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Facebook’smassiveoutageis reportedly putting a big dent in the social web link’s pocket. Both outlets estimated the revenue loss for Facebook as of 1 p.m. PT/4 p.m. ET by using numbers the company provided when it released its second-quarter earnings. During that three-month period, Facebook reported about $29 billion in revenue. The outlets then used those numbers to calculate revenue loss based on how long the outage has lasted. The estimates underscore the financial impact of a massive outage on Facebook’s ad business....

Midway through Facebook’s full-day outage on Tuesday, I realized I needed to try getting into VR. Would Facebook’s newcamera-studded sunglassesstill work? The answer is: a weird and unfortunate mix. But Facebook’s services underneath were gone. Even the app icon graphics weren’t loading. But I could start games I had downloaded, no problem. I was locked out. I was also locked out of my photos. Try using a PlayStation 5 or Xbox Series X when the PlayStation online grid or Xbox Live are down....

“The glasses have their iconic form factor, and they let you do some pretty neat things. Yes, they’re smart glasses. But no, they’re not AR glasses – not as far as Facebook has said so far. Here’s what to expect. When you’re overlaying digital artifacts onto the world, that’s really augmented reality. These aren’t augmented reality glasses. However, they do a lot of the concepts we think will eventually be critical for augmented reality glasses....

Meta owns Facebook and Instagram. The social media giant saidTrump would remain suspendedfor two years until at least Jan. 7, 2023. The time of the suspension depends on the severity of the rule violations. “But that does not mean there are no limits to what people can say on our platform.” Twitter also reinstated Trump’s account, in November, following billionaire Elon Musk’s takeover of the company. but doesn’t say if he’s returning to Facebook or Instagram....

Enforcement was weighted more heavily in the grade, the ADL said in the report. A Facebook spokesperson said the company disagreed with the grade it received. It encourages users to visit a website about theHolocaust. Facebook bannedHolocaust denial contentin October. Reddit said it removed the content cited in the ADL report. Thecompanyalso “quarantines” communities that share offensive content including posts that deny the Holocaust happened. That means users have to click through a warning to view this content....

Underneath the image, a caption states: “Violent but mostly peaceful transfer of power.” How could the transfer be considered peaceful, some wondered. Was the language meant to be satire? Turns out the image was fake. Just as before, social media outlets are resorting to labels and warnings to caution users aboutfaked content. On Sunday, Taliban fighters took over Kabul, the capital, and President Ashraf Ghani fled the country. Similar videos appeared on Twitter and TikTok without a label....

Thank you for bearing with us," Facebook said in atweet. The three social networks – all owned by Facebook – started having issues around 11:40 a.m. ET, according toDown Detector, a crowdsourced website that tracks online outages. “Similar messageswere shared on the Twitter accounts for Facebook andFacebook Messenger. Sincere apologies to everyone impacted by outages of Facebook powered services right now. Facebook is deeply enmeshed in global infrastructure and the outage disrupted communications for the company’s billions of users....

Clegg also didn’t say when these restrictions would start. RT’s Facebook page has 7.4 million followers and Sputnik’s Facebook page has 1.4 million followers. The media outlets are also on Facebook-owned Instagram, a photo and video service. RT has 839,000 followers on Instagram and Sputnik has 116,000 followers. “It’ll take time for our systems to fully ramp up. Our teams continue to monitor the situation around the clock to take swift action....

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Will people actually use it? The media giant will likely launch its smaller scale Libra cryptocurrency project as soon as January. What Exactly Is Facebook Trying to Do With Cryptocurrency Anyway? sarote pruksachat / Getty Images He said the most appealing aspect of cryptocurrency is the security and ease of use. “At its most basic, cryptocurrency is the representation of value on the Internet,” Raczynski explained. It was only a matter of time before a private company went down the road of their own cryptocurrency....

The UK’s data protection watchdoghas confirmeda penalty for Clearview AI, a controversial facial recognition company. “Even used only by law enforcement agencies, this violates privacy and public confidence in the technology. The leakage of these capabilities into the private sector is a dangerous escalation.” John M Lund Photography Inc / Getty Images Clearview did not immediately respond to a request from Lifewire seeking comment. Placing Limits In Britain, Clearview is getting the cold shoulder....

But is that a good thing? It then compared their effectiveness by digitally adding masks to faces, and doing before/after tests. To launch the tests, NIST used border crossing photographs and photos of applicants for immigration benefits. Unsplash / Atoms The algorithms are getting better. With high-coverage masks, the failure rate rose to just 5%. Even better, these algorithms falsely accepted no more than 1 in 100,000 impostors. Getty Images / Matthew Horwood...

And it might not for months. No president has the direct power to reducemortgage rates, credit card APRs or business loan rates. In reality, economic data plays the starring role here. Here’s a breakdown of what Trump can and can’t do regarding interest rates and the Fed. Who actually sets interest rates? The Federal Reserve sets the federal funds rate, which banks pay to borrow money overnight. To understand how this works in practice, think back to the early days of the COVID-19 pandemic....