‘Trust’ was mentioned 69 times at Facebook’s Libra Senate hearing – nice

2019-7-18 14:28

In the 220-minute-long Senate hearing where Facebook’s head of Calibra, David Marcus, was grilled on the company’s “cryptocurrency” plans, the word trust was mentioned every two minutes on average, working out to 69 times in total.

Not all of these instances were focused on how people can’t or shouldn’t trust Facebook, though. In reality, about half of the times trust was mentioned, it was used in a derogatory manner by a Senator. The other half was Marcus defending the company’s position. On numerous occasions he argued how Libra will earn trust, or is supposedly designed to be trustworthy. If only…

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Mark Zuckerberg’s ‘new rules’ for the internet happen to benefit Facebook

Facebook has recently outlined how it intends to clean up its content, making much of the fact that it has expunged 3.3 billion fake profiles in the last six months. After 18 months of mounting criticism, culminating in Senator Elizabeth Warren’s promise to break up so-called Big Tech – she is now a leading contender to become the Democratic presidential nominee – can we take Mark Zuckerberg’s promise that this is only the start at face value?  To put it another way, can we trust the person whose stewardship of one of the world’s most powerful companies over the past… This story continues at The Next Web

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Why farmers hold the answer to making the personal data economy work

In the consumer world, personal data has been used as a “payment” for services, whether that be a Facebook account or a grocery discount or a loyalty rewards program. If you take the Facebook example, consumers “pay” for the service by supplying data which in turn makes the company money through ads that rely on this data.

2019-3-2 16:30


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