We go back to the basics and look at what Libra is, how it compares to other cryptocurrencies and whether you should be concerned about using it when it eventually arrives.
Journalists are not happy about a decision of the Supreme Court of New South Wales finding that media companies could be liable for defamatory comments made under news stories on their Facebook pages.
Tech giants like Facebook are at risk of joining the ranks of Compuserve and MCI Mail to be replaced with the next generation of organizing designed for new models of distributed trust.
The increasing use of sensors in smart homes adds to an ever expanding amount of user data that can be collected and commodified.
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Companies scrutinise our online likes, dislikes, searches and purchases to produce data that can be used commercially. And it’s often done without us understanding the full extent of the surveillance.
Facebook co-founder Chris Hughes fears the Libra currency would insert a ‘powerful new corporate layer of monetary control between central banks and individuals’.
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A former senior economist with the Reserve Bank of Australia doubts Facebook’s cryptocurrency will take control of monetary policy away from central banks.
Google’s size isn’t the only reason way it exerts market power.
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With the launch of the Libra cryptocurrency, Mark Zuckerberg reveals his dreams of building a new virtual country, perhaps inspired by the Roman Empire.
Media critic and educator Neil Postman’s 1985 book ‘Amusing Ourselves to Death’ warned of the dangers when all media is entertainment, especially when people lack critical media literacy skills.
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Facebook is built on harvesting platform data about its users, crunching that to predict behaviours and allegiances and then selling this package to advertisers. That hasn’t changed yet.
Companies use data to make a portrait of their users.
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Big tech companies compete over who can gather the most intelligence on their users. Countries like Russia and China turn this information against their citizens.
Is social media helping you feel good?
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People know about Facebook’s problems, but assume they are largely immune – even while they imagine that everyone else is very susceptible to influence.
Rather than revealing an advertiser targeted you by your phone number or email address, Facebook may tell you it showed you a particular ad because you like Facebook. That’s not much help.
Facebook’s Mia Garlick says, ‘we’re frequently seeing politicians use the Facebook Live tool to augment a press conference or to directly speak to voters about the issues of importance of the day.’
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Facebook’s Mia Garlick on how Australian politicians are using social media
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Today's Media Files podcast examines the role of social media in election campaigns, including the spread of 'fake news' and foreign political interference.