Tag: Facebook

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Chatgpt ‘Is the New Crypto,’ Meta Says Malware Actors Exploit AI Craze

A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot is “the new crypto” for bad actors and the social media giant is preparing for various abuses. Malware Inspired by Chatgpt…
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Meta SEC filing reveals debt securities offering plans

The Facebook parent company filed a prospectus that says it may offer and sell debt securities occasionally. Tech giant Meta, the parent company of Facebook, Instagram and WhatsApp, submitted a filing to the United States Securities and Exchange Commission (SEC) for new debt shelf offerings.  The Big Tech company filed the prospectus on May 1,…
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Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data

The Twitter chief alleged Microsoft scraped information from the platform to train its AI and sell the data to others. Microsoft has been threatened with a lawsuit from Tesla and Twitter CEO Elon Musk, who claimed the Big Tech firm “illegally” trained its artificial intelligence on Twitter data. On April 19, Musk tweeted that it…
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Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa

After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value,…
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Meta Winding Down Support for NFTs on Facebook, Instagram

U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens California-based technology conglomerate Meta is winding down support for digital collectibles…
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Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest

Senior representatives of Meta, the parent company of Facebook and Instagram, announced that the company will be shutting down the ability to buy and sell non-fungible tokens (NFTs) on both platforms, less than a year after the feature was introduced. Stephane Kasriel, the head of commerce and financial technologies at Meta, said in a tweet: ……
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Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership

On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo…
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Meta Reportedly Preparing for a New Round of Layoffs

Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output of employees of the company. Meta to…
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Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division

Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a “Year of Efficiency,” hinting at a further restructuration of the company to focus on its AI (artificial intelligence) and metaverse projects in the…
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Meta fined €265M for allowing scrapers to steal Facebook’s centralized user data

Blockchain and Web3 companies are attempting to prevent leaks like these in the future by creating alternative login processes and distributing necessary data collection in a highly decentralized way. The Irish Data Protection Commission (DPC) announced on Nov. 28 that it has fined Facebook developer Meta €265m for breach of the European Union’s General Data…
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