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Big tech companies are at war with employees over remote work

Enlarge / Apple offices in northern California. Apple All across the United States, the leaders at large tech companies like Apple, Google, and Facebook are engaged in a delicate dance with thousands of employees who have recently become convinced that physically commuting to an office every day is an empty and unacceptable demand from their …

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Facebook’s next hardware product will be “smart” Ray-Ban glasses

Enlarge / Don’t get too excited about how well these Ray-Bans go with Gitta Banko’s outfit—we don’t know what Facebook’s new smart glasses will look like, only that they’re made in partnership with the brand and its parent company. Streetstyleshooters via Getty Images In an earnings conference call on Wednesday, Facebook CEO Mark Zuckerberg told …

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Facebook’s metaverse gambit is a distraction from its deep-seated problems

Enlarge / Mark Zuckerberg demonstrates an Oculus Rift headset at a 2016 event. David Paul Morris/Bloomberg via Getty Images Facebook mastered social media by giving people an easy way to share their offline lives with friends, family, and complete strangers on the Internet. So why is the company now trying to invent a virtual universe …

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Dapp for Diem blockchain partners with Polkadot infrastructure provider

The decentralized application aiming to connect Facebook’s Diem blockchain with public networks is partnering with node infrastructure provider Pinknode. In a Friday announcement, the Pontem Network said it would be working with Pinknode to provide node infrastructure through the Polkadot ecosystem. The network is aimed at allowing developers to use a Polkadot parachain as a …

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Bitcoin Still Commands the 9th Largest Market Capitalization in the World

<div class=”featured_image_container”> </div> <strong>Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away from …

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Former LA Dodgers owner earmarks $100M for blockchain-based social media

Frank McCourt, a billionaire real estate mogul and former owner of the Los Angeles Dodgers, is backing a new effort for a decentralized social media project based on blockchain technology. McCourt is investing $100 million into an attempt to reinvent the foundations of social media by building a publicly accessible database of people’s social connections …

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Facebook is a hub of sex trafficking recruitment in the US, report says

Enlarge Serhii Ivashchuk/Getty Images Facebook is the most commonly used social media platform for human sex trafficking recruitment in the US, according to a new report published by the Human Trafficking Institute. Last year, 59 percent of victims in active cases who were recruited through social media were found through Facebook, the report states, with …

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Facebook to end “Trump exemption” for politicians’ posts

Enlarge Chris Ratcliffe/Bloomberg via Getty Images Facebook has given politicians extreme leeway with what they can post, essentially treating them as a special class of user. Now, that policy will reportedly change, perhaps as early as today. The impetus for the change seems to be a looming deadline that Facebook’s Oversight Board gave the company regarding …

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ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

<div class=”featured_image_container”> </div> <strong>The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect of tech giants dominating payments through their …

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Big Tech sues Florida, saying social media law violates First Amendment

Enlarge Getty Images | s-cphoto Trade groups representing Facebook, Twitter, and other major websites have sued Florida to block a state law that makes it illegal for social media companies to ban politicians. The industry groups say the law violates the First Amendment—and legal experts have said the same, as we’ve previously written. Florida Gov. …

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