The Zuck strikes again! Fresh off his last eyebrow-raising stunt - surfing in a full tuxedo while holding an American flag (yes, you read that correctly...) - the Facebook overlord has once again outdone himself. Today, he took to Instagram to show off his new masterpiece: a somewhat peculiar-looking sculpture of his wife of 12 years, Priscilla Chan. In the post, captioned "Bringing back the Roman tradition of making sculptures of your wife", Chan is seen standing beside the sculpture in a robe, sipping from a mug that matches the statue’s colour scheme. To bring his grand vision to life, Zuck...
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Researchers, journalists and civil society have called on tech giant Meta not to discontinue its transparency tool CrowdTangle on 14 August as planned, since they say it is essential for their work to measure trending topics on Meta’s Facebook and Instagram. The Coalition for Independent Technology Research – which counts Mozilla Foundation, Stanford Internet Observatory and Médialab Sciences Po among its members – claims in a survey published yesterday (1 August) that replacements to CrowdTangle proposed by Meta are not yet sufficient. CrowdTangle, acquired by Meta (then Facebook) in 2016, al...
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The parent company of Facebook, Meta Platforms, has reported second-quarter earnings that significantly exceeded market expectations, leading to shares jumping 7% in extended trading hours on Wall Street. The greater-than-expected guidance also fuelled the bullish momentum of the stock. Meta shares were up 34% year-to-date as of the close on Wednesday, doubling the performance of Nasdaq Composite Index. AI-driven strategies boost advertising revenueMeta reported revenue growth of 22%, marking the fourth consecutive double-digit increase of over 20%. This robust result was primarily driven by i...
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The parent company of Facebook, Meta Platforms, is set to report its second-quarter earnings after the US markets close on 31 July. The social media giant reported strong earnings for the first quarter but provided disappointing guidance, which led to a 15% drop in its shares on the day of the report. Nonetheless, its shares are up 33% year-to-date, making it one of the top performers among the Magnificent Seven stocks so far in 2024. In the second quarter, investors will be looking for continued strong advertising earnings and progress in the development of the artificial intelligence (AI) to...
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Sexual extortion, or sextortion, involves persuading a person to send explicit photos online and then threatening to make the images public unless the victim pays money or engages in sexual favours. Recent high-profile cases include two Nigerian brothers who pleaded guilty to sexually extorting teen boys and young men in Michigan, including one who took his own life, and a Virginia sheriff’s deputy who sexually extorted and kidnapped a 15-year-old girl. There has been a marked rise in sextortion cases in recent years, due in part by a loosely organised group called the Yahoo Boys, operating ma...
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The European Commission considers that Meta's binary decision to force citizens to either pay or give up their data to use the service does not comply with the Digital Market Act (DSA), the bloc's landmark law that aims to rein in the power excesses of Big Tech companies and ensure fairer competition in the digital world. Meta, the parent company of Facebook and Instagram, has been designated a "gatekeeper" under the DSA and is subject to stricter obligations. In reaction to the law, Meta introduced in November 2023 a new advertising system that asks users to choose between two options: Use th...
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Elon Musk's social media platform X, formerly called Twitter, has become more popular with right-leaning users in the two years since he bought the company, newly published research has found. The Pew Research Center study, which looked at some 10,200 social media users in the United States, found that the percentage of Republicans that said X is "mostly good" for democracy increased to 53 per cent this year, a figure that has tripled since 2021. Meanwhile, just 26 per cent of Democrat users said X was good for democracy this year, compared to 47 per cent in 2021. Musk has said his aims was to...
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Facebook and Instagram owner Meta is following the example set by Google and OpenAI in using data from its European users to train artificial intelligence systems, it said in a blogpost published yesterday (10 June). Meta has come under fire from Austrian privacy organisation NOYB which last week filed complaints with privacy watchdogs in eleven EU member states after the tech giant updated its privacy policy asking to take all public and non-public user data – with the exception of chats between individuals and content from accounts of those aged under 18 years – and use it to train its AI te...
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A new message appeared for European users of Instagram and Facebook mobile applications this month, informing them that their public posts could be used to train artificial intelligence (AI) from June 26. The information used could include posts, photos, captions and messages sent to an AI but not the content of private messages, Instagram’s help centre said. Parent company Meta said in a statement last week that they would begin notifying people in the UK and EU about how they will use "public information they have shared on Meta's products and services to develop and improve AI at Meta withi...
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