra stablecoin. Facebook: Number of Active Users. Source: Statista. ‘Government’s got to do something’ In an interview with Cointelegraph, Weild said that when he first heard about Zuckerberg’s initiative, he knew right away that the government needed to step in: “When I heard what Zuckerberg was going to do (and this was before the government clamped down), I said ‘the government’s got to do something here.’ And it was picked up by the House Financial …

The proposed Libra cryptocurrency will allow Facebook to increase ad prices, the social network’s CEO Mark Zuckerberg said at the annual shareholder meeting on Wednesday, according to a transcript provided to Cointelegraph by the Novi press team. At the event, Zuckerberg was asked how Facebook plans to profit from integrating Libra into its services. The social network CEO replied by saying that Libra will make commerce more beneficial for businesses, and thereby increase ad revenue. Last year, Facebook earned around $69.6 billion from selling ads, which constituted more than 98% of their total income in 2019. Zuckerberg said: "When they …

In a recent YouTube stream, Andreas Antolopoulos said that the controversial EARN IT Act might as well be called “Fuck you, Zuckerberg”. The bi-partisan bill was written by Lindsey Graham (R-SC) and Richard Blumenthal (D-CT), and if passed, it would: “Create incentives for companies to “earn” liability protection for violations of laws related to online child sexual abuse material”. Antonopoulos: civil rights aren’t EARNed Talking to Cointelegraph, Antonopoulos disagreed with that premise: “The EARN IT act is a backdoor encryption ban disguised as a modification of the DMCA act [Digital Millennium Copyright Act]. Civil rights aren't "EARNed", they are inalienable.” …

Amid intensifying fears over the coronavirus, the United States stock market saw another historic day causing whopping losses for the world’s richest people. On March 9, the U.S. stocks experienced another dismal day, with major stock indices like the S&P 500 and Dow Jones plunging more than 7%. This coincided with a major bloodbath in crypto markets, with Bitcoin (BTC) dropping nearly 10% over a day. According to some reports, Monday, March 9 became the worst day for U.S. stocks since 2008. At $6 billion, Bernard Arnault suffered the biggest losses on the day Referred to as Black Monday, the …