Facebook builds Patreon, Niche clones to lure creators with cash

Facebook is eager to displace YouTube and Patreon in order to become the home of online content creators, so it’s testing a bunch of new ways for them to earn money and connect with fans. Facebook’s dedicated Creator app that launched in November on iOS will come to Android soon, and it’s also starting a closed beta program where social media stars can work with it to build new features. It’s already cooked up new ones like a leaderboard for each creator’s most engaged fans who earn a special badge next to their comments, as well as a version of its Rights Manager tool for removing or taking over monetization of unofficial copies of their videos. But most interesting are the new monetization options Facebook is trying out. It will let some users sign-up for a monthly subscription patronage payment to their favorite creators in exchange for exclusive content and
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Facebook lets all PC games Live stream and reward viewers

Facebook is challenging Twitch and YouTube for video game live streaming supremacy with the release of its new Games SDK for PC. After testing Live streaming from games like Overwatch from developers like Blizzard since 2016, today Live broadcasting from PC games to the News Feed opens to all developers. And Facebook will let them reward fans who watch by providing in-game items or bonuses. For example, beneath the comments reel, users might see a promotion like “Watch Paladins streams for a chance to earn random loot to use in-game.” The potential for viral growth and sales could convince tons of game developers to bake in Facebook’s new SDK, while players could use the simple broadcasting feature to reach a big audience — though one not as dedicated to gaming as on other platforms. Viewers might choose to watch on Facebook because they get rewarded there. Facebook meanwhile
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Facebook is using us. It is actively giving away our information. It is creating an echo chamber in the name of connection. It surfaces the divisive and destroys the real reason we began using social media in the first place – human connection. It is a cancer. I’ve begun the slow process of weaning myself off of the platform by methodically running a script that will delete my old content. And there’s a lot. There are likes and shares. There are long posts I wrote to impress my friends. There are thousands of WordPress notifications that tell the world what I’m doing. In fact, I would wager I use Facebook more to broadcast my ego than interact with real humans. And I suspect that most of us are in a similar situation.
There is a method to my madness. I like Facebook Messenger and I like that Facebook is now
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Facebook shares drop 4.4 percent following Cambridge Analytica debacle

Facebook has been at the center of a hectic debate about Cambridge Analytica and the company’s improper use of Facebook data. As a result, Facebook shares (NASDAQ:FB) opened at $177.01, down 4.4 percent compared to Friday’s closing price of $185.09. Share prices are still going down after the opening bell. NASDAQ as a whole is more or less flat — the stock market opened down 0.1 percent. On Thursday, Facebook suspended Cambridge Analytica from its platform. The political data analytics used Facebook data to help Donald Trump’s presidential campaign. The main issue is that the company developed an app called an app called “thisisyourdigitallife” to harvest user data. While many people thought they were downloading a fairly harmless personality quiz app, Cambridge Analytica was using Facebook’s API to gather data about the users of this app, but also the friends of the users. While
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Facebook and the endless string of worst-case scenarios

Facebook has naively put its faith in humanity and repeatedly been abused, exploited, and proven either negligent or complicit. The company routinely ignores or downplays the worst-case scenarios, idealistically building products without the necessary safeguards, and then drags its feet to admit the extent of the problems. This approach, willful or not, has led to its latest scandal, where a previously available API for app developers was harnessed by Trump and Brexit Leave campaign technology provider Cambridge Analytica to pull not just the profile data of 270,000 app users who gave express permission, but of 50 million of those people’s unwitting friends. Facebook famously changed its motto in 2014 from “Move fast and break things” to “Move fast with stable infra” aka ‘infrastructure’. But all that’s meant is that Facebook’s products function as coded even at enormous scale, not that they’re built any slower or with more caution for how
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Facebook has suspended the account of the whistleblower who exposed Cambridge Analytica

Tech hath no fury like a multi-billion dollar social media giant scorned. In the latest turn of the developing scandal around how Facebook’s user data wound up in the hands of Cambridge Analytica — for use in the in development in psychographic profiles that may or may not have played a part in the election victory of Donald Trump — the company has taken the unusual step of suspending the account of the whistleblower who helped expose the issues.

In a fantastic profile in The Guardian, Wylie revealed himself to be the architect of the technology that Cambridge Analytica used to develop targeted advertising strategies that arguably helped sway the U.S. presidential election. A self-described gay, Canadian vegan, Wylie eventually became —

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Regulators in the UK are also calling for more hearings into Facebook and Cambridge Analytica

As more details emerge about Cambridge Analytica’s use of Facebook data in the U.S. presidential election, members of Parliament in the UK are joining congressional leadership in the U.S. to call for a deeper investigation and potential regulatory action.

The Chair of parliamentary committee investigating “fake news”, the conservative MP Damian Collins, accused both Cambridge Analytica and Facebook of misleading his committee’s investigation in a statement early Sunday morning indicating that both companies would be called in for more questioning.

Alexander Nix denied to the Committee last month that his company had received any data from the Global Science Research company (GSR). From the evidence that has been published by The Guardian and The Observer this weekend, it seems clear that he has deliberately mislead the Committee and Parliament by giving false statements,” Collins wrote in a statement to the press. “We will be contacting Alexander Nix next

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