A new report of research conducted by the Italian analytics firm Ghost Data reveals the full extent of counterfeit fashion on marketplaces owned by Meta Industries (formerly Facebook), revealing thousands of accounts trafficking in falsely branded “designer” clothing and accessories. The report revealed over 26,000 active counterfeit fashion accounts on Facebook and over 20,000 on…
Facebook, Instagram Abound With Counterfeit Fashion, Report Says
February 10, 2022
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Meta, Chime File Lawsuit Against Alleged Phishing Scam on Facebook, Instagram
February 10, 2022
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Facebook parent Meta Platforms said on Tuesday it had filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts. The lawsuit, which is the first joint complaint between Meta and a financial services company, alleged that…
Peter Thiel Leaving Facebook Parent Meta; Biggest Chip Deal in History Has Collapsed | NTD Business
Peter Thiel, Silicon Valley billionaire and adviser to former President Donald Trump, is leaving the board of Facebook parent Meta. What could be next for him? Chipmaker Nvidia and Japan’s Softbank are calling off what would have been the biggest computer chip deal in history. Why did the deal collapse? The biggest day in advertising is…
Heritage Foundation Roadmap Would Bar Big Tech From Joint Ventures with CCP-Linked Firms
A former Facebook counter-terrorism expert who is now a Heritage Foundation technology scholar has a “roadmap” of “aggressive reforms to ensure that Big Tech is held accountable, provide scrutiny and oversight, and constrain its ability to reshape society.” Kara Frederick told The Epoch Times Feb. 8 that she researched and developed her report—”Combatting Big Tech’s…
‘Instagram Kids Must End Permanently,’ Religious Leaders Plead With Zuckerberg
February 8, 2022
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Over 75 religious leaders from a variety of faiths have sent a letter to Meta CEO Mark Zuckerberg calling for scrapping the plan to introduce an Instagram version targeting kids under the age of 13, citing emotional, physical, and spiritual damages. “It may be tempting to ride the wave of cultural commodification and optimistically tout…
PayPal Co-founder Peter Thiel Resigning From Meta’s Board of Directors
Billionaire tech entrepreneur Peter Thiel is resigning from the board of Facebook’s parent company Meta later this year, the company announced on Monday. Thiel, a co-founder of online payments system PayPal, was one of the earliest investors in Facebook and joined the company board in April 2005. He became a Facebook investor in 2004 when…
Waning Enthusiasm, Competition Weigh on Meta Stock in Earnings Fallout
Facebook’s parent company, Meta Platforms, extended its losses Monday, hovering around $230 a share, as the fallout from a rough earnings report intensifies. In its fourth-quarter report, the social media giant formerly known as Facebook confirmed earnings of $3.67 per share, down from $3.88 a share last year. Earnings also fell short of the market…
Austrian Antitrust Court Gives Green Light to Facebook’s Giphy Deal
February 7, 2022
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VIENNA—An antitrust court in Austria on Monday approved with conditions Facebook’s purchase of animated images platform Giphy, in a boost for the social media giant after a UK watchdog said the deal should be reversed. Facebook bought Giphy, a website for making and sharing GIFs, a type of animated image used often in social media…
Meta Says It Might Have to Pull Facebook and Instagram in Europe Over Data Transfer Rules
February 7, 2022
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Meta, formerly known as Facebook, might have to entirely stop operating Instagram and Facebook in Europe, the company warned in its filings with the U.S. Securities and Exchange Commission. The EU has strict data protection requirements regarding the transfer of personal data from Europe to the United States and in 2016, the EU and United States agreed…
Microsoft, Intel, GE Provide ‘Direct Support’ to Chinese Military, State Security Bodies: Report
February 5, 2022
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Eight major U.S. tech companies have business links to the Chinese military and security apparatus, according to a new report by the Washington-based advocacy group Victims of Communism Memorial Foundation (VoC), and Horizon Advisory consultant group. “In their endeavor to capture Chinese markets and boost their bottom lines, American corporations have increasingly supported Beijing’s military modernization,…
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