It was first reported last year that Facebook is developing a cryptocurrency of its own which would be backed by the U.S. dollar. Users will reportedly be able to transfer the coin to each other over WhatsApp. A new report mentions that Facebook’s plan for its stablecoin, a cryptocurrency that’s backed by an actual currency, go far beyond what was initially expected.
Facebook has been the subject of a Federal Trade Commission investigation into its privacy practices following the Cambridge Analytica scandal and other incidents. Earlier reports have suggested that the company could be looking at a multi-billion dollar fine. A new report suggests that the terms of its settlement may also include independent oversight of Facebook’s privacy practices.
Earlier this year, it was rumored that Facebook could be looking to unify some of its apps. This included WhatsApp, Instagram, and Messenger where the idea was that by unifying them, users could chat across them all at once. This is versus the current situation where each app is standalone and more or less separate from each other.
If you’re getting a bit bored of the way Facebook looks, you’re in luck because at the company’s annual F8 developer conference, they took the wraps off what appears to be a brand new upcoming design that they will be rolling out across all platforms, including mobile and the web versions of Facebook.
Last year, Facebook introduced Facebook Dating which is pretty much as the name suggests. Given how Facebook already has such a huge established user base, it made sense that they would try to leverage it in this manner. Now it seems that the company is rolling out new features to its Dating section.
Facebook Messenger has seen incredible improvement and growth ever since Facebook made the decision to unbundle it from the main app. The functionality has been enhanced considerably over the past few years and the company is now fulfilling a consistent demand from users. It’s going to release a dedicated Facebook Messenger app for the desktop.
Facebook has confirmed today that it will now start selling its Portal smart display outside the United States. It’s also adding new features to the device, some of which were confirmed at the company’s F8 developers’ conference today. The Portal and Portal+ have only been available in the United States and Canada so far.
Another day, another privacy investigation concerning Facebook. The New York attorney general’s office has confirmed that it has launched an investigation against Facebook’s “unauthorized collection of 1.5M of their users’ email contact databases.” The investigation has been announced following recent reports that Facebook had been scraping the contact list of some users who had joined the social network after 2016.
The FTC’s ongoing investigation into Facebook’s privacy practices has already been expected to cost the company a significant amount of money. A multi-billion dollar fine has been expected and there’s now a range in which this fine could fall between. FTC may fine Facebook up to $5 billion as it wraps up its investigating into the company’s data sharing practices following the explosive Cambridge Analytica scandal.
Facebook reported a security lapse last month in which it claims that “tens of thousands” of Instagram users’ passwords were stored in plain text and people who had access to certain internal systems could view them. The company has quietly revised the figure upwards considerably. It now says that “millions” of Instagram users’ passwords were stored in plain text in addition to “hundreds of millions of Facebook Lite users” and […]
At the moment, most of the major tech companies have their own digital voice assistants. Amazon has Alexa, Apple has Siri, Google has Google Assistant, Microsoft has Cortana, and Samsung has Bixby. Unsurprisingly, Facebook now wants in on the action and according to a report from CNBC, they have heard from their sources that the company is indeed developing its own voice assistant software.
Facebook Messenger does allow peer-to-peer payments but that’s no longer going to be possible in two major markets. The company has confirmed that it’s going to discontinue peer-to-peer Messenger payments in the United Kingdom and France later this year. It says that active users will be notified of the change in due course.
Earlier this year, it was revealed that Facebook was testing out a dark mode for its Messenger app. It was later revealed that users could “secretly” enable the feature with a trick, but the good news is that if you can appreciate dark mode on your apps, Facebook has announced that the feature is now live to all users.
Facebook appears to be testing a new way to view content in your News Feed and Stories on the social network. It may merge content from the two sources in a single, hybrid carousel that’s swipeable. So swiping will essentially replace scrolling on Facebook.