Five days after Facebook changed its name to Meta, an Australian artist found herself blocked, with seemingly no recourse, from an account documenting nearly a decade of her life and work. From a report: In October, Thea-Mai Baumann, an Australian artist and technologist, found herself sitting on prime internet real estate. In 2012, she had started an Instagram account with the handle @metaverse, a name she used in her creative work. On the account, she documented her life in Brisbane, where she studied fine art, and her travels to Shanghai, where she built an augmented reality company called Metaverse Makeovers. She had fewer than 1,000 followers when Facebook, the parent company of Instagram, announced on Oct. 28 that it was changing its name. Henceforth, Facebook would be known as Meta, a reflection of its focus on the metaverse, a virtual world it sees as the future of the internet. In the days before, as word leaked out, Ms. Baumann began receiving messages from strangers offering to buy her Instagram handle. "You are now a millionaire," one person wrote on her account. Another warned: "fb isn't gonna buy it, they're gonna take it." On Nov. 2, exactly that happened.

Early that morning, when she tried to log in to Instagram, she found that the account had been disabled. A message on the screen read: "Your account has been blocked for pretending to be someone else." Whom, she wondered, was she now supposedly impersonating after nine years? She tried to verify her identity with Instagram, but weeks passed with no response, she said. She talked to an intellectual property lawyer but could afford only a review of Instagram's terms of service. "This account is a decade of my life and work. I didn't want my contribution to the metaverse to be wiped from the internet," she said. "That happens to women in tech, to women of color in tech, all the time," added Ms. Baumann, who has Vietnamese heritage.

Longtime Facebook veteran Andrew Bosworth insists that political and COVID-19 misinformation are societal problems rather than issues that have been magnified by social networks. From a report: Critics say Facebook and other social networks have played a significant role in vaccine hesitancy and the spread of political misinformation. "Individual humans are the ones who choose to believe or not believe a thing. They are the ones who choose to share or not share a thing," Bosworth said in an interview with "Axios on HBO." "I don't feel comfortable at all saying they don't have a voice because I don't like what they said." Bosworth has been leading Facebook's hardware efforts, including those in virtual and augmented reality. Next year he will become CTO for Meta, Facebook's parent company. Asked whether vaccine hesitancy would be the same with or without social media, Bosworth defended Facebook's role in combatting COVID, noting that the company ran one of the largest information campaigns in the world to spread authoritative information.

This year's Game Awards also saw the premiere of The Matrix Awakens, a new in-world "tech demonstrator" written by Lana Wachowski, the co-writer/director of the original Matrix trilogy and director of the upcoming sequel. It's available free on the PS5 and Xbox Series X/S, reports the Verge, and they also scored a sit-down video interview with Keanu Reeves and Carrie-Ann Moss about the new playable experience — and the new Matrix movie: Reeves also revealed that he thinks there should be a modern Matrix video game, that he's flattered by Cyberpunk 2077 players modding the game to have sex with his character, and why he thinks Facebook shouldn't co-opt the metaverse.

Apart from serving as a clever promotion vehicle for the new Matrix movie premiering December 22nd, The Matrix Awakens is designed to showcase what's possible with the next major version of Epic's Unreal Engine coming next year. It's structured as a scripted intro by Wachowski, followed by a playable car chase scene and then an open-world sandbox experience you can navigate as one of Epic's metahuman characters. A big reason for doing the demo is to demonstrate how Epic thinks its technology can be used to blend scripted storytelling with games and much more, according to Epic CTO Kim Libreri, who worked on the special effects for the original Matrix trilogy...

Everything in the virtual city is fully loaded no matter where your character is located (rather than rendered only when the character gets near), down to the detail of a chain link fence in an alley. All of the moving vehicles, people, and lighting in the city are generated by AI, the latter of which Libreri describes as a breakthrough that means lighting is no longer "this sort of niche art form." Thanks to updates coming to Unreal Engine, which powers everything from Fortnite to special effects in Disney's The Mandalorian, developers will be able to use the same, hyper-realistic virtual assets across different experiences. It's part of Epic's goal to help build the metaverse.
Elsewhere the site writes that The Matrix Awakens "single-handedly proves next-gen graphics are within reach of Sony and Microsoft's new game consoles." It's unlike any tech demo you've ever tried before. When we said the next generation of gaming didn't actually arrive with Xbox Series X and PS5, this is the kind of push that has the potential to turn that around....

