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Facebook Launches Paris Startup Garage to Promote Entrepreneurs in Europe
January 17, 2017
Facebook COO Sheryl Sandberg on Tuesday announced the Startup Garage, the company's first-ever business incubator, which will be located in Paris at the new Station F hub launched last year. The Startup Garage will provide a six-month program of mentorship and assistance for new companies. About10-15 data-related startup firms will occupy up to 80 desks at the Station F campus.
New Facebook Project Aims to Strengthen Journalism
January 12, 2017
Facebook on Tuesday unveiled the Journalism Project, which is designed to establish stronger ties with the journalism industry. Through the project, Facebook aims to bolster the quality of journalism on the network. Among other things, the project aims to tackle the fake news issue that flared during the U.S. presidential election and its aftermath. The project will foster collaboration with news organizations.
Instagram Stories to Feature Video Ads
January 11, 2017
Instagram on Wednesday announced that businesses will be able to place immersive, full-screen video ads in its Stories feature, which has attracted 150 million daily users since its launch five months ago. Further, Instagram Business Tools will include insights on stories, which will allow business users to view the reach, impressions, replies and exits for each individual story.
Germany Could Ding Facebook for Fake News
December 30, 2016
The frenzied 2016 election cycle mercifully is over, but Facebook's fake news problem isn't going away. The company may face steep fines in Germany if it fails to address it satisfactorily. A bill slated for consideration next year would establish fines of up to $500,000 euros per day for each day that a fake news story persisted after notification of its falsehood was provided.
Fact-Checking the President-Elect's Tweets
December 24, 2016
Fact-checking President-elect Donald Trump can be a chore, even for people paid to do it. The Washington Post wants to make it less so, with add-ons to the popular Chrome and Firefox browsers. The browser extension, RealDonaldContext, is available from the Chrome Web Store or the Mozilla Foundation. Once installed, the extension displays any fact-checking the Post may have done.
Facebook Investors Slam Zuckerberg, Andreessen
December 14, 2016
Facebook investors have accused director Marc Andreessen of secretly coaching CEO Mark Zuckerberg regarding a major sale of shares he held. The structure of the sale enabled Zuckerberg to refocus on philanthropic activities while maintaining lifetime control over the company. The suit alleges that Andreessen secretly tipped off the CEO about concerns raised by other members of Facebook's board.
LinkedIn Begins New Chapter Under Microsoft's Wing
December 13, 2016
Microsoft last week closed its $26 billion acquisition of LinkedIn. LinkedIn will remain a separate company and Jeff Weiner will continue as its CEO, but he now reports to Microsoft CEO Satya Nadella. Integration of the companies' products is under way. Among many other things, a user's LinkedIn identity and network will be made available in Microsoft Outlook and the Office suite.
Traversing the Social Media Minefield
December 9, 2016
Many people expect celebrities and other prominent figures to have thicker skins than the average Jane or Joe. However -- as evidenced by the numbers of celebrities who've forsaken social media -- fame and fortune are not effective defenses against an all-out troll assault. While attacks on private individuals can be more personal and more targeted, they're typically much less numerous.
Tech Giants Team to Battle Terrorism Online
December 7, 2016
Facebook has teamed up with Twitter, YouTube and Microsoft to fight the proliferation of terrorist content on the Web. The tech giants will create a shared industry database of hashes for violent terrorist imagery, terrorist recruitment videos, or images they have removed from their services. They may use these shared hashes to help identify potential terrorist content on their platforms.
Twitter Buys Yes for Product VP Talent
December 6, 2016
Twitter has purchased Yes and named the mobile app startup's CEO, Keith Coleman, as its new VP of product -- a challenging post. Coleman will be Twitter's third VP of product this year and the fifth since 2014. Twitter's main problems are monetization, which has plagued it since its founding; slowing user growth; and stiff competition. Coleman's supporters cite his previous experience at Google.
