Tuesday, February 8, 2022

JOE BIDEN'S MINISTER OF PROPAGANDA AND OPEN BORDERS MARKY ZUCKERUNT IS MAD AS HELL!!! - Facebook Threatens to Shut Down Europe’s Access to Platforms over Data Dispute

 MARKY ZUCKERUNT = NEO-FASCIST 

AND JOE BIDEN'S CRONY PIG BILLIONAIRE!


Facebook Kills The Market Again! Crypto Booms On Bull News...





Zuck’s Mad: Facebook Threatens to Shut Down Europe’s Access to Platforms over Data Dispute

Zuckerberg to face pressure on taxes in meeting with Macron
AFP
2:45

Social media giant Facebook (now Meta) is reportedly considering shutting down access to its platforms including Instagram in response to EU regulations that may prevent the company from transferring user data to the U.S.

CNBC reports that Facebook is considering shutting down its services including Instagram in Europe if regulations prevent the company from transferring user data back to the U.S.

The Associated Press

(AP Photo/Marcio Jose Sanchez, File)

In its annual report last Thursday, Facebook issued a warning that the new legislation being developed by EU regulators could have an effect on the company, stating: “If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from Europe to the United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”

Facebook added that this “would materially and adversely affect our business, financial condition, and results of operations.” European lawmaker Axel Voss commented on the situation on Twitter, stating that “Meta cannot just blackmail the EU into giving up its data protection standards.” Voss added that “leaving the EU would be their loss.”

A Facebook spokesperson said on Monday that the company wished to remain in Europe and that it had raised this concern relating to data regulation in previous filings. “But the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the U.S. in order to operate global services,” the spokesperson said.

In 2020, Ireland’s Protection Commission sent a preliminary order to Facebook telling the company to stop transferring user data from the EU to the U.S. Nick Clegg, Facebook’s vice president of global affairs and communications, said in a blog post at the time:

The Irish Data Protection Commission has commenced an inquiry into Facebook controlled EU-US data transfers, and has suggested that SCCs cannot in practice be used for EU-US data transfers.

While this approach is subject to further process, if followed, it could have a far-reaching effect on businesses that rely on SCCs and on the online services many people and businesses rely on.

Read more at CNBC here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com


‘Divorced from Reality:’ Australian Court Rejects Facebook Claim that It Doesn’t Collect Data in Country

Facebook CEO Mark Zuckerberg arrives for the 8th annual Breakthrough Prize awards ceremony at NASA Ames Research Center in Mountain View, California on November 3, 2019. (Photo by JOSH EDELSON / AFP) (Photo by JOSH EDELSON/AFP via Getty Images)
JOSH EDELSON/AFP via Getty Images

An Australian court has rejected an appeal from Facebook attempting to overturn a ruling relating to the company’s infamous Cambridge Analytica scandal. The judge called Facebook’s argument that it doesn’t collect data on Australian users “divorced from reality,” saying: “It is not an outlier activity. It is one of the things ‘which makes Facebook work.'”

The Guardian reports that Facebook (now Meta) has lost a legal battle with Australian regulators over the company’s Cambridge Analytica scandal. An Australian court recently dismissed Facebook’s claims that it neither conducts business nor collects personal information of users in the country.

Mark Zuckerberg Smiles during testimony (Pool/Getty)

Facebook is being sued by the Office of the Australian Information Commissioner (OAIC) for breaching the privacy of over 300,000 Australian Facebook users. The case relates to the infamous 2018 scandal in which the data analysis firm Cambridge Analytica allegedly obtained the user data of approximately 87 million users.

The OAIC announced its lawsuit against Mark Zuckerberg’s company in 2020, alleging “serious and/or repeated interferences with privacy in contravention of Australian privacy law.” The OAIC aimed to sue Facebook Inc. in the U.S. and its Irish subsidiary. The Masters of the universe have attempted to have the case against it thrown out claiming that it does not collect or hold personal information in Australia so cannot be sued under Australian laws.

This argument was thrown out by the Australian court this week, describing Facebook’s case as “divorced from reality.” Justice Nye Perram said in his reasoning for the ruling:

There is a readily available inference that Facebook Inc installs cookies on devices in Australia on behalf of Facebook Ireland as part of its business of providing data processing services to it.