Just don't expect it to make you question your reality — the uncanny valley is still alive and well.... But from a "is it time for photorealistic video game cities?" perspective, The Matrix Awakens is seriously convincing. It's head-and-shoulders above the most photorealistic video game cities we've seen so far, including those in the Spider-Man, Grand Theft Auto and Watch Dogs series... Despite glitches and an occasionally choppy framerate, The Matrix Awakens city feels more real, thanks to Unreal Engine's incredible global illumination and real-time raytracing ("The entire world is lit by only the sun, sky and emissive materials on meshes," claims Epic), the detail of the procedurally generated buildings, and how dense it all is in terms of cars and foot traffic.

And the most convincing part is that it's not just a scripted sequence running in real-time on your PS5 or Xbox like practically every other tech demo you've seen — you get to run, drive, and fly through it, manipulate the angle of the sun, turn on filters, and dive into a full photo mode, as soon as the scripted and on-rails shooter parts of the demo are done. Not that there's a lot to do in The Matrix Awakens except finding different ways to take in the view. You can't land on buildings, there's no car chases except for the scripted one, no bullets to dodge. You can crash any one of the game's 38,146 drivable cars into any of the other cars or walls, I guess. I did a bunch of that before I got bored, though, just taking in the world.... Almost 10 million unique and duplicated assets were created to make the city....

Epic Games' pitch is that Unreal Engine 5 developers can do this or better with its ready-made tools at their disposal, and I can't wait to see them try.

A media lobbying group wants to see tech platforms reigned in with stronger antitrust laws. But the group's president tells the New York Times the biggest force supporting the status quo is hyperpartisanship.

The Times reports: The lack of regulation of technology companies is not because elected officials don't understand the internet. That used to be the case, and it helps explain why they have been so slow with oversight measures. Now, though, new questions about technology get mapped onto increasingly intractable political divides. Without the distractions of bizarre questions, what's left is the naked reality that the parties are deeply at odds over how to protect consumers and encourage businesses. Dozens of bills to strengthen privacy, encourage competition and quell misinformation have stalled because of a basic disagreement over the hand of government on businesses.

"Congress has again shown it's all bark and no bite when it comes to regulating Big Tech," said Jeffrey Chester, the executive director of the Center for Digital Democracy, a nonprofit consumer advocacy group, adding: "We've made no progress for decades."

The cost of the government's long education on tech is that regulation is increasingly out of reach. In April 2018, 14 years after founding thefacebook.com and more than five years after Facebook surpassed 1 billion users, Mark Zuckerberg appeared for the first time before Congress... [D]espite bipartisan agreement that tech companies have run roughshod and deserve more oversight, none of the bills discussed in those hearings four years ago have been passed. Turns out, holding a hearing that humbles the most powerful business executives in the world is much easier than legislating. Very bright lines of partisan disagreements appear when writing rules that restrict how much data can be collected by platforms, whether consumers can sue sites for defamation, and whether regulators can slow the march of dominance of Amazon, Apple, Google and Facebook.
The Times points out that, just for example, when it came to the possibility of regulating cryptocurrency, "the divides on regulation broke down along party lines" Wednesday after six crypto executives testified before a House committee. Democrats warned that the fast-growing industry needed clearer oversight. "Currently, cryptocurrency markets have no overarching or centralized regulatory framework, leaving investments in the digital assets space vulnerable to fraud, manipulation and abuse," said Representative Maxine Waters, the Democrat of California who chairs the committee. Other Democrats expressed similar caution....

Republicans hewed to their free-market stripes at the crypto hearing. Representative Pete Sessions, Republican of Texas, told the crypto executives that he was in favor of their work and that regulations the industry has embraced may go too far. Representative Ted Budd, Republican of North Carolina, worried that lawmakers could push innovation in financial technology out of the United States.

After sentencing one of the "Capitol Hill rioters" to 41 months in prison, a judge added that anyone with Facebook and Instagram posts like his would be "well advised" to just plead guilty right away. "You couldn't have beat this if you went to trial on the evidence that I saw."

