Facebook said in its lawsuit that the company and its directors made at least $9.4 million from selling fake engagement on Instagram.
This was done through websites that included SocialEnvy.co, IGFamous.net, and Likesocial.co, according to the suit. Instagram will soon start cracking down on accounts that use third-party apps to dole out fake likes and followers
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Facebook is suing a New Zealand company and three people over fake Instagram likesFacebook filed a lawsuit in a U.S. federal court against a New Zealand company and three people for allegedly selling fake likes, views and followers to Instagram users. DevinCow NunesAlt Forget being mad over fake likes... how bout all our information being compromised through Facebook like 10 times? How bout all our personal info being sold without our consent? Is this a joke? Half the likes on IG come from like farms in Asia.
Source: CNBC - 🏆 12. / 72 Read more »
Licensing Company Authentic Brands in Talks to Buy Sports Illustrated for About $110 MillionLicensing company Authentic Brands Group has emerged as a leading contender to buy Sports Illustrated from Meredith. Good Investment. damn! it sucks when you don't have the $$ to instantly buy it. I am imagining wonderful things with such magazine. There’s nothing authentic besides the bullshit of any newsbrand. Why? Is destruction of shareholder value now part of Authentic Brands corporate strategy? Just wait a year for the price to plummet further.
Source: WSJ - 🏆 98. / 63 Read more »
Facebook files lawsuit against New Zealand company, three peopleFacebook files lawsuit against a company and three people in New Zealand, alleging the sale of fake engagement services on its Instagram photo-sharing platform Maybe FB should go back to being a college student only platform. But hasn't lifted a finger about enabling and live-streaming murder. You have blood on your hands Facebook, and clear your profit motive is much stronger than any other. Get your priorities right.
Source: Reuters - 🏆 2. / 97 Read more »
This engineer thought business people were crooks until he founded a company and made billionsWhen Mo Ibrahim was growing up in Alexandria, Egypt, he idolized scientists such as Marie Curie and became a telecommunications engineer. Now he is a billionaire — something he never expected, because he didn't trust initially trust business people. Business people are crooks....oh wait...........I made billions!.......business people are not crooks because I made billions!
Source: CNBC - 🏆 12. / 72 Read more »