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India’s conglomerate Reliance Industries has partnered with Facebook, Google, and fintech player Infibeam to set up a national digital payment network, said a report that came out on Saturday, citing unnamed sources. Last year, India’s central bank invited companies to forge new umbrella entities (NUEs) to create a payments network that would rival the system operated
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Internet freedom advocates on Friday warned new Indian social media regulations could pose a threat to freedom of expression, after New Delhi announced plans for tough new rules that could force platforms to remove content it deems objectionable. Under the new regulations — unveiled on Thursday and due to come into force in three months
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Facebook ended a one-week blackout of Australian news on its popular social media site on Friday and announced preliminary commercial agreements with three small local publishers. The moves reflected easing tensions between the US company and the Australian government, a day after the country’s parliament passed a law forcing it and Alphabet’s Google to pay local media
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The government on Thursday announced new rules to curb misuse of social media platforms, as it mandated firms to appoint grievance officer, disclose the first originator of the mischievous information and remove, within 24 hours, content depicting nudity or morphed pictures of women. Concerns have been raised about rampant abuse of social media platforms and
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One of the European Union’s most powerful data regulators has warned companies may yet face massive disruption to translatlantic data flows as a result of an EU court ruling last year, despite efforts by policymakers to avoid that outcome. Europe’s highest court last July ruled an EU-US data transfer agreement was invalid, citing concerns the
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Facebook’s oversight board has received a “user statement” for the case it is deciding about whether the social media company was right to indefinitely suspend former President Donald Trump’s Facebook and Instagram accounts, a board spokeswoman confirmed on Tuesday. Facebook handed the case to its independent board in January after it blocked Trump’s access to
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Gab instead of Twitter, MeWe over Facebook, Telegram for messaging and Discord for insiders – banned from mainstream platforms, US conspiracy and supremacist movements, many of which support Donald Trump, have shifted to networks that are more confidential, and harder to regulate. “The most extreme Trump supporters were already on alternative platforms,” said Nick Backovic,
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A week after popular audio chatroom app Clubhouse said it was taking steps to ensure user data couldn’t be stolen by malicious hackers or spies, at least one attacker has proven the platform’s live audio can be siphoned. An unidentified user was able to stream Clubhouse audio feeds this weekend from “multiple rooms” into their
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The chief executives of Facebook, Alphabet, and Twitter will testify before a US House panel on March 25 on “misinformation and disinformation plaguing online platforms.” A pair of House Energy and Commerce subcommittees will hold a fully remote joint hearing including Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey as Congress
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Facebook knew that its estimates of user numbers were unreliable and artificially high, but ignored the problem in order to generate more advertising revenue, companies said in legal documents unveiled Thursday. The social networking giant has been facing a class action lawsuit since 2018. The plaintiffs claim that the platform’s managers knew that its so-called
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Elon Musk called cash “dumb” when compared to Bitcoin. The Tesla CEO, who’s known for not holding back when it comes to his posts on social media, tweeted on Friday that Bitcoin “is simply a less dumb form of liquidity than cash.” He also suggested that fiat currency (government-issued currency) has “negative real interest” and
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Australia’s prime minister on Friday urged Facebook to lift its blockade of Australian users and return to the negotiating table with news publishing businesses, warning that other countries would follow his government’s example in making digital giants pay for journalism. Prime Minister Scott Morrison described Facebook’s move Thursday to prevent Australians accessing and sharing news
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Kavin Bharti Mittal, a scion of the family behind India’s second-biggest wireless operator, is planning to revive his struggling technology startup more than four years after it was valued at $1.4 billion (roughly Rs. 10,180 crores) by backers including Softbank Group. Since attaining unicorn status in 2016, New Delhi-based Hike has suffered a string of setbacks.
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