And other rioters are now learning the same thing, reports the Associated Press: Earlier this month, U.S. District Judge Amy Jackson read aloud some of Russell Peterson's posts about the riot before she sentenced the Pennsylvania man to 30 days imprisonment. "Overall I had fun lol," Peterson posted on Facebook. The judge told Peterson that his posts made it "extraordinarily difficult" for her to show him leniency....

Among the biggest takeaways so far from the Justice Department's prosecution of the insurrection is how large a role social media has played, with much of the most damning evidence coming from rioters' own words and videos. FBI agents have identified scores of rioters from public posts and records subpoenaed from social media platforms. Prosecutors use the posts to build cases. Judge now are citing defendants' words and images as factors weighing in favor of tougher sentences.

As of Friday, more than 50 people have been sentenced for federal crimes related to the insurrection. In at least 28 of those cases, prosecutors factored a defendant's social media posts into their requests for stricter sentences, according to an Associated Press review of court records....

Prosecutors also have accused a few defendants of trying to destroy evidence by deleting posts.

Two leading U.S. Senators "are urging federal regulators to investigate Facebook over allegations the company misled advertisers, investors and the public about public safety and ad reach on its platform," reports CNBC: On Thursday, Senator Warren urged the heads of the Department of Justice and Securities and Exchange Commission to open criminal and civil investigations into Facebook or its executives to determine if they violated U.S. wire fraud and securities laws. A day earlier, Senator Cantwell, chair of the Senate Commerce Committee, encouraged the Federal Trade Commission to investigate whether Facebook, now called Meta, violated the agency's law against unfair or deceptive business practices. Cantwell's letter was made public on Thursday...

In her letter to the FTC, Cantwell focused on Facebook's claims about the safety of its products, in addition to the allegedly inflated ad projections... She suggested the agency investigate Facebook and, depending what the evidence shows, pursue monetary relief for advertisers and disgorgement of allegedly ill-gotten gains.
Senator Warren points to a whistleblower's recent allegations that Facebook misled both investors and advertising customers about their ad reach, according to the article. But Warren's letter also argued the possibility Facebook violated securities law with "breathtakingly illegal conduct by one of the world's largest social media companies," according to the article. And in addition, Warren "wrote that evidence increasingly suggests executives were aware the metric 'was meaningfully and consistently inflated.'"

Bloomberg adds this quote from Senator Cantwell's letter: "A thorough investigation by the Commission and other enforcement agencies is paramount, not only because Facebook and its executives may have violated federal law, but because members of the public and businesses are entitled to know the facts regarding Facebook's conduct as they make their decisions about using the platform."

A bipartisan group of US senators have announced a new bill that would require social media companies to share platform data with independent researchers. The Verge reports: The bill was announced Thursday by Democratic senators Chris Coons (D-DE), Amy Klobuchar (D-MN), and also Rob Portman (R-OH), a Republican. Named the Platform Accountability and Transparency Act (PATA), it would establish new rules compelling social media platforms to share data with "qualified researchers," defined as university-affiliated researchers pursuing projects that have been approved by the National Science Foundation (NSF). Under the terms of the bill, platforms would be bound to comply with requests for data once research was approved by the NSF. Failing to provide data to a qualifying project would result in the platform losing the immunities provided by Section 230 of the Communications Decency Act. "The PATA act is a truly comprehensive platform transparency proposal," said Laura Edelson, a PhD candidate at NYU Tandon School of Engineering and lead researcher at NYU's Cybersecurity for Democracy project, in an email to The Verge. "If passed this legislation would provide a real pathway for researchers to better understand online harms and start coming up with solutions."

Twitter asked a federal judge to throw out Donald Trump's lawsuit over his ban from the platform for stoking the U.S. Capitol riot, arguing the company's right to free speech is at stake -- not the former president's. From a report: Twitter's First Amendment rights "are at their apex" in the case because the editorial decisions Trump is challenging relate to matters of public concern, including threats to the peaceful transfer of power, Twitter and its chief executive officer, Jack Dorsey, said in a San Francisco federal court filing. Trump "agreed to abide by Twitter's rules, and yet proceeded to repeatedly violate those rules" before, during and after the deadly assault on the Capitol by a mob of his supporters, with tweets that "could encourage further violence," the company said in its filing late Thursday.

