Saturday May 25, 2019
Home Lead Story Parliamentary...

Parliamentary Panel Doubts Facebook’s Ability to Prevent Misuse of its Platform

Members of the panel were not convinced that Facebook and its employees are behaving neutrally

0
//
Facebook, photos
This photograph taken on May 16, 2018, shows a figurine standing in front of the logo of social network Facebook on a cracked screen of a smartphone in Paris. VOA

A parliamentary panel on Wednesday raised grave concerns regarding Facebook’s ability to prevent misuse of its platform during the upcoming Lok Sabha elections and to proactively help the security agencies.

Sources said Facebook informed the parliamentary committee that it is a “hybrid company” and failed to clearly answer which regulatory framework applies to their content, advertising and marketing operations in India.

The social media company admitted it doesn’t “always get it right” regarding content moderation on its platform, they said.

Facebook Vice President (Global Public Policy) Joel Kaplan appeared before the Parliamentary Committee on Information Technology to explain what the social media giant and its subsidiaries — WhatsApp and Instagram — were doing to safeguard citizens’ rights across platforms.

“We are grateful to the honorable Parliamentary Committee for giving us the opportunity to show how we are preparing for the Indian elections and helping keep people safe,” he said in a statement.

Facebook
Facebook App on a smartphone device. (VOA)

The sources here also said that the committee members felt that despite all the apologies for past mistakes that Facebook has made, the social media platform still seems unwilling to be properly scrutinised and transparent.

Questions regarding insensitive tweets and public comments by Facebook employees were asked by the Parliamentary Standing Committee Chairman Anurag Thakur.

According to the sources, Kaplan apologised to the committee for remarks made by Facebook employees on terrorism and the Pulwama attacks.

Also Read- Apple Eases Repair Policy For iPhones With Third-party Batteries

“This is the right question for policy makers and companies to be grappling with right now. We are eager to engage on the right regulatory framework, we don’t have all the answers,” he told the panel.

Members of the panel were not convinced that Facebook and its employees are behaving neutrally, the sources added. (IANS)

Next Story

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

0
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.

Also Read- Microsoft Interns Make English Learning App

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)