Tag: Social
Daily Crunch: Facebook is acquiring Giphy
Facebook acquires a popular GIF search engine, video game sales see major growth and Sorrentino reports promising results for a COVID-19 treatment. Here’s your Daily Crunch for May 15, 2020. 1. Facebook to acquire Giphy in a deal reportedly worth $400 million Facebook will acquire Giphy, the web-based animated GIF…
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Building and investing in the ‘human needs economy’
Heather Hartnett Contributor Heather Hartnett is general partner and CEO of Human Ventures, an early-stage venture fund and startup studio in New York City. The entrepreneurial and investor focus of the last decade has largely been centered on increased convenience and consumerism, and has encouraged companies to prioritize scaling, with…
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Facebook’s social Zoom competitor Messenger Rooms goes live globally
Zoom was never meant to be a social network, but the enterprise video chat app has become essential software for those looking to stay in touch with friends and family during the pandemic. Today, Facebook looks to steal back the service’s social video chat growth as it globally launches Messenger…
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Facebook, telcos collaborate on subsea cable for Africa and Middle East
Facebook, and a group of telecom companies including China Mobile International, MTN GlobalConnect, Orange, and Vodafone are collaborating to build the “most comprehensive” subsea cable to serve the African continent and Middle East region where nearly a billion people are still not connected to the internet. The project, called 2Africa,…
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Facebook to pay $52 million to content moderators suffering from PTSD
Facebook has agreed in principle to pay $52 million to compensate current and former content moderators who developed mental health issues on the job. The Verge reported Tuesday that the settlement will cover more than 11,000 content moderators who developed depression, addictions and other mental health issues while they worked…
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Facebook upgrades its AI to better tackle COVID-19 misinformation and hate speech
Facebook’s AI tools are the only thing standing between its users and the growing onslaught of hate and misinformation the platform is experiencing. The company’s researchers have cooked up a few new capabilities for the systems that keep the adversary at bay, identifying COVID-19-related misinformation and hateful speech disguised as…
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