Further, it is clear that Facebook Ireland’s use of cookies (installed and removed by Facebook Inc) forms an important part of the operation of the Facebook platform.

It is not an outlier activity. It is one of the things ‘which makes Facebook work’.

Read more at the Guardian here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com

NYU Marketing Prof Blasts Mark Zuckerberg: Facebook’s Metaverse Is a ‘Giant Flaming Bag of Sh*t’

Mark Zuckerberg frowning
Getty/Chip Somodevilla
2:08

In a recent interview, well-known NYU marketing professor Scott Galloway took aim at Facebook and Mark Zuckerberg, calling the company’s “Metaverse” concept a “giant flaming bag of shit.”

Futurism reports that on a recent episode of Vox’s Pivot podcast, renowned NYU marketing professor Scott Galloway discussed the future of Facebook (now Meta) and the company’s planned “Metaverse” digital universe.

Mark Zuckerberg introduces Meta (Facebook)

In the interview, Galloway called Zuckerberg a “visionary” who he believes is attempting to pivot the sinking ship that is Facebook, which is suffering from multiple controversiesscandals, and is losing active users for the first time ever.

But despite Zuckerberg’s attempts to change the company’s path, Galloway doesn’t believe that the company is going in the right direction. Galloway commented during the podcast: “If he pulls it off, it’ll be one of the most impressive feats in — not even corporate renewal — but vision around maintaining growth.”

But Galloway is not optimistic: “I don’t think they’re going to. I think this thing is already a giant flaming bag of shit.”

Galloway stated that one of the biggest issues for Zuckerberg is that the company’s Quest VR headset is still too clunky and awkward to convince users to adapt to the metaverse.

GLENN CHAPMAN/AFP/Getty Images

“The people in this universe are not impressed with the universe he envisions, and specifically the portal,” Galloway said. “One of my predictions in November of 2021… was that the biggest failure in tech-product history might be the Oculus.”

Facebook is making a big bet on the release of a new Quest headset later this year, which Zuckerberg believes will convince the average users to ditch their smartphone in exchange for VR goggles and a digital universe.

Read more at Futurism here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com

The Zuckerberg Blues: Facebook’s $232 Billion Face Plant Sets Record for Largest One-Day Market Value Drop

WASHINGTON, DC - APRIL 10: Facebook co-founder, Chairman and CEO Mark Zuckerberg arrives to testify before a combined Senate Judiciary and Commerce committee hearing in the Hart Senate Office Building on Capitol Hill April 10, 2018 in Washington, DC. Zuckerberg, 33, was called to testify after it was reported that …
Chip Somodevilla/Getty Images
2:36

Facebook lost more than $232 billion in value following the announcement of the company losing daily users for the first time ever. The humiliating 26 percent drop in the company’s stock price set a record for the largest one-day loss in market value ever in history. The loss is $50 billion more than the previous record holder, Apple’s one-day loss in September 2020 of $182 billion.

CNBC reports that Facebook set a new record this week by losing more than $232 billion in market value following the announcement that the company lost global daily users for the first time ever. Facebook’s loss of $232 billion in value on Thursday is the biggest one-day drop in value in the history of the U.S. stock market.

AFP

(AFP/Saul Loab)

The stock price plunge was based on the company’s weaker-than-expected revenue forecast and topped the prior record set by Apple when it lost $182 billion in market value in September 2020.

The seven biggest drops in stock market history have all taken place over the past two years, with tech firms like Apple, Microsoft, Tesla, and Amazon rapidly increasing in valuation. Facebook was already on the leaderboard for the largest value drop in 2018 when it lost $119 billion in market value.

On Wednesday, Facebook (now Meta) reported flat user growth across almost all of its platforms including Facebook, Instagram, and WhatsApp last quarter, but even more worrying for the company was the loss of around 1 million daily users in North America.

The majority of Facebook’s advertising profit comes from North American users, so a loss of 1 million users shows signs of what could be a worrying trend for the company. This loss of users led to an overall decrease in daily Facebook users globally which a company spokesperson said was the first sequential decline in the history of Facebook.

Facebook’s heavy bet on the metaverse has also cost the company money in recent months, with CEO Mark Zuckerberg stating that the company had a net loss of $10 billion in 2021 due to its investment in the metaverse.

Read more at CNBC here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com


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