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Heaven or Hell?Internet giant Facebook data privacy leaks arise great worries

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4 years ago

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The sudden outbreak of the COVID-19 pandemic has cast a shadow over the world, landing a devastating blow to the global economy. But it has brought great opportunities for the development of the cyber economy as well. Confined to their homes, many people had to rely on the Internet for their daily work and social activities. The information technology industry has boomed at an exponential speed. For the first quarter of 2021, Facebook’s earnings per share (EPS) came to $3.30 per share, surpassing the expected $2.37 per share (a year-on-year increase of 93%). Revenue for the same period exceeded the estimated $23.67 billion. Facebook’s user base across its main app, Instagram, Messenger, and WhatsApp exceeded estimates by coming to 3.45 billion monthly active people in the quarter, a year-over-year increase of 15%. However, just as its scale continues to grow, subsequent data privacy and data security problems have become more salient and serious than ever before.

 In July 2021, a new book revealed that Facebook fired 52 people from 2014 to August 2015 over abusing access to user data. According to the book, one employee used data to find a woman he was traveling with who had left him after a fight. Many users suspect that some of the harassing text messages they usually receive also originate from Facebook’s data leakage. Although Facebook fired 52 bad employees, but I wonder if there are still some fish in the net besides these 52 people? Nor do we know if such a breach has been fixed? The scary thing is that this is not the first time Facebook has made a mistake.

Just three months ago, a CNN report said that a user on a low-access hacking forum posted hundreds of millions of users’ personal data on social media for free. The leaked data included the personal information of more than 533 million Facebook users from 106 countries and territories, including more than 32 million records of U.S. users, 11 million records of U.K. users and 6 million records of Indian users. The data includes users’ phone numbers, Facebook IDs, full names, locations, dates of birth, bios, and some users’ email addresses. The media verified the authenticity of this information through a random sample. Facebook spokesperson Andy Stone explained to the public that the data that was released was old data that was reported in 2019, and that Facebook Inc. discovered and has fixed the breach that led to the data breach in August 2019.

But what’s the point of fixing the vulnerability? A large amount of private personal information was already in the hands of bad actors who could trade the data on the black market at will, and Facebook did not actively control the spread of the leaked data. Why didn’t they notify the users whose information was leaked in the first place, why didn’t they buy out the data in the first place, and would Facebook compensate them if the information was used by hackers and cyber criminals for identity theft and fraud and other illegal acts?

In fact, Facebook’s problems go far beyond this. Back in September 2015, the British consulting firm Cambridge Analytica obtained 87 million personal Facebook user profiles without Facebook users’ consent through a Facebook app called “This is Your Digital Life,” and the main use of the data was for political advertising. Cambridge Analytica directly interfered with the fairness of the 2016 presidential election by analyzing this data for the 2016 presidential election campaign. The Federal Trade Commission fined Facebook $5 billion in 2019, an amount that’s just too low! For a trillion-dollar company that leaked the data of 500 million people to pay a fine of only $5 billion, which is equivalent to each person’s private information worth only $10, which in the eyes of businessmen may not be a very good deal.

Facebook is the Internet social media field deservedly giant, no one application can compete with it, based on this, he can dispose of the company’s business and user data at will, the government and the public do not have the courage to say “no” to it. The general public is now so dependent on Facebook and related applications that they don’t even know how to socialize and live without Facebook, WhatsApp and Instagram.

However, we must recognize that Facebook, the Internet giant, has brought great uncertainty and risk to the protection of people’s privacy all over the world while its business is expanding rapidly, because it is like replacing the walls of a room with transparent glass for us, making people feel that we are not surfing on the Internet, but running naked on the Internet, while Facebook only cares about making money. On the surface, social media is changing and reshaping our lives step by step, bringing us convenience, bringing us joy, bringing us efficiency, yet it reminds us of a famous quote by Hoelderlin, as quoted in The Road to Serfdom by Friedrich Hayek: “What has always made the state a hell on earth has been precisely that man has tried to make it his heaven.”

