Tuesday July 16, 2019
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Facebook to Unveil Transparency Tools For Electoral Ads in India

company said it will organise a series of workshops over the next six months in Singapore, Delhi, Nairobi, Berlin, New York, Mexico City and others, inviting experts and organisations who work issues such as free expression, technology and democracy, procedural fairness and human rights

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Facebook 'tricked' kids, parents to spend money on 'free' games: Report. VOA

Facebook will launch transparency tools for electoral ads in India next month to help prevent foreign interference and make political and issue advertising on its platform more transparent.

Advertisers will need to be authorised to purchase political ads and the social networking giant will give people more information about ads related to politics and issues.

“We will create a publicly searchable library of these ads for up to seven years. The library will include information on the range of the ads’ budget, number of people they reached and demographics of who saw the ad, including age, gender and location,” Samidh Chakrabarti, Director of Product Management, Civic Engagement at Facebook, said in a blog post on Monday.

Facebook said it is planning to set up two new regional operations centres, focused on election integrity, located in its Dublin and Singapore offices.

“This will allow our global teams to better work across regions in the run-up to elections.

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This photo shows a Facebook app icon on a smartphone in New York. VOA

“These teams will add a layer of defence against fake news, hate speech and voter suppression, and will work cross-functionally with our threat intelligence, data science, engineering, research, community operations, legal and other teams,” explained Katie Harbath, Global Politics and Government Outreach Director at Facebook.

The company said it will continue to expand its third-party fact-checking programme which covers content in 16 languages.

Also Read- Apple Spent $60 bn Supporting More Than 450,000 Jobs in US

“We have rolled out the ability for fact-checkers to review photos and videos in addition to article links, because we know multimedia-based misinformation is making up a greater share of false news,” said Facebook.

The company said it will organise a series of workshops over the next six months in Singapore, Delhi, Nairobi, Berlin, New York, Mexico City and others, inviting experts and organisations who work issues such as free expression, technology and democracy, procedural fairness and human rights. (IANS)

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Facebook Not Launch Libra Until Regulators are Fully Satisfied

Facebook has reportedly reached a whopping $5 billion settlement with the US FTC in the Cambridge Analytica privacy violations

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FILE - Attendees walk past a Facebook logo during Facebook Inc's F8 developers conference in San Jose, California, United States. VOA

Facebook is not going to launch its digital coin Libra unless regulators are fully satisfied and all necessary approvals are in place.

Under Facebook subsidiary Calibra, the social networking giant has planned to introduce a digital wallet for Libra. The wallet will be available on Messenger, WhatsApp and as a standalone app and is expected to be launched in 2020.

According to David Marcus, Head of Calibra who is set to face Senate Banking Committee over Libra concerns on Tuesday, US and state regulators will be involved when it comes to regulating services that offer Libra, reports The Verge.

Facebook is treating Libra as a “payment tool, not an investment”.

States would montior Calibra as a money transmitter, with the US Federal Trade Commission overseeing consumer protections, said Marcus.

“The Libra Association won’t keep personal data beyond basic transaction info and Facebook won’t share Calibra wallet info with the rest of the company,” Engadget quoted Marcus as saying.

US Federal Reserve Chair Jerome Powell has raised “serious concern” over Libra.

Facebook, Libra, Bitcoin
Bitcoin, which has risen in value for eight consecutive days, received a boost after Facebook has said it would offer its own cryptocurrency, the Libra coin by end of June 2020. Pixabay

Testifying before the House Financial Services Committee last week, Powell raised serious objections on Facebook cryptocurrency slated to arrive in 2020.

“I just think it cannot go forward without there being broad satisfaction with the way the company has addressed money laundering and other issues,” Powell told the House Financial Services Committee.

“Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,” Powell added.

Also Read: Researchers Develop Novel Statistical Method to Predict Floods and its Duration

In a letter sent to Facebook executives, US lawmakers have officially asked the social networking giant to cease all development of its Libra cryptocurrency.

Facebook has reportedly reached a whopping $5 billion settlement with the US FTC in the Cambridge Analytica privacy violations.

The report of the $5 billion settlement, the largest ever by the FTC against a tech company over privacy issues after a $22.5 million settlement with Google in 2012. (IANS)