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Polish billionaire plans to sue Meta over fake advertisements
Economic Times
·
12m ago
Medial
Polish billionaire Rafal Brzoska and his wife are planning to sue Meta (formerly Facebook) over fake advertisements that feature his face and false information about his wife. They have notified the company about the problem but have not received a satisfactory solution. They intend to file a private lawsuit against Meta, considering various jurisdictions including the United States. They demand that Meta stop promoting content that violates their rights and seek substantial compensation, which will be donated to charity. Meta has not yet commented on the issue. The Polish Personal Data Protection Office has already ordered Meta to cease displaying false advertisements in Poland for three months.
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Meta must face Australian billionaire Forrest's US lawsuit over scam Facebook crypto ads
Economic Times
·
1y ago
Medial
A US judge has rejected Meta Platforms' attempt to dismiss a lawsuit filed by Australian mining billionaire Andrew Forrest. The lawsuit alleges that fraudulent Facebook advertisements used Forrest's name and likeness to promote fake investments. The judge ruled that Forrest can proceed with claims of negligence against Meta for allowing the ads and misappropriation of his identity. Meta had argued that it is protected from liability under Section 230 of the federal Communications Decency Act, but the judge disagreed, stating that there is a dispute over whether Meta's ad systems contributed to the content of the ads. Forrest is seeking compensatory and punitive damages.
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How a group of train hackers exposed a right-to-repair nightmare
Gizmodo
·
1y ago
Medial
Polish hackers known as Dragon Sector have accused train maker Newag of intentionally bricking its own trains when repaired by third parties. Newag has threatened to sue the hackers, but the story has sparked an investigation from the Polish Office of Competition and Consumer Protection. Dragon Sector reverse-engineered a train and found code that caused it to fail if it was repaired by a competitor's workshop. The hackers were given a week to unbrick the trains, which they successfully did, and now they have challenged Newag to court.
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Bits & Bytes: Meta to face more lawsuits in Japan over fake ads
Economic Times
·
9m ago
Medial
Meta Platforms, the parent company of Facebook, is facing lawsuits in Japan over fraudulent investment advertisements featuring fake celebrity endorsements. Around 30 plaintiffs are seeking at least $2 million, claiming that the tech giant did not do enough to prevent these scams. The plaintiffs argue that Meta should have investigated and prevented the posting of these fraudulent ads. In other news, Apple and Goldman Sachs have been ordered to pay fines totaling $90 million over their handling of the Apple Card credit-card business. The regulators found issues with customer service, fraud handling, and unresolved charge disputes. Additionally, LinkedIn has been fined €310 million for breaching users' personal data in targeted advertising. Finally, Starlink terminals, owned by Elon Musk, have sold out in Zimbabwe and five cities in Nigeria due to high demand, prompting local internet service providers to lower their prices.
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WhatsApp testing Meta AI chatbot in India, other markets
Economic Times
·
1y ago
Medial
WhatsApp is testing its chatbot, Meta AI, in India and other markets to enhance its artificial intelligence offerings. With over 500 million users in India alone, WhatsApp is keen on leveraging its large user base for AI advancements. Meta AI is a versatile chatbot that can generate realistic images from text prompts and respond to user queries within chats. Additionally, Meta plans to launch Llama 3, its next open-source language model, in the near future. To address potential threats like AI-generated fake content, Meta will establish an India-specific Elections Operations Centre.
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Australian prosecutors drop billionaire Andrew Forrest's case against Meta
Economic Times
·
1y ago
Medial
Australian prosecutors have dropped criminal charges against mining magnate Andrew Forrest's prosecution of Meta (formerly known as Facebook) over thousands of scam cryptocurrency ads that used his image. This setback follows Forrest's attempt to hold the social media giant accountable for these ads. However, a civil lawsuit filed in California against Meta is still ongoing. Forrest accused Meta of breaching Australia's anti-money laundering laws by allowing scammers to use its platform to promote fake cryptocurrency schemes, leading people to believe he endorsed them. Forrest plans to continue pursuing the California case.
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Uday Kotak warns of fake investment scheme being run in his name, says, 'I have nothing to do with this'
IndianStartupNews
·
1y ago
Medial
A recent social media post raised concerns about a fake investment scheme allegedly involving billionaire Uday Kotak, claiming to offer passive daily income for all Indians. However, Uday Kotak himself clarified that the article is fake and he has no association with the scheme or platform. The Indian Express also cautioned users about fake pages posing as their publication.
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Mark Zuckerberg, serial witness, takes the hot seat again
Economic Times
·
3m ago
Medial
Meta CEO Mark Zuckerberg's legal and congressional appearances symbolize escalating tensions between tech giants and regulatory scrutiny. Having testified before Congress eight times and in court twice, Zuckerberg defends Meta amid accusations of antitrust violations, using past appearances to polish his image. Despite legal challenges, Meta's stock has risen, suggesting firm resilience. However, experts anticipate rigorous examination in upcoming antitrust trials, underscoring Washington's persistent attempts to address Silicon Valley's influence and regulatory concerns.
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Facebook owner Meta respects the law only when it suits, says Australia minister
Economic Times
·
1y ago
Medial
Australia's financial services minister, Stephen Jones, accused Meta (formerly Facebook) of considering themselves above the law and engaging in anti-competitive behavior. He criticized the company for its decision to quit licensing deals with Australian news media and stated that such behavior harms economies and democracy worldwide. Jones emphasized the need for Meta to comply with laws in democratic countries like Australia. The minister is still considering implementing a law that would determine the payment Meta should provide to media for content posted on its sites. Jones also mentioned ongoing discussions with prominent Australians, including Andrew Forrest, who is battling Meta in a US court over scam cryptocurrency advertisements featuring his image.
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Meta to introduce ads on Threads in early 2025: report
Economic Times
·
8m ago
Medial
Meta Platforms is reportedly planning to introduce advertisements on its Threads app early next year. The app, launched as a competitor to Twitter, has gained significant traction with 275 million monthly active users. While Meta does not expect Threads to significantly impact its 2025 revenue, a small number of advertisers will be able to publish ads on the app from January. This move could attract advertisers from Twitter, which has undergone significant changes under Elon Musk's ownership. Ad revenue at Twitter declined following Musk's acquisition amid concerns over brand safety.
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Don't scan the scam: Beware of fraudulent QR codes this festive season
Economic Times
·
1y ago
Medial
The article warns about the rise in QR code scams during the festive season, with cybercriminals using fake QR codes to dupe unsuspecting customers. Cases of fraud involving QR codes have seen a significant increase, with victims falling for fake advertisements and making illicit transactions after scanning manipulated QR codes. Experts highlight the visual similarity of QR codes and the difficulty in discerning differences, making it easier for scammers to carry out their fraudulent activities. Various tactics, such as compromising websites, installing malware, or intercepting data through insecure Wi-Fi networks, are employed by cybercriminals using QR codes.
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