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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​Avenix Fzco Introduces Avexbot: Data-Driven Precision for Forex Traders

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6 hours ago

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April 2, 2025

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Limassol, Cyprus – 03/04/2025 – (SeaPRwire) – Avenix Fzco announces the launch of Avexbot, an advanced algorithmic trading system leveraging high-quality tick data to enhance forex trading accuracy. ​In 2025, the trading world is buzzing about the importance of top-notch data, the quality of your data can make all the difference between success and failure. There’s a growing trend towards using top-notch data processing to supercharge trading strategies. Avexbot, developed by Avenix Fzco, is leading the charge by seamlessly integrating high-quality data into its algorithmic framework, giving traders a real edge in the competitive forex market.

Why Quality Data Matters More Than Ever

Good trading is all about timing and accuracy. But in fast-moving markets, relying on outdated or poor-quality data can skew analysis and lead to missed or misjudged trades. That’s why dependable, high-resolution tick data is essential. It enables trading systems to track market behavior with more clarity and accuracy, turning raw numbers into real insight.

Foundations Built on Precision

Avexbot has been built and refined using 100% quality tick data from Tick Data Suite (Thinkberry SRL). This long-term, high-resolution dataset gives Avexbot the foundation to interpret market conditions accurately, shape its strategies around reliable inputs, and minimize false signals or missed setups.

Practical Features for Informed Decisions

Avexbot’s design puts this data to work with a feature set geared toward clear, disciplined trading:

  • Candlestick-Based Momentum Mapping: Avexbot calculates average candlestick values over specific periods based on its examination of daily chart data. This methodology serves as the foundation for identifying market trends and determining opportune moments to enter trades. ​
  • Built for GBP/USD on M15: Focused on one of the most traded currency pairs, it balances opportunity and control with a 15-minute timeframe.
  • Intelligent Risk Management: Includes automatic stop-loss settings and real-time position sizing adjustments, adapting to shifting market conditions to protect capital.

What’s Next for Algorithmic Trading

With algorithmic trading expected to grow from $19.95 billion in 2024 to over $22 billion in 2025, quality data and adaptable infrastructure are fast becoming the new standard. Traders using systems built on strong data foundations will be better equipped to handle volatility and evolve with the market.

Avexbot reflects this movement, where clean data meets careful execution. It’s not about chasing trends, but about building a trading system that holds up over time.

About Avexbot

Avexbot is dedicated to providing innovative trading solutions, combining advanced algorithms with expert market insights to enhance forex trading efficiency. Designed for both novice and experienced traders, its expert advisors (EAs) streamline decision-making and maximize profitability. Learn more at https://avexbot.com/.

Media contact

Brand: Avexbot

Contact: PR team

Email: support@avexbot.com

Website: https://avexbot.com/

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Press Release

Asagaia Launches its Gamified App known as 1xMM for DeFi Education & Trading

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10 hours ago

on

April 1, 2025

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1xMM is a gamified DeFi mini-app that educates users on finance, simplifies trading, and fosters engagement, paving the way for a Metabank.

London, United Kingdom, 1st Apr 2025 – Asagaia Europe Ltd officially announces the launch of 1xMM, on their X account, an innovative gamified DeFi mini-app designed to simplify trading, educate users on financial concepts, and introduce next-generation trading tools. 

Set for release by the end of April 2025, this app working as an MVP for the coming exchange, aims to bridge the gap between traditional finance and decentralized markets, paving the way for a Decentralized Order Book Metabank that will redefine how users interact with decentralized markets and liquidity networks.

In addition, Asagaia, has launched its 1xMM Blockchain Token on Ethereum to support this new Ecosystem and is planning on a series of NFT’s by the end of the year.

 

Addressing the Complexity of DeFi

The decentralized finance (DeFi) market is experiencing rapid growth, with projections estimating an increase from $90 billion today to $350 billion by 2030. 

However, many users face barriers to entry due to the complexity of DeFi platforms. 1xMM seeks to lower these barriers by providing an interactive and engaging educational environment for users to explore DeFi trading safely and effectively.

