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The trade group representing Silicon Valleys biggest companies will disband, even as tech enters a new era of intense regulatory scrutiny in the nations capital. The Internet Association has fought for techs interests in Washington for the last nine years, lobbying lawmakers to advance the combined interests of Facebook, Amazon, Google, Airbnb, Uber, Twitter, Ebay, []
Facebook is notifying nearly 50,000 users in more than 100 countries that they may have been targets of hacking attempts by private surveillance companies working for

Meta releases Bean Machine to help measure AI model uncertainty

07:40pm, Thursday, 16'th Dec 2021 VentureBeat
Meta (formerly Facebook) has released Bean Machine, a tool designed to help measure uncertainty in AI and machine learning models.
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Spotlight Asset Group Inc. reduced its stake in shares of Meta Platforms Inc. (NASDAQ:FB) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,776 shares of the social networking companys stock after selling 1,572 shares during the period. Meta Platforms comprises 4.9% of []

Moscow Court Orders Twitter, Meta, TikTok To Pay More Fines For Failing To Delete Content

03:56pm, Thursday, 16'th Dec 2021 Radio Free Europe Documents and Publications
A court in Moscow has ordered Twitter, Facebook''s owner Meta, and TikTok to pay more fines for violating the countrys rules on banned content.
Taking into account previous fines imposed on the company by Russian courts, their total volume reaches 83 mln rubles ($1.13 mln)
Join us in another AMA with Bic Capital to have a clearer view of the project. 13:00 UTC on December 18th, 2021 Our AMA session will be Continue reading on Medium »

Facebook whistleblower Frances Haugen has book deal

11:01am, Thursday, 16'th Dec 2021 Midland Daily News
NEW YORK (AP) The former Facebook manager who startled the world this fall by leaking tens of thousands of internal documents and accusing her former employer of caring more about money than about public safety has a book deal. Little, Brown and Company announced Thursday that it had acquired a planned memoir, offering a critical examination of Facebook, by Frances Haugen. The book does not yet have a title or release date. Financial terms were not disclosed. During my time at Facebook I realized a devastating truth: almost nobody outside of Facebook knows what happens inside of Facebook. They operate in the dark," Haugen said in a statement. "They win by keeping their systems closed without oversight or transparency, by shrouding their operations in secrecy and PR spin. I came forward because I believe that every human being deserves the dignity of the truth and the truth is that Facebook buys its astronomical profits by sacrificing our safety. But it does not have to be this way these problems are solvable.

Spending real money on virtual property in the metaverse

10:02am, Thursday, 16'th Dec 2021 The Sun Daily
FACEBOOK renamed itself Meta in November. That has caused a tsunami of money to flow into the metaverse as investors snapped up virtual real estate hoping its value will soar. Within days, metaverse property developer Republic Realm handed over RM18.2 million (US$4.3 million) to a seller of digital land in the virtual world called Sandbox. Become a real millionaire developing virtual real estate People have bought virtual land in virtual worlds for nearly two decades. Worlds and games like Entropia Universe, Mirandus, Sandbox, and Decentraland have all offered this capability in some way. Virtual worlds may exist entirely online, but they work just like a real-world real estate market. Probably, the first person to mint a real-world fortune from virtual real estate was a former schoolteacher and virtual real estate developer named Ailin Graef. Back in 2005, the China-born German invested RM42 on real estate in the game world of SecondLife. Within a year, her virtual property empire had grown enough to turn her into a real-life US-dollar millionaire.
Dublin, Dec. 16, 2021 (GLOBE NEWSWIRE) -- The "Global FinTech Investment Market 2021-2025" report has been added to ResearchAndMarkets.com''s offering. The global fintech investment market is poised to grow by $54.56 billion during 2021-2025, progressing at a CAGR of 7.76% during the forecast period.
After Facebook and WhatsApp, Metas other big wing, Instagram, achieved 2 billion active userbases. Some anonymous employees of Instagram tipped this off to CNBC. One of them revealed that the platform had crossed this mark before Facebooks renaming to Meta but chose not to boast publicly since its facing the wrath of authorities lately. Instagram [] The post Instagram Hits 2 Billion Active Users, Revealed By an Employee appeared first on TechDator .
Misinformation has poured in from Mali following France''s partial military withdrawal from the country. This time, a Facebook post claims that the French are supplying terrorists in the region. The same video has also been used for similar claims circulating online in Nigeria. So where was this helicopter really doing? We tell you more in this edition of Truth or Fake.
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