At Y Combinator’s Demo Day, The Age of Overpromises Is Over
Until very recently almost every YC startup pitched itself as a version of a billion-dollar entity, be it Airbnb, Uber, Paypal, WhatsApp or Alibaba. Now that framing is not gone, but much diminished, as many earlier knockoffs have failed to produce lasting value. The mega-companies remain unchallenged, … Read More
Sick messages left on WhatsApp group joking about gang rape and ‘race war’ that saw law society …
The messages were included in a private WhatsApp group and were shared on social media by student Arsalan Motavali. He reported the matter to the university and guild before publishing the messages on social media. The messages include references to sending black people home, using the most … Read More
WhatsApp co-founder tells everyone to delete Facebook
In 2014, Facebook bought WhatsApp for $16 billion, making its co-founders — Jan Koum and Brian Acton — very wealthy men. Koum continues to lead the company, but Acton quit earlier this year to start his own foundation. And he isn't done merely with WhatsApp — in a post on …
Facebook, Twitter, Snap: Social media stocks are in a free fall today
Today is a bad day if you're a popular social media platform. The fallout from revelations about the misuse of Facebook user data by Cambridge Analytica continues, and now government agencies are reportedly investigating Mark Zuckerberg's enormously powerful platform. But Facebook isn't the only … Read More
‘Black Panther’ Breaks Yet Another Record By Making Twitter History
Twitter reports that the Ryan Coogler-directed superhero story has surpassed Avengers: Infinity War and Star Wars: The Last Jedi andis the top-tweeted movie of 2018. Before the movie was even released, Twitter was flooded with the hashtag #WhatBlackPantherMeansToMe. Attendees of early … Read More
Why Twitter Stock Plunged Today
"Terrorist organizations such as Hamas and Hezbollah have moved to Twitter instead of Facebook," Shaked wrote in an emailed statement to Bloomberg on Tuesday. "Through Twitter, the terrorist organizations promote terror and incite to violence, including public activity that they carry out without fear.". Read More
Facebook’s Cambridge Analytica Controversy Could Be Big Trouble for the Social Network. Here’s …
Facebook is under fire this week over a controversy involving tens of millions of users' personal information. The drama began when the $500 billion company admitted Friday that data analysis firm Cambridge Analytica, which has close ties to President Trump's election campaign and right-leaning … Read More
The Facebook data breach wasn’t a hack. It was a wake-up call.
Facebook bears a huge amount of culpability for allowing CA to get its data to begin with. However, reports calling CA's data harvesting a “leak,” a “hack,” or a serious violation of Facebook policy are all incorrect. All of the information collected by the company was information that Facebook had …
Facebook has lost nearly $50 billion in market cap since the data scandal
The news that the data analytics firm that helped Donald Trump get elected president was able to amass data on 50 million users without their permission has sent Facebook's market value down nearly $50 billion since Friday. That's the stock's biggest two-day decline ever. As of market close on … Read …
Facebook’s Brand Is Becoming the Uber of Social Media, and That’s Not a Good Thing
Facebook and its founder Mark Zuckerberg have squandered the public's good will by downplaying just how compromised the platform was during the 2016 election. Next Article. –shares. Add to Queue. Facebook's Brand Is Becoming the Uber of Social Media, and That's Not a Good Thing. Image credit: … Read More