Josh Constine
Josh Constine
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What the Facebook Crypto team could build

What the Facebook Crypto team could build

the blockchain, but how? Back in May, Facebook  to explore the possibilities, and today it removed a roadblock to revealing its secret plans.Former head of Messenger David Marcus, who leads the Facebook Crypto team, today announced he was stepping down from the board of Coinbase, the biggest crypto startup. Marcus was formerly the president of PayPal and helped Facebook Messenger adopt chatbot commerce and peer-to-peer payments, so he was both a natural choice for Coinbase’s board and Facebook’s blockchain skunklabs.Facebook told this was to avoid the appearance of a conflict of...

August 13, 2018
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Facebook deletes Brazil president's coronavirus misinfo post

Facebook deletes Brazil president's coronavirus misinfo post

Facebook has diverted from its policy of not fact-checking politicians in order to prevent the spread of potentially harmful coronavirus misinformation from Brazilian President Jair Bolsonaro. Facebook made the decisive choice to remove a video shared by Bolsonaro on Sunday where he claimed that “hydroxychloroquine is working in all places.” That’s despite the drug still undergoing testing to determine its effectiveness for treating COVID-19, which researchers and health authorities have not confirmed.“We remove content on Facebook and Instagram that violates our Community Standards, which...

March 31, 2020
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Now Facebook says it may remove Like counts

Now Facebook says it may remove Like counts

Facebook could soon start hiding the Like counter on News Feed posts to protect users’ from envy and dissuade them from self-censorship. in 7 countries including Canada and Brazil, showing a post’s audience just a few names of mutual friends who’ve Liked it instead of the total number. The idea is to prevent users from destructively comparing themselves to others and possibly feeling inadequate if their posts don’t get as many Likes. It could also stop users from deleting posts they think aren’t getting enough Likes or not sharing in the first place.Facebook prototypes hiding like counts...

September 3, 2019
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Facebook will pay Reuters to fact-check Deepfakes and more

Facebook will pay Reuters to fact-check Deepfakes and more

Eye-witness photos and videos distributed by news wire Reuters already go through an exhaustive media verification process. Now the publisher will bring that expertise to the fight against misinformation on Facebook. Today it the new Reuters Fact Check business unit and blog, that it will become one of the third-party partners tasked with debunking lies spread on the social network.The four-person team from Reuters will review user generated video and photos as well as news headlines and other content in English and Spanish submitted by Facebook or flagged by the wider Reuters editorial...

February 13, 2020
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Leaked pics reveal Google smart debit card to rival Apple's

Leaked pics reveal Google smart debit card to rival Apple's

Would you pay with a “Google Card?” TechCrunch has obtained imagery that shows Google is developing its own physical and virtual debit cards. The Google card and associated checking account will allow users to buy things with a card, mobile phone or online. It connects to a Google app with new features that let users easily monitor purchases, check their balance or lock their account. The card will be co-branded with different bank partners, including CITI and Stanford Federal Credit Union.A source provided TechCrunch with the images seen here, as well as proof that they came from Google....

April 17, 2020
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Arweave's permaweb stops coronavirus censorship, raises $8M

Arweave's permaweb stops coronavirus censorship, raises $8M

The Chinese government has been removing criticism of its coronavirus response from apps like Weibo, the local equivalent of Twitter. But before it can, that content is being saved, decentralized and highlighted thanks to Arweave’s permaweb. Today it’s another $8.3 million in funding from Andreessen Horowitz, Union Square Ventures and Coinbase Ventures.has developed a new type of blockchain based on Moore’s Law of the declining cost of data storage. Users pay upfront for a hundred years of storage at less than a cent per megabyte, and the interest that accrues will cover the dwindling...

March 7, 2020
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Reddit raises $300 million from Tencent at $3 billion value

Reddit raises $300 million from Tencent at $3 billion value

Last week $150 million from Chinese tech giant Tencent and up to $150 million more in a Series D that would value the company at $2.7 billion pre-money or $3 billion post-money. After no-commenting on our scoop, today Reddit confirmed it has raised $300 million at $3 billion post-money, with $150 million from Tencent.The deal makes for an odd pairing between one of the architects of China’s Great Firewall of censorship and one of America’s most lawless free-speech forums. Some Redditors are already by trying to post content that would rile Chinese’s internet watchdogs, like imagery from...

February 13, 2019
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Reddit raising over $150 million at a $2.7 billion valuation

Reddit raising over $150 million at a $2.7 billion valuation

Reddit is raising $150 million to $300 million to keep the front page of the internet running, multiple sources tell TechCrunch. The forthcoming Series D round is said to be led by Chinese tech giant Tencent at a $2.7 billion pre-money valuation. Depending on how much follow-on cash Reddit drums up from Silicon Valley investors and beyond, its post-money valuation could reach an epic $3 billion.As more people seek esoteric community and off-kilter entertainment online, Reddit continues to grow its link-sharing forums. Indeed, 330 million monthly active users now frequent its 150,000...

February 8, 2019
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The greedy ways Apple got to $1 trillion

The greedy ways Apple got to $1 trillion

richest company ever with $243 billion in cash, Apple sure cuts corners in the stingiest ways. The hardware giant became the . Yet it’s tough to reconcile Apple earning $11 billion in profit per quarter with it still screwing us over on cords and keyboards. The “it just works” philosophy has slipped through the cracks of the money-printing machine. It’s not that Apple couldn’t afford to fix the problems, it’s just ensnared in hubris such that it doesn’t see them as important.We still turn to Apple because it makes the best core products. But the edges of the customer experience have frayed...

August 4, 2018
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Facebook fact-check feud erupts over Trump virus 'hoax'

Facebook fact-check feud erupts over Trump virus 'hoax'

Who fact-checks the fact-checkers? Did Trump call coronavirus the Democrats’ “new hoax”?Those are the big questions emerging from a controversial “false” label applied to Politico and NBC News stories by right-wing publisher The Daily Caller. Its Check Your Fact division is a Facebook fact-checking partner, giving it the power to flag links on the social network as false, demoting their ranking in the News Feed as well as the visibility of the entire outlet that posted it.against Facebook’s decision to admit The Daily Caller to the fact-checking program last April due to its history of...

March 4, 2020
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