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Facebook's Failed 'Diem' Stablecoin Now Officially Over

Andrew Orr ·

Facebook had dreams of launching its own cryptocurrency called Diem (formerly Libra) but the company has called it quits (link to original PR piece here, commentary from The Verge below).

The sale of Diem’s assets marks the end of an effort that, in retrospect, was doomed from the start. Facebook, which now goes by Meta, created the apps that would have been the main way people used the token. So even though Facebook formed the Libra Association to govern the token with other companies, people were immediately fearful that Libra would make the controversial tech giant even more powerful. Plus, members of the Libra Association started to drop out, just months after the group had been announced.

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Facebook Rolls Out End-to-End Encrypted Chats for Everyone

Andrew Orr ·

End-to-end encrypted chats are now available for all users of Facebook Messenger, the company announced. This includes group chats and calls.

Last year, we announced that we began testing end-to-end encryption for group chats, including voice and video calls. We’re excited to announce that this feature is available to everyone. Now you can choose to connect with your friends and family in a private and secure way.

These secure chats remain opt-in only, instead of encrypted by default like actual private messaging apps.

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Mozilla 'Pixel Hunt 'Study Aims to Track Facebook Tracking You

Andrew Orr ·

Mozilla is launching a study called Facebook Pixel Hunt. The goal is to track Facebook tracking around the web.

According to its own privacy policy, Facebook may collect information about you across the web even if you don’t have a Facebook account. One way Facebook performs this tracking is through a network of “pixels” that may be installed on many of the sites you visit. By joining this study, you will help Rally and The Markup investigate and report on where Facebook is tracking you and what kind of information they are collecting.

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Details of Meta Appeal Against GIPHY Ruling Emerge

Charlotte Henry ·

Documents have revealed the basis of Meta’s appeal against a British regulator’s decision that it should sell GIPHY. Reuters has summed up the key points raised by Facebook’s parent company in appeal against the Competition and Markets Authority (CMA) decision.

The Competition Appeal Tribunal on Wednesday published a summary of Meta’s application, outlining its challenge on six grounds. The U.S company, which owns Instagram and WhatsApp as well as Facebook, said the CMA had failed to assess its offer to ensure Giphy could continue to provide services to competitors like Snapchat and TikTok on the same terms. The regulator’s decision was also procedurally flawed, Meta said. The CMA ordered Meta to sell Giphy, which it acquired for a reported $400 million in May 2020, in November after it decided the remedies offered by the U.S. company did not answer its concerns.