Tag: Facebook

Welcome to the Age of Technofeudalism
Technology

Welcome to the Age of Technofeudalism

The tech giants have overthrown capitalism. That’s the argument of former Greek finance minister Yanis Varoufakis, who became famous trying to defend debt-laden Greece from its German creditors. Varoufakis has never quite regained the notoriety of 2015. But he has remained a prominent left-wing voice. After a failed campaign for a seat in the European Parliament in 2019, he plans to run again this June. This time, his adversary isn’t Berlin or the banks. It’s the tech companies he accuses of warping the economy while turning people against one other.Courtesy of Penguin Random HouseVaroufakis is also a prolific author; his 17th book, written as a letter to his techno-curious father, chronicles the evolution of capitalism from the 1960s advertising boom, through Wall Street in the 1980s, to...
US Navy Veteran Who Feds Say Rammed FBI Headquarters Had QAnon-Linked Online Presence
Technology

US Navy Veteran Who Feds Say Rammed FBI Headquarters Had QAnon-Linked Online Presence

A former Navy submarine technician was arrested after law enforcement says he drove an SUV into the FBI headquarters near Atlanta on Monday afternoon. It is still unclear why the suspect, Ervin Lee Bolling, attempted to force entry into the headquarters, but research conducted by the nonpartisan public-interest nonprofit Advance Democracy and shared exclusively with WIRED has found that accounts believed to be associated with Bolling shared numerous conspiracy theories on social media platforms, including X and Facebook.Just after noon on Monday, Bolling rammed his burnt-orange SUV with South Carolina license plates into the final barrier at FBI Atlanta’s headquarters, wrote Matthew Upshaw, an FBI agent assigned to the Atlanta office, in a sworn affidavit on Tuesday. Upshaw added that aft...
Social media apps made $11 billion from children and teens in 2022
Money

Social media apps made $11 billion from children and teens in 2022

When it comes to children's mental health and privacy, their loss translates into massive gains for social media companies: $11 billion, to be exact.That's according to a new Harvard study that shows social media platforms last year generated $11 billion in revenue from advertising directed at children and teenagers, including nearly $2 billion in ad profits derived from users age 12 and under. Snaphat, TikTok and Youtube reaped the highest share of those billions, approximately 30% - 40% combined, according to the findings.  "Although social media platforms may claim that they can self-regulate their practices to reduce the harms to young people, they have yet to do so, and our study suggests they have overwhelming financial incentives to continue to d...
Overseas Job Seekers: Overseas job seekers take note! Recruitment agents can’t charge you more than this amount
Business

Overseas Job Seekers: Overseas job seekers take note! Recruitment agents can’t charge you more than this amount

Overseas jobs: To address increasing exploitation and overcharging by unregistered recruitment agents, the Indian government has taken steps to safeguard overseas job seekers. In a press release dated December 14, the Ministry of External Affairs (MEA) emphasised the issue of fake job offers and excessive fees, ranging from Rs 2 to 5 lakhs, imposed by unregistered agents.MEA warns of unregistered agents exploiting job seekers abroadAccording to the MEA release, it was highlighted that unregistered agents operate without the necessary licence from the Ministry of External Affairs, which is mandatory for recruiting workers for jobs abroad. These agents often use platforms like Facebook and WhatsApp, making it difficult to confirm their legitimacy and locate them. They frequently attract wor...
How Not to Be Stupid About AI, With Yann LeCun
Technology

How Not to Be Stupid About AI, With Yann LeCun

Once we get computers to match human-level intelligence, they won’t stop there. With deep knowledge, machine-level mathematical abilities, and better algorithms, they’ll create superintelligence, right?Yeah, there's no question that machines will eventually be smarter than humans. We don't know how long it's going to take—it could be years, it could be centuries.At that point, do we have to batten down the hatches?No, no. We’ll all have AI assistants, and it will be like working with a staff of super smart people. They just won't be people. Humans feel threatened by this, but I think we should feel excited. The thing that excites me the most is working with people who are smarter than me, because it amplifies your own abilities.But if computers get superintelligent, why would they need us...
Oversight Board Criticizes Meta’s Automated Moderation in Israel-Hamas War
Technology

Oversight Board Criticizes Meta’s Automated Moderation in Israel-Hamas War

Today, Meta’s Oversight Board released its first emergency decision about content moderation on Facebook, spurred by the conflict between Israel and Hamas.The two cases center around two pieces of content posted on Facebook and Instagram: one depicting the aftermath of a strike on Al-Shifa Hospital in Gaza and the other showing the kidnapping of an Israeli hostage, both of which the company had initially removed and then restored once the board took on the cases. The kidnapping video had been removed for violating Meta’s policy, created in the aftermath of the October 7 Hamas attacks, of not showing the faces of hostages, as well as the company’s long-standing policies around removing content related to “dangerous organizations and individuals.” The post from Al-Shifa Hospital was removed...
Malaysia asked Meta, TikTok to remove more content in 2023
Business

Malaysia asked Meta, TikTok to remove more content in 2023

KUALA LUMPUR: Facebook-owner Meta and China's TikTok restricted a record number of social media posts and accounts in Malaysia in the first six months of 2023, data published by the firms showed, amid a jump in government requests to remove content. Malaysia PM Anwar Ibrahim's administration, which came to power in November 2022 on a reformist platform, has faced accusations of backpedalling on its promises to protect freedom of speech amid increased scrutiny of online content in recent months. The government has denied allegations of stifling dissent online, saying it wanted to curb provocative posts that touch on race, religion and royalty.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (fun...
Facebook and Instagram are steering child predators to kids, New Mexico AG alleges
Money

Facebook and Instagram are steering child predators to kids, New Mexico AG alleges

Meta accused of engineering social media platforms to hook kids Meta accused of engineering social media platforms to hook kids 00:33 Facebook and Instagram are steering children to explicit content even when no interest is expressed, and are enabling child predators to find and contact minors, New Mexico Attorney General Raúl Torrez claimed Wednesday in announcing a lawsuit against parent company Meta Platforms and CEO Mark Zuckerberg. Children are pressed by predators into providing ...
Bartender To Instagram Head, A Look At Adam Mosseri’s Inspirational Journey
Business

Bartender To Instagram Head, A Look At Adam Mosseri’s Inspirational Journey

Curated By: Business DeskLast Updated: December 05, 2023, 10:11 ISTMosseri joined Facebook in 2008.In 2020, Adam Mosseri was listed in the Tech category of Fortune's '40 Under 40' list.Instagram has become an integral part of our lives. Many of us are addicted to it and the mad rush to upload photos and videos after any event is seen everywhere. Instagram is the fourth most popular social media app in the world today. This social media app, started by Kevin Systrom and Mike Krieger in 2010, is now headed by Adam Mosseri. Even though very few people are familiar with him, everyone should be aware of his inspirational story. In 2008, Adam Mosseri began his career at Facebook. However, he had previously worked in different countries worldwide, including India.Adam Mosseri studied Media and...