Facebook Videos Explain AI in a Nutshell
December 5, 2016
Facebook last week released six videos to educate people about artificial intelligence. AI will bring major changes to society, and will be the backbone of many of the most innovative apps and services of the future, but it remains mysterious, noted Yann LeCun, Facebook's director of AI research, and Joaquin Candela, the company's director of applied machine learning in an online post.
Isn't Fake News Propaganda?
December 5, 2016
A few years back, when it was one company, HP made a huge mistake that cost a number of people their jobs and forced the replacement of many of its board members. The company suffered through some nasty litigation and several top executives almost landed in jail. The mistake was tied back to something called "pretexting." It also went by the more common term "identity theft."
Reddit Has Had It With Trolls
December 2, 2016
Reddit has announced reforms designed to crack down on trolls and punish its most abusive community members. Reddit has identified hundreds of the most "toxic users," said CEO Steve Huffman, who founded the site 11 years ago while in college, and it has devised a plan to take action against them. Consequence for unacceptable behavior could range from warnings to timeouts to permanent bans.
Fact-Checking Social Content
December 1, 2016
There's an argument that it's not Facebook's job to fact-check the growing flood of fake news coming at us through its portal. After all, Facebook is just a set of pipes delivering something and is not responsible for the content. Nebulous others have that responsibility. However, Facebook is in the business of delivering content to a wide variety of people for a multitude of reasons.
Facebook Denies Ransomware Infiltration
November 29, 2016
Facebook has denied that its network and Messenger app were being used to spread ransomware to its users, contradicting the claims of a security firm. Two Check Point researchers last week reported they had discovered a new method for delivering malicious code to machines, which they dubbed "ImageGate." Threat actors had found a way to embed malicious code into an image, they said.
Friend Finder Data Breach Exposes 400M Swingers
November 19, 2016
Hackers have stolen information of more than 400 million users of Friend Finder Networks, which runs several adult dating and pornography websites, LeakedSource reported. This is Friend Finders' second breach in two years. Last year, hackers accessed 4 million accounts, exposing information on users' sexual preferences and extramarital affairs. More than 412 million users were compromised.
Twitter Cracks Down on Cyber Hate
November 17, 2016
Twitter on Tuesday suspended the account of Richard Spencer, one of the leading voices of the alt-right movement. It also expanded the use of several existing tools and changed policies to make it easier for users to fight back against abuse and harassment. Twitter suspended the accounts of Spencer, president of the National Policy Institute, a white nationalist think tank.
Post-Election Backlash Spurs Fake News Crackdown
November 15, 2016
Facebook and Google have amended their internal policies regarding advertising on fake news posts in response to increasing pressure from users and a growing controversy within the company. There are mounting concerns that the presidential election may have been influenced by unvetted fake news stories trending on the network during the past few weeks of the cycle.
Hype Video Broadcast App Has Niche Potential
November 14, 2016
The folks who brought Vine into the world last month introduced a new video broadcasting app called "Hype." Available for free from Intermedia Labs in the iTunes App Store, Hype not only allows users to broadcast live to the Internet, but also lets followers interact with their broadcasts in real time. At first blush, it might seem that Hype's offering closely mirrors Periscope and Facebook Live.
Russia May Kick Out LinkedIn
November 14, 2016
A LinkedIn block in Russia could be imminent, in light of last week's court ruling that the company broke a law requiring personal data on Russian citizens to be stored on servers within the country. Roskomnadzor, Russia's telecommunications and media authority, is waiting until it has the full text of the ruling before acting on it. Russia had 5 million registered LinkedIn members in Q1.
Twitter Shuffles Deck as COO Bain Steps Down
November 10, 2016
Twitter COO Adam Bain is leaving the company, according to a document the company filed with the Securities and Exchange Commission earlier this week. The news comes just weeks after Twitter's attempt to find a buyer failed. Bain ran the company's entire revenue business. CFO Anthony Noto will step into his vacated spot, meaning the company will need to find a new financial chief.
