New Zealand to Slap ‘Digital Services Tax’ on Internet Giants Google, Facebook: Will this Antagonize the US?

Following the precedent set by some European countries such as Austria, France, Italy, Spain and the United Kingdom, New Zealand has indicated it will introduce a digital services tax. This is expected to affect internet giants such as Google and Facebook, according to the New Zealand Herald. Per New Zealand’s Prime Minister, Jacinda Ardern, this is aimed at achieving ‘fairness and balance’ in the country’s tax system. Currently, according to Ardern large internet firms have been fulfilling their tax obligations as required by law: Highly digitalized companies, such as those offering social media networks, trading platforms, and online advertising, currently

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Watch: Facebook Alum. Sean Parker Bashes Amazon, Warns Echo is Spying on Every Word You Say

Facebook founding president Sean Parker wants you to know that Amazon’s Alexa-enabled Echo devices are listening to every word you say and may be filing away your private conversations for future use. Ex-Facebook Executive Sean Parker Bashes Amazon Over Privacy Parker, who also founded the now-shuttered Napster, revved up the conversation about how personal assistant devices like Amazon’s Echo and Google’s Home devices are spying on you. They’re doing this without you saying trigger phrases like “Hey Alexa” or “Hey Google.” Parker commented on privacy issues and these personal assistant devices on Wednesday morning while speaking at the Milken Institute

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We’re Freeriders: Facebook Co-Founder Chris Hughes, Worth $500 Million, Wants to Pay Higher Taxes

Facebook co-founder Chris Hughes is back advocating for higher taxes for wealthy Americans. This is not the first time Hughes is calling on the government to take a step to help low-income Americans trying to make ends meet. Hughes spoke on CNBC’s “Squawk Box” saying: As a member of that 1-percent, 0.1-percent, I can tell you, I can afford a little bit higher taxes, and it would make my life better. The point is clear — my taxes should be higher. Hughes, who is the author of Fair Shot: Rethinking Inequality and How We Earn has been an advocate for

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Will Tencent’s Massive Investment Help $3 Billion Reddit Take Down Facebook & Google’s Ad Duopoly?

American social news aggregation site Reddit has raised $ 300 million in a Series D funding round at a market valuation of $ 3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $ 150 million into the social site. So far, Reddit has raised $ 550 million in total from a myriad of investors including Sequoia, Fidelity, and Andreessen Horowitz. Are Reddit and Tencent Strange Bedfellows? The deal has led to an outrage online as Redditors are protesting the odd pairing of the Chinese juggernaut who is known for censoring topics the government wants and the free-speech forum,

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Facebook is so Dominant it Earned $5 Billion in China in 2018 – a Country Where It’s Banned

In what can only be further evidence of the global reach of Facebook, reports show that the social media platform earned $ 5 billion in revenue from China. Yet Facebook has been prohibited in China since 2009. Facebook’s Fifth Largest Market, Surprisingly, is China According to reporting by TheStreet and a research note from Pivotal, it’s estimated that Facebook made anywhere between $ 5 billion and $ 7 billion from Chinese advertisers. This figure is about 10% of Facebook’s 2018 revenue. Facebook’s 2018 filing confirms that revenue came from resellers “representing advertisers” based in China. Facebook apparently has an unofficial Chinese office, through

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Breaking: Facebook Crypto Project Acquires Blockchain Startup Specializing in Smart Contracts

Facebook’s secretive crypto division has reportedly made its first acquisition, quietly onboarding most of the research team from a blockchain startup that specializes in smart contract development. Facebook Acqui-hires Chainspace Researchers Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website describes its project as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.” A banner at the top of the website reads: “We’re excited to announce that the team is moving on to something new. Chainspace

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Facebook Has 1 Billion Fake Accounts, Mark Zuckerberg ‘Greatest Con Man in History’: Researcher

By CCN.com: Facebook is lying when it claims it has more than 2 billion monthly users around the world. That’s what tech entrepreneur Aaron Greenspan ― a former Harvard classmate of Facebook CEO Mark Zuckerberg ― alleges in a bombshell report. “Facebook has been lying to the public about the scale of its problem with fake

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With Facebook Falling out of Favor, Will Instagram be Enough to Rescue Shareholders?

By CCN.com: According to Fortune’s latest edition of the world’s most respected companies, admiration for Facebook is plummeting. The souring sentiment is following — and followed by — Facebook’s falling share price in what is rapidly becoming a vicious cycle. Facebook No Longer Admired by Top Executives The latest “World’s Most Admired Companies” list from

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Why a Russian Social Media Ban Would Hurt Twitter More Than Facebook

By CCN.com: Russia’s media watchdog, Roskomnadzor, plans to sue Facebook and Twitter for not complying with laws pertaining to the storage of Russian’s citizen’s data. There is speculation this could lead to Facebook and Twitter being banned in Russia. Such a ban might have a greater impact on Twitter than it would on Facebook. Russia

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