Trump's free-speech claim also ignores "that Twitter is a private actor that is not constrained by the federal constitution," the company said. The government "cannot force the private operator of an online platform, such as Twitter, to disseminate speech with which the operator disagrees." Trump is fighting bans or suspensions from Twitter, Meta Platforms' Facebook and Alphabet's Google, accusing the tech giants of trying to silence conservative views and violating his free-speech rights. He's also pressing ahead with plans to launch a rival social-media platform as part of a new media company with "non-woke" entertainment and news.

Meta's cryptocurrency wallet, Novi, will allow users to send and receive money through the social media giant's messaging app, WhatsApp. From a report: The pilot program is open to a limited number of people in the United States, Novi head Stephane Kasriel said in a tweet late on Wednesday. Using Novi does not change the privacy of WhatsApp personal messages and calls, he said.

More than two years and a company rebrand later, Meta is finally opening up access to its VR social platform Horizon Worlds. Starting Thursday, people in the US and Canada who are 18 and up will be able to access the free Quest app without an invite. From a report: Horizon Worlds is Meta's first attempt at releasing something that resembles CEO Mark Zuckerberg's vision of the metaverse. It's an expansive, multiplayer platform that meshes Roblox and the OASIS VR world from Ready Player One. Originally just called Horizon, it requires a Facebook account and lets you hang out with up to 20 people at a time in a virtual space. First announced in September 2019 as a private beta, Horizon Worlds has evolved from primarily being a Minecraft-like environment for building games to more of a social platform. Its thousands of beta testers have held regular comedy shows, movie nights, and meditation sessions. They've also built elaborate objects like a replica of the Ecto-1 from Ghostbusters. "Now we can open up and say we have interesting things that people can do," Vivek Sharma, Meta's VP of Horizon, tells me.

Apple has allowed app developers to collect data from its 1 billion iPhone users for targeted advertising, in an unacknowledged shift that lets companies follow a much looser interpretation of its controversial privacy policy. Financial Times: In May Apple communicated its privacy changes to the wider public, launching an advert that featured a harassed man whose daily activities were closely monitored by an ever-growing group of strangers. When his iPhone prompted him to "Ask App Not to Track," he clicked it and they vanished. Apple's message to potential customers was clear -- if you choose an iPhone, you are choosing privacy.

But seven months later, companies including Snap and Facebook have been allowed to keep sharing user-level signals from iPhones, as long as that data is anonymised and aggregated rather than tied to specific user profiles. For instance Snap has told investors that it plans to share data from its 306m users -- including those who ask Snap "not to track" -- so advertisers can gain "a more complete, real-time view" on how ad campaigns are working. Any personally identifiable data will first be obfuscated and aggregated. Similarly, Facebook operations chief Sheryl Sandberg said the social media group was engaged in a "multiyear effort" to rebuild ad infrastructure "using more aggregate or anonymised data."

These companies point out that Apple has told developers they "may not derive data from a device for the purpose of uniquely identifying it." This means they can observe "signals" from an iPhone at a group level, enabling ads that can still be tailored to "cohorts" aligning with certain behaviour but not associated with unique IDs. This type of tracking is becoming the norm.

Newspapers all over the country have been quietly filing antitrust lawsuits against Google and Facebook for the past year, alleging the two firms monopolized the digital ad market for revenue that would otherwise go to local news. From a report: What started as a small-town effort to take a stand against Big Tech has turned into a national movement, with over 200 newspapers involved across dozens of states. "The intellectual framework for this developed over the last 3-4 years," said Doug Reynolds, managing partner of HD Media, a holding company that owns several West Virginia newspapers, including the Charleston Gazette-Mail. Reynolds, along with a group of lawyers, filed the first newspaper lawsuit of this kind in January in West Virginia. As a part of the first lawsuit, Reynolds worked with a coalition of lawyers that has agreed to represent newspapers all over the country looking to file similar lawsuits. The lawyers include experts in antitrust litigation and lawyers with a personal interest in newspapers from Farrell and Fuller, Fitzsimmons Law Firm, Robbins Geller Rudman & Dowd LLP and Herman Jones LLP.

