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Viewpoint: Big Tech is an extractive industry, it must be regulated as such
Web activists have long bemoaned the dangers to privacy posed by these firms. But now the squeaky clean liberal image of Big Tech has been shattered by the scandal around Cambridge Analytica's use of personal Facebook data to help win the Brexit and Trump votes.
- Categories
- Technology
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‘Socially responsible’ investors reassess Facebook ownership
“The lid is being opened on the black box of Facebook’s data practices, and the picture is not pretty,” said Frank Pasquale, a University of Maryland law professor who has written about Silicon Valley’s use of data.
- Categories
- Investing
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Why India’s fintech, e-com firms fear Google, Facebook
In the fight between information technology, fintech and e-commerce firms in India and Google and Facebook, the global giants seem to be winning hands down. It is becoming a matter of survival for these sectoral ones, as one-stop solutions such as business listings, travel bookings, money transfers and financial services are available on both platforms and these firms rely on Google and Facebook to promote their services.
- Categories
- Inclusive Fintech
- Region
- South Asia
- Tags
- e-commerce, Facebook, fintech, mobile money, Paytm
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The intensifying battle for Africa’s burgeoning tech landscape
The scale and complexity of Africa’s technical landscape sits at the heart of the problem, and connectivity issues are particularly prevalent. Internet users in Africa represent only 10 percent of the total users in the world, despite representing 16 percent of the world population, according to Internet World Stats. And only 31 percent of the total population has access to the internet, which represents a penetration that is well below the rest of the world at 52 percent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Unilever threatens online ad cuts to clean up internet
“Unilever, as a trusted advertiser, do not want to advertise on platforms which do not make a positive contribution to society,” Weed plans to say, according to a copy of the speech seen beforehand.
- Categories
- Technology
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Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe
B Capital, the investment firm from Facebook co-founder Eduardo Saverin backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country.
- Categories
- Inclusive Fintech
- Region
- South Asia
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Kenya: Facebook-Linked Mobile Lender Raises $2M for M-Pesa Loans
Branch, a Facebook-linked mobile phone lending app, has raised 200 million Kenyan shillings ($2M) by issuing a commercial paper. The Silicon Valley start-up will use the funds to grow its loan book.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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