Hundreds of political Facebook accounts, groups and pages — and 72 Instagram accounts — have been purged after using fake, AI-generated profile photos to masquerade as Americans, the company announced.
Why it matters: This is the first time Facebook has seen “a systemic use" of AI-generated photos in profile pictures "to make accounts look more authentic," Facebook head of security policy Nathaniel Gleicher told the New York Times.
Netflix's 4,181% return from 2010 to the present makes it the S&P 500's best performer of the decade, CNBC reports.
The big picture: Netflix was the catalyst for the now-ubiquitous streaming wars that have overloaded dozens of major platforms with live and on-demand video.
French authorities have three years to test a new law allowing them to comb social media posts and find evidence of tax fraud or evasion, Bloomberg Tax reports.
Catch up quick: All personal data mined under the law must be public by the user and not password protected, per Bloomberg, and authorities cannot look for evidence that taxpayers have been warned for not filing a tax return.
Outgoing Swiss President Ueli Maurer, who is also the country's finance minister, said Friday that Facebook's cryptocurrency Libra has "failed" in its current form "because central banks will not accept the basket of currencies underpinning it," CNBC reports.
Why it matters: The project is seeking regulatory backing in the country, as it will be issued and governed by the Geneva-based Libra Association.
Spotify announced Friday that it will suspend political ads in early 2020 for its nearly 130 million ad-supported listeners, Ad Age reports.
The big picture: The streaming giant, which said it lacks the resources "to responsibly validate and review" such content, is the latest tech company faced with attempting to figure out how to best handle misinformation and political ads.
