Mashable: Facebook cofounder says the company’s cryptocurrency plans are ‘frightening’ . “One of Facebook’s most prominent critics is now sounding the alarm about the social network’s cryptocurrency plans. Facebook cofounder Chris Hughes, who made waves earlier this year when he called for the breakup of the company, is describing Facebook’s crypto plans as ‘frightening’ and warning that the endeavor could make the social media giant even more powerful.”
TechCrunch: Facebook adds new limits to address the spread of hate speech in Sri Lanka and Myanmar. “As Facebook grapples with the spread of hate speech on its platform, it is introducing changes that limit the spread of messages in two countries where it has come under fire in recent years: Sri Lanka and Myanmar. In a blog post on Thursday evening, Facebook said that it was ‘adding friction’ to message forwarding for Messenger users in Sri Lanka so that people could only share a particular message a certain number of times. The limit is currently set to five people.”
Neowin: UK calls out Facebook and eBay on fake reviews through their platforms. “It’s not at all surprising to learn that fake reviews have long found refuge online, thanks in part to loose monitoring by some of the big internet companies. Today, the UK’s Competition and Markets Authority (CMA) has urged Facebook and eBay, two of the world’s largest online brands, to purge their platforms of fake reviews.”
CNET: Facebook accused of stealing Calibra logo from online bank Current. “Current, an online banking company, has accused Facebook of borrowing its logo for the social network’s newly unveiled cryptocurrency play. The Calibra logo bears a resemblance to Current’s logo, the company tweeted Thursday, as reported earlier by CNBC.” I recommend this article if you haven’t done your daily eyeroll exercises yet.
BBC: Should we dislike the ‘Like’ button?. “Leah Pearlman draws comics about ideas like ’emotional literacy’ and ‘self-love’. When she began posting them on Facebook, her friends responded warmly. But then Facebook changed its algorithm – how it decides what to put in front of us. When social media is a big part of your life, an algorithm change can come as a shock.” One of those articles that’s a thousand times better than its headline.
The Verge: The Senate will hold a hearing next month on Facebook’s Libra currency. “On Wednesday, the Senate Banking Committee announced it will be holding a hearing next month to question witnesses over Facebook’s new cryptocurrency initiative, Libra.”
Virginia Tech: Study investigates lack of disclaimers on Facebook and Google’s advertising during the 2016 presidential election. “A cloak of mystery often shrouds the inner workings of technological giants, but sometimes clarity is in plain sight. A Virginia Tech research team recently uncovered conclusive details about the roles Facebook, Google, and the Federal Election Commission played in digital advertising around the U.S. presidential election of 2016.” This is quite an interesting read.