Crypto Currency

9 Questions for Facebook After Zuckerberg’s Privacy Manifesto

presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be…


presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be one where everyone connects openly together, as in a town square; it will be one where more connections happen one to one, as in a living room. Instead of data permanence, data will disappear.

Facebook isn’t putting the current platform—worth roughly half a trillion dollars—in the garbage disposal. As Zuckerberg made clear in a Wednesday afternoon interview with WIRED, Facebook as we know it now will still exist. But it will change. And there will also just be something new.

It’s unclear the extent to which Facebook will ultimately push users toward privacy, and in what exact ways. But Zuckerberg controls Facebook, and his manifesto will make its gears start to turn in different directions. As that begins, here are nine important questions the company will have to think through.

1. Facebook knows how to make money in the town square. How does it make money in this new living room?

Private, encrypted messaging is hard to monetize. In our interview, Zuckerberg demurred when asked what the new business model will be after clamping down on the data firehose. The company would, he said, build the product first and figure out the financials later. Facebook does have nascent efforts in commerce and cryptocurrency, but there’s no question that figuring out revenue on the new platform will be a hard problem for Dave Wehner, Facebook’s chief financial officer. A former Facebook employee told me last night, “Mark is like a cartoon character who walks through a bunch of dangerous situations and always comes out on top. Dave is the guy running behind him catching the cat, stopping the ladder from tipping, deflecting the flying axe with a manhole cover.”

2. What does this do to safety on the platform?

Facebook rightly faces endless criticism for all the data it collects. But there are benefits to data collection as well. It can help stop bullies, or even potential suicides. Once those communications become private, Facebook no longer has the same powers to track and moderate. The public—from the media, to nonprofits, to academics, to individuals, to the government—also uses the public nature of Facebook to track bad behavior. If Russian intelligence operatives had just used private encrypted messaging to manipulate Americans, would they have been caught? As Facebook knows from running WhatsApp, which is already end-to-end encrypted, policing abuses gets ever harder as messages get more hidden.

In our interview, Zuckerberg explained that this, not fears about the business model, is what keeps him up at night. “There is just a clear trade-o

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Crypto Currency

Strategy Sells Bitcoin for First Time Since 2022 While Still Holding 843,706 BTC

Key Takeaways: It was the first Bitcoin sale since 2022 as Strategy sold 32 BTC for $2.5 million. Distribution of proceeds to be used on the company’s preferred stock. Following The post Strategy Sells Bitcoin for First Time Since 2022 While Still Holding 843,706 BTC appeared first on CryptoNinjas…

Key Takeaways: It was the first Bitcoin sale since 2022 as Strategy sold 32 BTC for $2.5 million. Distribution of proceeds to be used on the company’s preferred stock. Following
The post Strategy Sells Bitcoin for First Time Since 2022 While Still Holding 843,706 BTC appeared first on CryptoNinjas…
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Crypto Currency

Strategy Sells Bitcoin for First Time in Years, Breaks the “Never Sell” Mantra

Thirty-two Bitcoin, Roughly $2.5 million at current prices, for a company sitting on 843,706 BTC worth over $60 billion, that is barely a rounding error on the balance sheet. But the significance of what Strategy just did has almost nothing to do with the size of the sale and everything to do with what it

Thirty-two Bitcoin, Roughly $2.5 million at current prices, for a company sitting on 843,706 BTC worth over $60 billion, that is barely a rounding error on the balance sheet. But the significance of what Strategy just did has almost nothing to do with the size of the sale and everything to do with what it …
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Crypto Currency

Why Did Strategy Sell Bitcoin?

The post Why Did Strategy Sell Bitcoin? appeared first on Coinpedia Fintech News Strategy sold 32 BTC (about $2.5 million) primarily to fund preferred stock dividend payments and manage treasury operations, not because it is abandoning its Bitcoin strategy. The sale represents just 0.004% of its 843,706 BTC holdings and is the company’s first Bitcoin

The post Why Did Strategy Sell Bitcoin? appeared first on Coinpedia Fintech News
Strategy sold 32 BTC (about $2.5 million) primarily to fund preferred stock dividend payments and manage treasury operations, not because it is abandoning its Bitcoin strategy. The sale represents just 0.004% of its 843,706 BTC holdings and is the company’s first Bitcoin sale since its 2022 tax-loss transaction…
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Crypto Currency

Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022

The post Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022 appeared first on Coinpedia Fintech News Strategy, the company led by Michael Saylor, has sold 32 Bitcoins for approximately $2.5 million, according to a recent SEC filing. The transaction was completed between May 26 and May 31 at an average price of $77,135

The post Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022 appeared first on Coinpedia Fintech News
Strategy, the company led by Michael Saylor, has sold 32 Bitcoins for approximately $2.5 million, according to a recent SEC filing. The transaction was completed between May 26 and May 31 at an average price of $77,135 per BTC…
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