social network

CoinLinked seeks to raise $5m in regulated Security Token offering

Blockchain-based social network and commerce platform CoinLinked plans to raise $5 million in a regulated security token offering (STO). The California tech company will allow accredited U.S. investors (Reg D) and qualified non-U.S. investors (Reg S) to participate in the Series A funding round. Launched in May this year by Wall St. veteran and CoinLinked …

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Instagram starts labeling ‘state-controlled media’ accounts and posts

Wachiwit via Getty Images Over the last week, Instagram has started labeling state-backed media, following through on a policy the company’s parent Facebook announced last October and started implementing on its own social media network this past June.  The labels were first spotted by journalist Casey Michel. Users in the US will see them appear …

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Facebook leak hints at its defense against a government-ordered breakup

Christoph Dernbach/picture alliance via Getty Images Facebook is under intense regulatory pressure, and it appears to be bracing itself for the worst. The Wall Street Journal says it has obtained a document outlining Facebook’s defense if the government orders a breakup that would unload Instagram and WhatsApp. The social media giant would reportedly argue that …

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Twitter has ‘more analysis to do’ after algorithm shows possible racial bias

Rafael Henrique/SOPA Images/LightRocket via Getty Images Twitter is learning first-hand about the challenges of eliminating racial bias in algorithms. The social network’s Liz Kelley said the company had “more analysis” to do after cryptographic engineer Tony Arcieri conducted an experiment suggesting Twitter’s algorithm was biased in prioritizing photos. When attaching photos of Barack Obama and …

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Trump approves TikTok deal with Oracle and Walmart ‘in concept’

Sheldon Cooper/SOPA Images/LightRocket via Getty Images TikTok appears to have avoided a US ban at the last minute… probably. President Trump has agreed to a deal “in concept” (via CNBC) that theoretically allays US security issues while letting it operate in the country. True to earlier discussions, Oracle and Walmart would claim a 20% investment …

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TikTok’s owner might refuse to sell its algorithm to a US buyer

Sheldon Cooper/SOPA Images/LightRocket via Getty Images If TikTok wants to sell itself to a US company and avoid a potential ban, it might have to leave behind one of its most important pieces of code. South China Morning Post sources claim TikTok’s parent, ByteDance, won’t sell or transfer the social video service’s recommendation algorithm to …

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Twitter bans far-right extremist group the Oath Keepers

Scott Olson via Getty Images Twitter has banned the accounts of far-right extremist group the Oath Keepers and its founder, Stewart Rhodes. According to the Southern Poverty Law Center, the group is one of the US’s largest anti-government movements. It claims to have tens of thousands of members, many of whom identify as former law enforcement …

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TikTok will sue the US over threatened ban

Budrul Chukrut/SOPA Images/LightRocket via Getty Images TikTok’s paths to staying alive in the US apparently include taking the government to court. In the wake of a Reuters report, TikTok has confirmed to CNBC that it plans to sue the Trump administration over an executive order banning transactions with parent company ByteDance. The lawsuit could be …

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Instagram starts merging chats with Facebook Messenger

Jakub Porzycki/NurPhoto via Getty Images Facebook seems to be acting on its plan to unify messaging across its apps, however slowly. People at The Verge (and likely elsewhere) have received notice through Instagram’s Android and iOS apps that they’ll have the ability to “chat with friends who use Facebook” — that is, Messenger. The signature …

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Facebook removes massive QAnon group over hate and harassment claims

Omar Marques/SOPA Images/LightRocket via Getty Images Facebook just took down one of the larger targets in its crackdown on QAnon conspiracy theories. The social network told Reuters that it had removed Official Q/Qanon, a group with almost 200,000 members, after multiple posts reportedly violated policies against harassment, hate, and potentially harmful misinformation. The shutdown took …

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