Facebook | ForkLog

ForkLog 7 12.10.2021

Facebook agrees to grant regulators access to its algorithms to prove their safety

Facebook is prepared for tighter scrutiny to ensure its algorithms work as intended and do not harm users.

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ForkLog 7 06.10.2021

Whistleblower: Facebook uses algorithms to inflame hatred for profit

Facebook's algorithms fuel the spread of disinformation, incitement of hatred and ethnic violence for profit. Former product manager Frances Haugen told the US Senate, ABC News reports.

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ForkLog 4 05.10.2021

Facebook cites outage cause and says there is no evidence of data breach

Facebook, Instagram and WhatsApp have been fully restored after a major outage.

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ForkLog 5 04.10.2021

Facebook, WhatsApp and Instagram suffered a widespread outage

Users around the world reported an outage affecting Facebook. Problems also affected WhatsApp and Instagram services.

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ForkLog 11 27.08.2021

South Korea fines Facebook for illegal collection of biometric data

The Privacy Information Protection Commission of South Korea (PIPC) fined Facebook 6.46 billion won ($5.5 million) for using and storing users' biometric data without proper authorization.

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ForkLog 10 26.08.2021

Facebook to integrate NFTs into its digital wallet

Facebook is considering creating NFT-linked products and services. This was stated by David Marcus, head of the payments division, in an interview with Bloomberg.

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ForkLog 6 19.08.2021

David Marcus says Novi digital wallet ready for launch

David Marcus, head of Facebook's payments division, criticised the existing US financial infrastructure and said the Novi digital wallet is ready to launch.

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ForkLog 11 17.08.2021

Facebook to drop Diem in favour of third-party stablecoins

Novi Financial, the company behind the Diem project (formerly Calibra), is considering the possibility of collaborating with third-party stablecoin issuers.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 12 17.06.2021

Facebook develops algorithm to detect deepfakes and trace their source

A group of researchers from Facebook and Michigan State University have developed a method of reverse-engineering deepfakes that can not only detect a forgery but also identify the machine-learning model that produced it.

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ForkLog 15 28.05.2021

Study: Corporate digital currencies could be a viable alternative for large corporations

Under certain conditions, corporations' use of their own digital currency instead of fiat may be a viable solution. This finding comes from a Richmond Fed article. According to the authors, developing and launching the corresponding platform would require significant costs, including cybersecurity measures. In a low and stable inflation environment, corporations are better off using existing payment systems. The situation changes when these costs can be minimized, there is a broad customer base, and inflation rises, forcing consumers to shed fiat. Analysts estimate that for Amazon, issuing and using only its own digital currency would become economically viable if interest rates rise above 11% per year. The figure could be lower if the retailer increases its market share, presently estimated at 6%. Such high figures include substantial costs associated with regulatory compliance. Corporations' interest in issuing their own digital currencies lies in earning seigniorage, a feature of central banks. Among other reasons are increased customer loyalty, data collection, and reduced settlement risks.

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ForkLog 5 17.05.2021

Facebook Faces 56-Million-Ruble Fine in Russia for Failing to Remove Prohibited Content

Four more protocols have been filed with the Tagansky district justice of the peace court against Facebook over failure to remove information deemed prohibited in the Russian Federation.

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ForkLog 15 11.05.2021

Zuckerberg Names His Goats Max and Bitcoin

Facebook founder Mark Zuckerberg shared a photo of two goats named Max and Bitcoin. Social media users saw a hidden message in it.

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