In an open letter to Mark Zuckerberg published Monday, a group of academics called for Meta to be more transparent about its research into how Facebook, Instagram, and WhatsApp affect the mental health of children and adolescents. The Verge reports: The letter calls for the company to allow independent reviews of its internal work, contribute data to external research projects, and set up an independent scientific oversight group. "You and your organizations have an ethical and moral obligation to align your internal research on children and adolescents with established standards for evidence in mental health science," the letter, signed by researchers from universities around the world, reads.

The open letter comes after leaks from Facebook revealed some data from the company's internal research, which found that Instagram was linked with anxiety and body image issues for some teenage girls. The research released, though, is limited and relied on subjective information collected through interviews. While this strategy can produce useful insights, it can't prove that social media caused any of the mental health outcomes. The information available so far appears to show that the studies Facebook researchers conducted don't meet the standards academic researchers use to conduct trials, the new open letter said. The information available also isn't complete, the authors noted -- Meta hasn't made its research methods or data public, so it can't be scrutinized by independent experts. The authors called for the company to allow independent review of past and future research, which would include releasing research materials and data.

The letter also asked Meta to contribute its data to ongoing independent research efforts on the mental health of adolescents. It's a longstanding frustration that big tech companies don't release data, which makes it challenging for external researchers to scrutinize and understand their products. "It will be impossible to identify and promote mental health in the 21st century if we cannot study how young people are interacting online," the authors said. [...] The open letter also called on Meta to establish an independent scientific trust to evaluate any risks to mental health from the use of platforms like Facebook and Instagram and to help implement "truly evidence-based solutions for online risks on a world-wide scale." The trust could be similar to the existing Facebook Oversight Board, which helps the company with content moderation decisions.

NBC News tells the hair-raising tale of Black Oxygen Organics (or "BOO" for short). Put more simply, the product is dirt — four-and-a-half ounces of it, sealed in a sleek black plastic baggie and sold for $110 plus shipping. Visitors to the Black Oxygen Organics website, recently taken offline, were greeted with a pair of white hands cradling cups of dirt like an offering. "A gift from the Ground," it reads. "Drink it. Wear it. Bathe in it." BOO, which "can be taken by anyone at any age, as well as animals," according to the company, claims many benefits and uses, including improved brain function and heart health, and ridding the body of so-called toxins that include heavy metals, pesticides and parasites. By the end of the summer, online ads for BOO had made their way to millions of people within the internet subcultures that embrace fringe supplements, including the mixed martial arts community, anti-vaccine and Covid-denier groups, and finally more general alternative health and fake cure spaces.... "Who would have thought drinking dirt would make me feel so so good?" one person in a 27,000-member private Facebook group posted, her face nuzzling a jar of black liquid....

Teams of sellers in these private Facebook groups claim that, beyond cosmetic applications, BOO can cure everything from autism to cancer to Alzheimer's disease.... But there may be an incentive for the hyperbole... Participation in multi-level marketing (MLM) boomed during the pandemic with 7.7 million Americans working for one in 2020, a 13 percent increase over the previous year, according to the Direct Selling Association, the trade and lobbying group for the MLM industry. Wellness products make up the majority of MLM products, and, as the Federal Trade Commission noted, some direct sellers took advantage of a rush toward so-called natural remedies during the pandemic to boost sales. More than 99 percent of MLM sellers lose money, according to the Consumer Awareness Institute, an industry watchdog group...

The secret to dealing dirt seems to be Facebook, where sellers have created dozens of individual groups that have attracted a hodgepodge of hundreds of thousands of members.
NBC News had a bag analyzed by a professor of soil and environmental science at Ohio State University. It found two doses per day "exceeded Health Canada's limit for lead, and three doses for daily arsenic amounts." Growing concern among BOO sellers about the product — precipitated by an anti-MLM activist who noticed on Google Earth that the bog that sourced BOO's peat appeared to share a border with a landfill — pushed several to take matters into their own hands, sending bags of BOO to labs for testing. The results of three of these tests, viewed by NBC News and confirmed as seemingly reliable by two soil scientists at U.S. universities, again showed elevated levels of lead and arsenic. Those results are the backbone of a federal lawsuit seeking class action status filed in November in Georgia's Northern District court. The complaint, filed on behalf of four Georgia residents who purchased BOO, claims that the company negligently sold a product with "dangerously high levels of toxic heavy metals," which led to physical and economic harm.

