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Tag Archives: cambridge analytica

Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah

New social media platforms are popping up all over the place as of late, and one – Uhive – is powered by cryptocurrency.Uhive Is Doing Things a Little DifferentlyBased in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology. Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed. Either people are terribly sick of the likes of Facebook and Twitter – which they probably should be, given how...

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Libra Is Taking on New Form as a Payment Network

Are we about to see some major changes coming to Libra?Libra Is Taking On a Whole New FormThe words “changes coming” probably aren’t entirely accurate, as Libra has not been released to the public just yet, though up to this point, the currency has widely been suggested as a single asset rather than a string of combined ones making up a payment network. This is the form that Libra executives now say the project will take on.Libra was originally going to be a stable currency supported by...

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Facebook (FB) Stock Trading at $217 Level but Users Inflow and Monetization Efforts May Take It to $250

The user base growth and monetization efforts could push Facebook (FB) stock price to $250. The number of users and stock earnings increase despite the controversies surrounding the popular social platform.Despite recent uncertainty with the Libra cryptocurrency, Facebook Inc. (NASDAQ: FB) stock price and user base both keep growing. Experts predict that the stock will outperform itself in the longterm because Facebook is no stranger to controversy.The Cambridge Analytica case made it clear...

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Reuters and Facebook Launch Fact-Checking to Deal with Misinformation amid U.S. Elections

Within the initiative of fact-checking, Reuters will check English and Spanish language content on Facebook and Instagram and publish the results on the Reuters blog.The world’s largest news agency Reuters and Facebook have launched fact-checking service. The initiative aims at verifying the authenticity of user-generated photos, videos, headlines and identifying misinformation on Facebook and Instagram.Notably, for the initiative, Reuters has partnered with Facebook’s Third-Party...

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Facebook Stock Dips Down ahead of Official Visit of Mark Zuckerberg to Europe

Facebook CEO Mark Zuckerberg Facebook is going to come to Europe with an official visit this month. At the same time, FB stock is experiencing not the best period.Facebook (FB) stock continued to trade lower on Tuesday closing at $207.15 from the previous monthly high of $224. At the time of writing, the price was around $210. This comes as Chief Executive Mark Zuckerberg is preparing for visiting Europe to meet with EU officials in the course of the month.Facebook Stock Price Movements:...

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Facebook Stock Reacts Negatively as FTC Reportedly Weighing Injunction on Apps

The U.S. Federal Trade Commission (FTC) said on Thursday it is considering the possibility to seek a preliminary injunction against social network Facebook Inc., claiming it is acting anticompetitive by integrating other social apps in its network.Besides its social network, the tech giant owns Instagram, Messenger and WhatsApp and this injunction wants to ban Facebook from further integrating new applications.According to a Wall Street Journal, in a situation where this would become an...

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Libra Is an Important Crypto Project, Coinbase CEO Says

A rather inspiring presentation from the head of Facebook’s Libra David Marcus seems to have inspired someone else as well and neither more nor less – Coinbase CEO himself. Yes, you’ve heard it right, Brian Armstrong came out as a real supporter of this, still developing stablecoin.The thing is that Libra is often represented as a project that carries labels such as “alienating”, “controversial” or even “poisonous”. Even though it still hasn’t come out at the light of the day, it has already...

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Libra Finds an Unlikely Ally in Coinbase’s CEO as Facebook Calls for a New Financial System

Following a rousing presentation from David Marcus - the head of Facebook's Libra - Coinbase CEO Brian Armstrong has come out in support of the developing cryptocurrency.Libra is often depicted as a pretty divisive and maligned project. It's not shocking to think that a cryptocurrency with plans of financial domination - emanating from a company with a checkered past of privacy problems - has regulators and citizens up in arms. Nonetheless, Libra now has at least one supporter, Coinbase's CEO...

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Facebook’s Libra to Be Tied to Major Fiat Currencies, Except Chinese Yuan

When Facebook unveiled its Libra whitepaper back in June 2019, it already announced that it will be backed by a number of global fiat currencies. However, this time, the social media giant has shared additional details about the Libra’s fiat-pegged options.As per the Bloomberg report, Facebook told the U.S. senators that each Libra token will be supposedly tied to fiat currencies like Euro, Yen, British Pound, U.S. Dollar, and Singapore Dollar. However, the Chinese Yuan is exempted from the...

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