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Facebook and eBay following agreement to ban trading of fake reviews

Facebook and eBay knocked down hundreds of accounts, generating fake and misleading reviews, according to a report by Britains' Competition and Markets Authority (CMA). About six months ago, CMA identified "troubling evidence" for fake and misleading online reviews. After struggling...

Facebook acquires PlayGiga to jump into cloud gaming

Facebook has acquired PlayGiga, a startup focused on cloud video games, as reported by CNBC. PlayGiga has one of the advanced video game streaming platforms in Europe. PlayGiga, based in the Spanish city of Madrid, has been working on online...

Facebook worker is fired for accepting bribes to restore banned accounts

A Facebook contractor has reportedly accepted thousands of dollars in bribes to reactivate banned accounts, according to an investigation by BuzzFeed News.  A marketing agency based in San Diego, Ads Inc., reportedly paid $5,000 initially and then $3,000 each month to a...

Asana, founded by Facebook co-founder, may go public next year

Asana, a team management app founded in 2008, is planning a direct listing as it aims to go public next year, according to a report by Miles Kruppa on Financial Times. It was founded by Dustin Moskovitz, who co-founded Facebook with Mark...

Top 5 tech news of the week

Here are the top five tech news by popularity of last week. Singapore tells Facebook to correct anti-government post on 29 Nov An online news publishing website State Time Review shared a post on their Facebook page mentioning about an arrest of a...

Singapore tells Facebook to correct anti-government post

Singapore government asked Facebook to issue a correction notice on a post published by the State Times Review page. The country believes that the anti-government post contains “false statements of fact.” States Times Review (STR) is an online website that publishes political material....

D1 Capital Partners making big bets on FAANG Stocks

Dan Sundheim's D1 Capital Partners strengthened its position in Amazon by injecting $588 million during the third quarter, according to regulatory filings released Thursday. The hedge fund, which is investing heavily in FAANG (Facebook, Amazon, Apple, Netflix, and Google), also...

Instagram test’s hiding like counts in some accounts

Instagram's CEO Adam Mosseri made an announcement at WIRED25 that the company will test hiding like counts in some U.S Instagram accounts. The company will start bringing these changes in limited accounts from next week. Instagram has already tested...

Facebook reportedly aimed to acquire Fitbit before Google

The giant social networking company Facebook was also interested in buying Fitbit for $1 million that is approximately half of the amount Google offered to acquire it.  As we already reported about Google’s interest in buying Fitbit. Now, Google has...

Facebook Libra project is coming up with other cryptocurrency ideas

There is a raised possibility that Facebook could use cryptocurrencies based on national currencies, to bring its long-awaited Libra project into the action. In the wake of growing skepticism about its digital currency, David Marcus, the Head of Libra project...

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