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Jack Ma asks Zuckerberg to ‘fix’ Facebook

Globalisation has not been inclusive enough in the past decades, but there are ways to fix it, Ma said

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Facebook one of the most popular apps in US. Pixabay
Facebook needs to fix itself. Pixabay
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Jack Ma, founder and chairman of Chinese e-commerce giant Alibaba Group, has asked Facebook CEO Mark Zuckerberg to “fix” the social networking giant that is mired in data breach controversy. Attending the Boao Forum for Asia annual conference, which runs from April 8 to 11, Ma told delegates that Zuckerberg should “really take it seriously”.

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Facebook was accused of leaking data to Cambridge Analytica earlier this year.

“It is the time to fix it. It is the time for the CEO to really take it seriously. I think the problems will be solved,” Ma said. Zuckerberg told Congress in written testimony on Monday that he was “responsible for” not preventing the social media platform from being used for harm, including fake news, foreign interference in elections and hate speech.

“We didn’t take a broad enough view of our responsibility and that was a big mistake,” Xinhua news agency quoted Zuckerburg as saying in a prepared testimony released by the US House Energy and Commerce Committee.

“It was my mistake, and I’m sorry. I started Facebook, I run it and I’m responsible for what happens here,” he said in the remarks he is expected to deliver in a hearing on Wednesday.

His apology came after the social media giant found itself embroiled in a widening scandal that a British data firm called Cambridge Analytica had improperly gathered detailed Facebook information on 87 million users, up from a previous estimate of more than 50 million.

Also Read: Facebook junks project to collect patients’ health data: Report

On US-China trade war, Ma said it was normal for the world’s two biggest economies to have problems with trade, but tackling them with a trade war is just like treating a flu with chemotherapies.

“You are not solving the problem of the cold, you are destroying the whole body, the whole system,” Ma made the comment while attending a dinner with International Monetary Fund Managing Director Christine Lagarde. Ma said that trade is about mutual respect and that nobody can stop globalisation.

“Trade is about rules and negotiations. If trade stops, war starts,” he said. Speaking of the US-China trade deficit, Ma dismissed the issue as a problem, citing economic growth and a low jobless rate in the US as well as huge profit made by US firms in the bilateral trade.

“Today as a businessman, I don’t feel that trade deficit is a problem,” he said. For her part, Lagarde also warned of the risk of temptation for inward policies, protectionism and closing off to the outside world.

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The social media app is in news for all the wrong reasons lately. VOA

She suggested reducing trade barriers in the service industry where there is “a big, big upside” in promoting openness. The executive also cautioned challenges to the global economy, including corporate debt and demographic change, saying that “the sun is shining, but we have to look at the cloud arising”.

Globalisation has not been inclusive enough in the past decades, but there are ways to fix it, Ma said. He also said the world is facing a lot of challenges from poverty, environment and technology, noting that innovation is the only way to solve these challenges and problems. IANS

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Facebook not yet ready with digital payments on Messenger in India

When launched, the new payments feature is set to give a tough competition to Paytm and other digital payment services like Google Tez

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The Facebook's image.
Facebook not ready for online payments. Pixabay

Facebook has no plans as of now to bring digital payment facility to its Messenger application in India, informed sources said on Thursday. “There are currently no tests planned for recharges or peer-to-peer payments on Messenger in India,” the sources told IANS.

Factor Daily had reported that Facebook has begun a beta version of recharge payments for mobile phone and other prepaid services on Messenger. “Mobile recharge option is a Facebook ‘Marketplace’ offering — which is actually going on as a pilot test which is right now available to only Android users in some regions,” the sources added.

The icon of Facebook.
Facebook has many fake profiles. Pixabay

Launched in 2016, Marketplace is a user-to-user exchange platform for buying and selling goods with others within the community. Currently, the peer-to-peer payment service on Messenger is available for its users in the US and the UK.

More than 1.3 billion people around the world are now using Facebook Messenger every month. The growth of Messenger now puts the app at par with Facebook-owned WhatsApp which also has over 1.3 billion monthly active users (MAUs). WhatsApp, however, has rolled out the testing phase of its digital payment feature in India — a first such move globally — which will be officially rolled out to its over 200 million Indian users in the days to come.

Also Read: Facebook introduces new privacy updates for EU users

When launched, the new payments feature is set to give a tough competition to Paytm and other digital payment services like Google Tez. The payments feature would take advantage of UPI (Unified Payments Interface) and include support by a number of banks, including the State Bank of India, ICICI Bank, HDFC Bank, and Axis Bank. IANS