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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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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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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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