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Instagram Posts to be Reviewed by FB Fact-checkers

Details about the execution of Instagram's plan remain undisclosed as of now

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Instagram
Instagram app logo is displayed on a mobile screen in Los Angeles. VOA

In its efforts to reduce the spread of fake news, conspiracy theories, hate and misinformation on its platform, Instagram will soon start running potentially false posts past Facebook’s fact-checking partners and the News Feed Integrity team.

Now images with false information circulating on Facebook would be traced on Instagram using image recognition technology and questionable Instagram posts would be flagged and sent directly to Facebook’s fact checkers, Engadget reported on Monday.

With the total global user-base of one billion, the Facebook-owned messaging app has surfaced as a major platform which is being used to circulate fake news and misinformation worldwide.

Social Media
Chiara Valenzano, right, photographs her food as she has lunch with her friend Giulia Terranova at the ‘This is not a Sushi bar’ restaurant, in Milan, Italy, Oct. 16, 2018. At the restaurant, payment can be made according to the number of Instagram followers one has. VOA

This news comes within a week of Facebook and Instagram banned far-right extremists like Alex Jones for promoting or engaging in violence and hate.

To tighten the security against false news on its platform, Instagram is also considering adding pop-ups that appear when people search for misinformation, like anti-vaccine content.

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“Still, some say that’s not enough and want to see labels for photos that have been debunked or warnings that appear when users try to like or comment on those posts,” the report said.

Details about the execution of Instagram’s plan remain undisclosed as of now. (IANS)

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Facebook to Launch its Cryptocurrency Next Year: Report

According to Zuckerberg, Blockchain could give users more powers when granting data access to third-party apps

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Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Facebook, which owns WhatsApp and Instagram, is gearing up to launch its own cryptocurrency next year, the BBC reported on Friday.

Called “GlobalCoin,” the cryptocurrency would work with a new digital payments system in about a dozen countries starting in the first quarter of 2020.

Facebook has been in contact with US and British financial regulators to launch it.

According to the BBC, Facebook is in touch with “Bank of England governor Mark Carney and officials at the US Treasury”.

With over two billion users across its platforms, Facebook could emulate WeChat in China which allows its users to chat, shop and play games without leaving its platform.

The Facebook cryptocurrency would need to overcome numerous technical and regulatory hurdles before it can be launched.

According to media reports, the Facebook currency could be designed to be a “stablecoin” with a value pegged to US currency in an attempt to minimize volatility.

A report last week said Facebook has reportedly set up a company called Libra Networks in Switzerland that is developing payments and Blockchain systems for the social networking giant.

virtual currencies, bitcoin, investors
Bitcoin is a cryptocurrency and worldwide payment system. Wikimedia Commons

According to a report in CNET quoting Swiss publication Handelszeitung, the Facebook cyrptocurrency would be tied to the US dollar and could, therefore, remain stable unlike Bitcoin which has crashed.

“Facebook set up Libra Networks in Geneva several weeks ago. Libra is the social network’s internal project name for the digital currency,” the report said.

The Swiss company would focus on developing the software and hardware for currency-related functions like payments, Blockchain, analytics, big data and identity management.

Facebook declined to comment on the new report.

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According to a report in The Wall Street Journal earlier this month, the social media giant is “recruiting dozens of financial firms and online merchants” towards its cryptocurrency-based system that would use a digital coin similar to Bitcoin.

The New York Times reported in February that Facebook had a team of 50 people working on its virtual currency project.

In a public interview with Harvard Law professor Jonathan Zittrain in February, Facebook CEO Mark Zuckerberg said he is “potentially interested” in putting the Facebook login on the Blockchain technology.

According to Zuckerberg, Blockchain could give users more powers when granting data access to third-party apps. (IANS)