Displaying items by tag: Mark Zuckerberg

The objections to Elon Musk buying Twitter can be distilled down to one simple thing: his policies will remove the objections to the return of Donald Trump to the platform. Which for the mainstream in the US — and hence the mainstream in all acolyte countries — means the end of civilisation as we know it.

Published in Open Sauce

Tesla chief executive Elon Musk says his offer to buy Twitter for about US$43 billion (A$58 billion), and take it private, is driven by a desire for the public good.

Published in Market

Social media giants Facebook and Snapchat reveal their data shows social media consumption is moving increasingly to highlighted content, and away from friends.

Published in Listed Tech
Saturday, 05 February 2022 14:58

Facebook parent Meta loses $332 billion in one day

Facebook's parent company Meta experienced its biggest one-day loss in trading since it debuted on Wall St in 2012. The company saw a whopping 26% slump, taking $332 billion $US237 billion) off its market value. Zuckerberg saw a $40 billion loss.

Published in Listed Tech

Australian billionaire mining magnate Andrew "Twiggy" Forrest AO has launched criminal action against Facebook over scam cryptocurrency advertisements that used his image, claiming Facebook has breached anti-money laundering laws.

Published in Market

Facebook's parent company is now Meta, a Greek word for "after" or "beyond", and it is Facebook's way of redefining its future, embracing AR and VR, distancing itself from past Facebook scandals, staking a claim to be revolutionarily forward thinking, and more.

Published in Business IT

Facebook has announced that it will be putting off the planned launch of a version of Instagram for children, after a backlash against the plan grew in the US.

Published in Technology Regulation

Facebook has once again shown the Australian Government that it cares little about any edicts Canberra may have issued, snubbing SBS and The Conversation when they sought deals with the social media giant under the news media content legislation.

Published in Open Sauce

Leaked data from Facebook shows that the company's founder, Mark Zuckerberg, uses the end-to-end encrypted messaging app Signal, according to a report in the Indian news magazine, India Today.

Published in Security

If the initial reaction to Facebook's sudden decision to cut Australians off from the site on Thursday was idiotic, it became even more ludicrous on Friday, with reactions from politicians and the media competing to be dubbed the silliest of the lot.

Published in Open Sauce

Australian Prime Minister Scott Morrison has made his reaction known to the blocking of news content in the country by Facebook – in a post on Facebook.

Published in Open Sauce

Both Google and Facebook have demonstrated to the Australian Government in no uncertain terms who exactly is calling the shots in the stoush over the news media code, but in diametrically different ways.

Published in Open Sauce

Forty-eight US states, led by New York, have filed a lawsuit against Facebook claiming that the company has illegally stifled competition in order to protect its monopoly power.

Published in Government Tech Policy

When the Federal Government issued a discussion paper in September last year indicating that it wanted to use the same as the basis for drafting a new cyber security strategy for 2020, it was quite clear that what was being looked at was a bigger role for the Australian Signals Directorate.

Published in Open Sauce

Another confrontation may be brewing between the FBI and Apple, after the US domestic intelligence agency asked the company to help decrypt data on two iPhones which belong to a man named Mohammed Saeed Alshamrani who is suspected of carrying out a shooting that killed three people at the Naval Air Station in Pensacola, Florida last month.

Published in Security

Home Affairs Minister Peter Dutton has slammed the chief executives of Facebook and Apple, Mark Zuckerberg and Tim Cook respectively, accusing them of being "morally bankrupt on the issue of encryption and protecting children".

Published in Government Tech Policy

The US Government must hold Facebook chief executive Mark Zuckerberg accountable for all the problems that the social media site has visited upon its users, Chris Hughes, a co-founder of the company, says in an op-ed, in which he also called for the company to be broken up.

Published in Technology Regulation

Whenever Facebook founder Mark Zuckerberg is faced with the prospect of losing money, he does something to distract people. This time, facing what could be a fine of as much as US$5 billion for privacy violations, Zuckerberg is flailing left and right and trying to spin things as best as possible.

Published in Open Sauce

Facebook's Mark Zuckerberg has a somewhat predictable way of dealing with what looks like an approaching crisis: write an op-ed that recommends some fanciful Utopian remedy for all the world's ills — that, presumably, will also cover Facebook — and hope that it will get enough traction to prevent regulation.

Published in Open Sauce

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