Black Oxygen Organics did not respond to requests for comment concerning the complaint.
The anti-MLM forces also formed Facebook groups, monitoring Facebook's pro-Boo sales groups and even documenting sales and company meetings — then filed official complaints with Amreica's product-regulating Federal Trade Commission and the Food and Drug Administration. And it all ended badly for Boo... According to BOO President Carlo Garibaldi, they had weathered the FTC complaints, the FDA seizures, the Health Canada recalls and the online mob. But the "fatal blow" came when their online merchant dropped them as clients....

Members of anti-BOO groups celebrated. "WE DID IT!!!!!!" Ceara Manchester, the group administrator, posted to the "Boo is Woo" Facebook group. "I hope this is proof positive that if the anti-MLM community bans together we can take these companies down. We won't stop with just BOO. A new age of anti-MLM activism has just begun."

In a separate Zoom meeting unattended by executives and shared with NBC News, lower-rung sellers grappled with the sudden closure and the reality that they were out hundreds or thousands of dollars.

"Videos and GIFs of cute animals — usually cats — have gone viral online for almost as long as the internet has been around..." writes the New York Times.

"Now, it is becoming increasingly clear how widely the old-school internet trick is being used by people and organizations peddling false information online, misinformation researchers say." The posts with the animals do not directly spread false information. But they can draw a huge audience that can be redirected to a publication or site spreading false information about election fraud, unproven coronavirus cures and other baseless conspiracy theories entirely unrelated to the videos. Sometimes, following a feed of cute animals on Facebook unknowingly signs users up as subscribers to misleading posts from the same publisher. Melissa Ryan, chief executive of Card Strategies, a consulting firm that researches disinformation, said this kind of "engagement bait" helped misinformation actors generate clicks on their pages, which can make them more prominent in users' feeds in the future. That prominence can drive a broader audience to content with inaccurate or misleading information, she said.

"The strategy works because the platforms continue to reward engagement over everything else," Ms. Ryan said, "even when that engagement comes from" publications that also publish false or misleading content.

Facebook's parent company, Meta, has worked with the U.K.-based nonprofit Revenge Porn Helpline to build a tool that lets people prevent their intimate images from being uploaded to Facebook, Instagram and other participating platforms without their consent. From a report: The tool, which builds on a pilot program Facebook started in Australia in 2017, launched Thursday. It allows people who are worried that their intimate photos or videos have been or could be shared online, for example by disgruntled ex-partners, to submit the images to a central, global website called StopNCII.org, which stands for "Stop Non-Consensual Intimate Images."

"It's a massive step forward," said Sophie Mortimer, the helpline's manager. "The key for me is about putting this control over content back into the hands of people directly affected by this issue so they are not just left at the whims of a perpetrator threatening to share it." Karuna Nain, Meta's director of global safety policy, said the company had shifted its approach to use an independent website to make it easier for other companies to use the system and to reduce the burden on the victims of image-based abuse to report content to "each and every platform." During the submission process, StopNCII.org gets consent and asks people to confirm that they are in an image. People can select material on their devices, including manipulated images, that depict them nude or nearly nude. The photos or the videos will then be converted into unique digital fingerprints known as "hashes," which will be passed on to participating companies, starting with Facebook and Instagram.

An anonymous reader quotes a report from Crypto Briefing: The U.S. House Committee on Financial Services has announced that several cryptocurrency executives will testify at a panel hearing. Jeremy Allaire, CEO of the USD Coin company Circle, is first on the list of executives that will attend the panel. The list also includes Sam Bankman-Fried, CEO and founder of the crypto exchange FTX. It additionally includes Brian Brooks, current CEO of Bitfury and former acting comptroller for the U.S. Office of the Comptroller of the Currency (OCC). Chad Cascarilla, CEO of the stablecoin and brokerage firm Paxos, will also appear on the panel. Paxos is best known for powering crypto services for PayPal and Facebook's Novi wallet. Denelle Dixon, CEO of the Stellar Development Foundation, and Alesia Haas, CFO of Coinbase, will also make an appearance.