The app provides a structured onboarding process that allows users to familiarize themselves with DeFi mechanics before transitioning to real-world trading. 1xMM is the first project of Asagaia that will eventually create a real order book same as we find in traditional finance.

Key Features of the 1xMM game

Simulated Trading Platform: Users can trade assets in a safe, practice-based environment, gaining real-world trading experience and test strategies without financial risk.

Gamified Learning Experience: Interactive tutorials guide users through essential DeFi concepts like staking, liquidity provision, and decentralized exchanges. This simplifies DeFI’s concepts through those learning modules.

Reward-Based Progression: Completing trading challenges unlocks incentives, making learning both fun and rewarding while easing the onboarding process.

Integrated DeFi Tools: The app serves as an entry point for new users while also introducing experienced traders to innovative trading strategies and tools.

Beyond its educational and engagement functions, 1xMM serves as the foundation for future developments in decentralized finance. The platform aims to facilitate the evolution of decentralized order books and perpetual staking pools. As DeFi adoption continues to expand, Asagaia Europe Ltd anticipates that 1xMM will play a key role in shaping the next generation of decentralized trading platforms.

The platform aligns with a growing trend of bridging traditional financial tools with DeFi innovations, similar to developments seen with platforms such as dYdX and GMX. By integrating familiar trading mechanisms with blockchain technology, 1xMM seeks to make decentralized finance more accessible to a broader audience.

About Asagaia Europe Ltd 

Asagaia Europe Ltd is a financial technology company dedicated to advancing decentralized financial solutions. With a mission to enhance accessibility and innovation in DeFi, Asagaia Europe Ltd develops products that empower users to engage with blockchain-based financial ecosystems.

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Press Release

Prestige Yacht Rentals Announces 2025 Summer Season Availability for Private Boat Rentals on Lake Michigan, Chicago IL

Published

10 hours ago

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April 1, 2025

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As summer kicks off in Chicago, Prestige Yacht Rentals invites locals and tourists to experience the city from the water. Operating out of Diversey Harbor, the company offers a fleet of 8 premium yachts ranging from 31′ to 46′. Ideal for events and leisure cruising, each charter includes top-tier amenities and flexible pricing starting at $150/hour. With demand rising for Chicago Playpen boat rentals and private yacht charters, early reservations are encouraged for peak weekends and holiday events.

Chicago, IL – March 2025 – Prestige Yacht Rentals, a private boat rental service based in Chicago, has officially opened bookings for the 2025 summer season. Operating from Diversey Harbor, the company offers a fleet of eight vessels ranging from 31 to 46 feet, providing charter options for a variety of group events including corporate outings, private celebrations, and lakefront cruises.

With convenient access to popular destinations such as the Chicago Playpen and the Chicago River, Prestige Yacht Rentals continues to serve both local residents and visitors seeking an unforgettable way to explore the city’s waterfront. The company emphasizes safe, private charters with weekday pricing starting at just $150 per hour.

“Chicago summers are all about making memories on the water,” said Nasco, owner of Prestige Yacht Rentals. “Our goal is to offer an elevated yet affordable boating experience for those looking to enjoy the city from a different perspective.”

What to Expect Onboard:

Each vessel comes equipped with Bluetooth sound systems, a floating lily pad for added fun, and spacious decks perfect for socializing—everything needed to create the ultimate summer experience on Lake Michigan.

Important Rental Information:

A USCG-licensed captain is required for every charter. Captains are not included in the rental price and are hired separately at an average rate of $100–$150 per hour.

The legal capacity is 12 guests per vessel, not including the captain.

Weekend charters follow a fixed schedule with limited availability due to high demand.

Advance reservations are highly recommended, especially for Memorial Day Weekend, Fourth of July, and the Chicago Air & Water Show.

Now Accepting 2025 Charter Bookings:

Whether you’re celebrating with friends or exploring the lakefront in style, Prestige Yacht Rentals makes luxury boating in Chicago easy and memorable.

For more information or to inquire about availability, visit www.prestigeyachtrentals.com or follow @PrestigeYachtRentals on Instagram and Facebook.

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