Published: Sun, March 10, 2019
Markets | By Erika Turner

Facebook Cannot Beat Bitcoin With Its Own Private Digital Currency

Facebook Cannot Beat Bitcoin With Its Own Private Digital Currency

But Zuckerberg wrote that "we've repeatedly shown that we can evolve to build the services that people really want".

The shift to more intimate communications between smaller groups, making those conversations private even from Facebook itself, and no longer keeping data for a long period of time is no doubt created to address the tech giant's poor track record on privacy in recent times.

Kurt "The Cyber Guy" Knutsson on how Mark Zuckerberg announced that Facebook will pivot to a "privacy-focused' platform".

Whether people are willing to give Facebook a chance - or whether they've simply become used to the notions of mistrust and privacy invasions - remains to be seen, but Zuckerberg says it is going to use 2019 to embark on a period of consultation.

Slaby even suggested that Facebook will continue to "prioritize its own profits well above user privacy concerns".

Zuckerberg said he sees the future of communication shifting to private, encrypted services, and the company plans to build on WhatsApp's progress in this area to extend such features to its other services.

Facebook is to move users more towards private conversations and away from public broadcasting.

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The South Korean company shipped 291.3 million phones a year ago while Huawei sold 205.8 million, according to Strategy Analytics. Samsung is believed to be considering offering free screen replacements after the Galaxy Fold launches in May, Bloomberg claims.

The integration plans, which were first reported in late January, and which haven't yet been officially acknowledged by the company, are controversial because they would tighten Facebook's control over the services' previously independent operations, raising questions around security, competition and data protection.

Zuckerberg said the company's messaging apps also will employ end-to-end encryption, while monitoring for illegal use like child exploitation, terrorism and extortion; Zuckerberg noted that WhatsApp already encrypts messages. "Looking at the future of the internet and privacy, I believe one of the most important decisions we'll make is where we'll build data centres and store people's sensitive data".

Facebook chief executive Mark Zuckerberg said on Wednesday that the company will rebuild many of its services around encryption and privacy.

On the other hand, a more secure exchange of communication will allow Facebook to gain people's trust with regards to e-commerce, payments, within its service. "But now, with all the ways people also want to interact privately, there's also an opportunity to build a simpler platform that's focused on privacy". It will be "a platform for many other kinds of private services", he writes.

WhatsApp and Messenger are valuable day to day tools for communication, and even Instagram and Facebook remain useful for sharing and keeping social circles. People are more cautious about having a permanent record of what they've shared.

Reducing Permanence: this is mainly about giving users the choice to decide how long they like their content (messages, photos, videos, etc.) to be stored, to ensures what they said many years ago would not come back to haunt them. Eventually, he imagines SMS will work seamlessly across the company platforms as well. Mobilsicher examined the iOS version of numerous apps Privacy International also tested. "A holistic privacy solution throughout the social media construct that both recognizes the advertising revenue-based models, and equally holds consumers' right to privacy paramount, will be of benefit to all. However, Facebook places all responsibility on apps to ensure that the data they send to Facebook has been collected lawfully".

It plans to integrate WhatsApp, Instagram and Messenger.

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