The panel will be led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services. Waters previously held a hearing on Facebook's proposed crypto plans in 2019, as well as other panels on crypto, digital currencies, and central bank digital currencies (CBDCs). This upcoming panel is titled "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States." The page describing the hearing suggests the goal of the event is to hold financial companies accountable to consumers and investors. The hearing will be held at 10:00 AM ET on Wednesday, Dec. 8. It will be available as an online webcast.

Meta is backing away from its longstanding (if not absolute) ban on cryptocurrency ads. Engadget reports: As CNBC reports, Meta has greatly loosened its ban by expanding the number of regulatory licenses it accepts from three to 27. The crypto landscape has "matured and stabilized" enough to justify the change of heart, the company said, including an increased amount of government regulation that sets "clearer responsibilities and expectations."

Advertisers still need written permission to run ads for cryptocurrency exchanges, lending and borrowing, crypto mining tools and wallets that let you buy, sell, stake or swap tokens. This does, however, open the door to cryptocurrency businesses that previously couldn't run any ads, not to mention would-be investors who might not be familiar with the market. The report goes on to note that "the shift comes just a day after Meta's crypto overseer, David Marcus, said he was leaving the company."

An anonymous reader quotes a report from Motherboard: When a scammer wants to set up an account on Amazon, Discord, or a spread of other online services, sometimes a thing that stands in their way is SMS verification. The site will require them to enter a phone number to receive a text message which they'll then need to input back into the site. Sites often do this to prevent people from making fraudulent accounts in bulk. But fraudsters can turn to large scale, automated services to lease them phone numbers for less than a cent. One of those is 5SIM, a website that members of the video game cheating community mention as a way to fulfill the request for SMS verification.

Various YouTube videos uploaded by the company explain how people can use its service explicitly for getting through the SMS verification stage of various sites. The videos include instructions specifically on PayPal, Instagram, Facebook, Telegram, and dating site Plenty of Fish. Instagram told Motherboard it is concerned by sites that suggest people can use services to bypass Instagram's measures to then abuse the platform. Instagram said it uses SMS verification to prevent the creation of fake accounts and to make account recovery possible. "We have many measures in place to protect against scripted account creation and block millions of fake accounts at registration every day," an Instagram spokesperson said.

Some online services don't allow users to perform SMS verification with VoIP numbers, presumably in an effort to mitigate against fraud. 5SIM's numbers, however, are just like ordinary phone numbers, the site claims. When people buy 5SIM's services, they must only use it for receiving texts related to an online account. "Different SMS will [be] rejected," the website adds. 5SIM also offers an API to automate parts of the service. 5SIM's rules say that customers are "Forbidden to use the service for any illegal purposes as well as not to take actions that harm the service and (or) third parties." The website also includes a denylist of words that its service may block. In an email to Motherboard, 5SIM said: "5sim service is prohibited to use for illegal purposes. In cases, where fraudulent operations with registered accounts are detected, restrictions may be imposed on the 5sim account until the circumstances are clarified. 5sim is used by those who want to get a discount or bonus, webmasters, SMM specialists, owners of business for advertising and increasing business loyalty."

David Marcus, one of the top executives at Meta Platforms and the co-creator of the yet-to-be-launched Diem digital currency, is leaving the company after seven years to pursue other projects. From a report: Marcus, who joined the Facebook parent company in 2014 from PayPal Holdings, ran the Messenger service for years before moving over to form the company's blockchain division in 2018. He spent the last few years building Novi, the company's digital wallet that launched in October, and co-founded Diem, a digital currency formerly known as Libra that was intended as a way for people to send money cross-border.

Getting Diem off the ground has proven to be a struggle for Meta and Marcus. Since the project was unveiled in 2019 -- with great fanfare and dozens of partners -- the currency's debut has been delayed and its original ambitions have been scaled back. Diem faced pushback from lawmakers and regulators when it was announced, and while Meta is still a partner on the effort, Diem is now run independently. Marcus's departure adds more uncertainty to Meta's digital payment push, but the longtime entrepreneur and angel investor says he has an itch to create something outside the company.