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The Facebook Privacy Scandal Still Continues!

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The global social media giant Facebook, is under the scanner once again over privacy related concerns.

In recent months, Facebook have been caught up with a number of privacy scandals and data protection issues including the infamous Cambridge Analytica data breach issue.

The link with the earlier data scandal is the University of Cambridge’s Psychometrics Center controlled both data sets. Alexander Kogan, who is a core component of the Cambridge Analytica scandal, was part of this project as well.

However, there seem to be a no end to the Facebook privacy scandals.

A data set of more than 3 million users have been exposed via a personality quiz app called myPersonality. The app, myPersonality was developed by researchers at the University of Cambridge. The quiz was taken by over 6 million people. The data included answers to personal questions and was held by academics from the University of Cambridge Psychometrics Centre.  The personality quiz exposed the personal Facebook details and even status updates of around 150,000 users.

This data was supposed to be restricted to a group of selected people with official approvals, it was reportedly made available to a select group of researchers outside of Cambridge as well.

The app accessed the Big Five, personality app recorded personality scores of 3.1 million users and status updates from over 150,000 users, including details about age, gender and relationship status from 4.3 million people. Ever since the news of this scandal came to light, Facebook suspended the myPersonality app!

Facebook’s response to this led to an investigation into the myPersonality quiz and the associated apps. The social media giant has so far suspended 200 apps that could be involved in data harvesting in this manner.

 

With the privacy issues continuing to woe us, is the social media giant Facebook secure enough to use?

 

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PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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