Facebook Share Price Falls Despite Blowout Quarter
November 4, 2016
Facebook on Wednesday reported a record Q3, beating analysts' expectations for the fourth straight quarter, but concerns among investors about increased expenditures and the company's future prospects drove down share prices. They closed Thursday at $119.95, down more than $7 from Wednesday's closing price of $127.17. Friday saw little movement, with a closing price of $120.75.
Twitter May Kick 300 Employees Out of Its Nest
October 25, 2016
Twitter appears close to slashing another 300 jobs, or about 8 percent of its workforce, as it works to recover from a failed round of acquisition talks with several suitors. The job cuts likely would be in sales. Twitter might be taking steps to make itself look more attractive to investors in preparation for its third-quarter earnings report later this week.
Fake News Taints Facebook's Trending Topics
October 15, 2016
Facebook's Trending Topics section recently has carried a number of trending stories that were either "indisputably fake" or "profoundly inaccurate," according to a report this week. The news feed six weeks ago ran a false story claiming Fox News had fired anchor Megyn Kelly for being a closet liberal who supported Hillary Clinton. Facebook removed the story, apologized, and promised to do better.
Snap Lines Up Bankers for Spring IPO
October 13, 2016
Snap this week hired Morgan Stanley and Goldman Sachs Group to manage its IPO, according to multiple reports. JPMorgan Chase, Deutsche Bank, Allen & Co., Barclays and Credit Suisse Group reportedly also will play a role. The IPO, expected as early as this spring, could result in a valuation of $25 billion or more. That would make Snap one of the highest-profile IPOs in years.
Surviving the Internet's Troll Apocalypse
September 29, 2016
Social media has sharpened humans' age-old appetite for public shaming, providing a stage and unlimited seating for an endless stream of immorality plays. Those who share even the simplest identifying details about themselves are vulnerable to being pushed into the glare of the spotlight. Anonymity frees many individuals of the consequences they might face offline for being abusive to others.
Germany Dope Slaps Facebook Over WhatsApp Data
September 28, 2016
Germany's data protection regulator on Tuesday ordered Facebook to stop collecting and storing data from WhatsApp users in the country. Facebook also must delete any data it already may have harvested from German WhatsApp users, according to Johannes Caspar, Hamburg Commissioner for Data Protection and Freedom of Information, who issued the order. Facebook purchased WhatsApp two years ago.
Tech Big Shots Rumored Lining Up for Twitter
September 26, 2016
Twitter shares remained strong Monday after Friday's sharp rise on reports that it was considering a possible sale, with Google parent Alphabet and Salesforce emerging as two of the most likely buyers. Twitter has faced enormous pressure, both internally and from investors, to consider a major shakeup. It has struggled to find ways to monetize its core 140-character microblogging property.
Social Networks Prep for Key Role in Presidential Debates
September 23, 2016
The Commission on Presidential Debates, which has run them since 1988, last week announced initiatives with social media, academics, and media organizations to engage the American public in substantive conversations before, during and after this year's debates. The first debate between presidential candidates Hillary Clinton and Donald Trump is scheduled for Monday at Hofstra University in New York.
Alphabet Think Tank Spearheads Online Counterterrorism Campaign
September 14, 2016
Alphabet think tank Jigsaw and startup Moonshot CVE last week demonstrated a new counterterrorism technology tool. The groups have been collaborating to steer social media users away from terrorist propaganda. They have developed sophisticated algorithms to target potential ISIS sympathizers with counter narratives when they search for certain terms online or through social media.
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What's your reaction to the Turkish Crime Family's claim that it can access hundreds of millions of iCloud accounts?
I'm very worried -- I take all cyberthreats seriously.
I'm feeling secure -- I changed my password and set up 2FA.
I'm angry -- companies need to be more responsible.
I'm not at all concerned -- I trust Apple.
I'm resigned -- I expect to be breached at some point.
I don't care much -- the world has bigger problems.