How Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency

Facebook unveiled its Libra cryptocurrency initiative today, which is part of an alternative financial system (including new subsidiary and wallet Calibra) it aims to build alongside industry and academic partners including Mastercard, PayPal, Visa, Uber, Andreessen Horowitz and Creative Destruction Lab. Facebook’s plans for Libra sound ambitious, risky and novel — but a predecessor exists […]

Twitter bags deep learning talent behind London startup, Fabula AI

Twitter has just announced it has picked up London-based Fabula AI. The deep learning startup has been developing technology to try to identify online disinformation by looking at patterns in how fake stuff vs genuine news spreads online — making it an obvious fit for the rumor-riled social network. Social media giants remain under increasing […]

Facebook releases community standards enforcement report

Facebook has just released its latest community standards enforcement report and the verdict is in: people are awful, and happy to share how awful they are with the world. The latest effort at transparency from Facebook on how it enforces its community standards contains several interesting nuggets. While the company’s algorithms and internal moderators have […]

What does ‘regulating Facebook’ mean? Here’s an example

Many officials claim that governments should regulate Facebook and other social platforms, but few describe what it actually means. A few days ago, France released a report that outlines what France — and maybe the European Union — plans to do when it comes to content moderation. It’s an insightful 34-page document with a nuanced […]

Chat app Line is adding Snap-style disappearing stories

Facebook cloning Snap to death may be old news, but others are only just following suit. Line, the Japanese messaging app that’s popular in Asia, just became the latest to clone Snap’s ephemeral story concept. The company announced today that it is adding stories that disappear after 24 hours to its Timeline feature, a social network-like […]

Facebook introduces ‘one strike’ policy to combat abuse of its live-streaming service

Facebook is cracking down on its live-streaming service after it was used to broadcast the shocking mass shootings that left 50 dead at two Christchurch mosques in New Zealand in March. The social network said today that it is implementing a “one strike” rule that will prevent users who break its rules from using the […]

Bitcoin has surged above $8,000 and theories around why abound

Bitcoin is now trading at around $8,130, up a whopping 60.84% over the past month, with the price surging $3,086.14 over the period. The cryptocurrency’s meteoric rise is reminiscent of its rocketing growth in the latter half of 2017, when prices reached more than $18,400 on the back of buoyant capital markets, rampant speculation and […]

Kargo is disrupting logistics in Myanmar, one of the world’s most challenging countries

Founders in Seattle recently bemoaned a lack of capital and support when compared to Silicon Valley — what about those building startups in more remote markets? Kargo, a company that takes the spirit of Uber and brings it to the disorganized world of trucking, has raised a SG$800,000 (US$580,000) round of funding, giving TechCrunch an […]

The EU will reportedly investigate Apple following anti-competition complaint from Spotify

The spat between Spotify and Apple is going to be the focus on a new investigation from the EU, according to a report from the FT. The paper reported today that the European Commission (EC), the EU’s regulatory body, plans to launch a competition inquiry around Spotify’s claim that the iPhone-maker uses its position as […]

Developers can now verify mobile app users over WhatsApp instead of SMS

Facebook today released a new SDK that allows mobile app developers to integrate WhatsApp verification into Account Kit for iOS and Android. This will allow developers to build apps where users can opt to receive their verification codes through the WhatsApp app installed on their phone instead of through SMS. Today, many apps give users […]