Apps
EQUIFAX is now Under Criminal Investigation by DOJ
Remember when I briefly mentioned EQUIFAX’s odd behavior when I talked about them hiring a Music Major? While EQUIFAX was deciding when to tell consumers about the massive security breach that compromised the personal data of 143 million or so Americans, three executives just happened to sell off some of their stock.
That was a great choice that certainly wouldn’t backfire, except it did. Now the U.S. Justice Department has opened a criminal investigation into whether they violated insider trading laws when they sold stock before the company disclosed the hack, as a reward for EQUIFAX’s way of thinking.
That’s right, EQUIFAX seems like it won’t get out of trouble any time soon. Now that the department of justice and multiple people are waving their torches and pitchforks at them.
U.S. prosecutors in Atlanta, who the people said are looking into the share sales, said in a statement they are examining the breach and theft of people’s personal information in conjunction with the Federal Bureau of Investigation. The Securities and Exchange Commission is working with prosecutors on the investigation into stock sales, according to another person familiar with the matter.
Let’s take a look at the fishy actions they did in a little bit more depth. According to the Bloomberg report, EQUIFAX disclosed earlier this month that it discovered a security breach on July 29. The three executives sold shares worth almost $1.8 million in early August. The company has said the managers didn’t know of the breach at the time they sold the shares.
The reason why this is a violation of the law is because when handling Insider Trading. The seller has to be aware of nonpublic information. In other words, the data breach must have been known by EQUIFAX and the companies they were selling the stock to. However, the latter didn’t get informed until the incident popped up and their stock started plummeting.
“The U.S. Attorney’s Office for the Northern District of Georgia is working with the FBI to conduct a criminal investigation into the Equifax breach and resulting theft of personal information.” Said U.S. Attorney John Horn in a statement. Let’s hope that the DOJ manages to find the dirt they require to make justice prevail. And I still hope for the best to those affected by one of the biggest Cybersecurity disasters in history.
Android
Google Chrome now has a ‘picture-in-picture’ feature
Google is getting ready to make a big change to how its Chrome browser works. This is because new browsers from startups like Arc are making the market more competitive. The company said on Wednesday that it will be adding a new feature called “Minimized Custom Tabs” that will let users tap to switch between a native app and their web content. When you do this, the Custom Tab turns into a small window that floats above the content of the native app.
The new feature is all about using Custom Tabs, which is a feature in Android browsers that lets app developers make their own browser experience right in their app. Users don’t have to open their browser or a WebView, which doesn’t support all of the web platform’s features. Custom tabs let users stay in their app while browsing. Custom tabs can help developers keep users in their apps longer and keep them from leaving and never coming back.
If you make the Custom Tab into a picture-in-picture window, switching to the web view might feel more natural, like you’re still in the native app. People who send their customers to a website to sign up for accounts or subscriptions might also find this change useful, since it makes it easier for users to switch between the website and the native app.
After being shrunk down to the picture-in-picture window, the Custom Tab can be pushed to the side of the screen. Users can tap on a down arrow to bring the page back to the picture-in-picture window when it is full screen.
The new web experience comes at a time when Google is making it easier for Android users to connect to the web. People can find their way to the web with AI-powered features like Circle to Search and other integrations that let them do things like circle or highlight items.
The change is coming to the newest version of Chrome (M124), and developers who already use Chrome’s Custom Tabs will see it automatically. Google says that the change only affects Chrome browsers, but it hopes that other browser makers will add changes like these.
Apps
Threads finally starts its own program to check facts
Meta’s latest social network, Threads, is launching its own fact-checking initiative after leveraging Instagram and Facebook’s networks for a brief period.
Adam Mosseri, the CEO of Instagram, stated that the company has recently implemented a feature that allows fact-checkers to assess and label false content on threads. Nevertheless, Mosseri refrained from providing specific information regarding the exact timing of the program’s implementation and whether it was restricted to certain geographical regions.
The fact-checking partners for Threads—which organizations are affiliated with Meta—are not clearly specified. We have requested additional information from the company and will revise the story accordingly upon receiving a response.
The upcoming U.S. elections appear to be the main driving force behind the decision. India is currently in the midst of its general elections. However, it is improbable that a social network would implement a fact-checking program specifically during an election cycle rather than initiating the project prior to the elections.
In December, Meta announced its intention to implement the fact-checking program on Threads.
“At present, we align the fact-check ratings from Facebook or Instagram with Threads. However, our objective is to empower fact-checking partners to evaluate and assign ratings to misinformation on the application,” Mosseri stated in a post during that period.
Apps
Mark Zuckerberg reports that Threads has a total of 150 million users who engage with the app on a monthly basis
Threads, Meta’s alternative to Twitter and X, is experiencing consistent and steady growth. During the Q1 2024 earnings call, Mark Zuckerberg stated that the social network currently has over 150 million monthly active members, which is an increase from 130 million in February.
Threads made significant progress in integrating with ActivityPub, the decentralized protocol that powers networks such as Mastodon, during the last quarterly earnings conference. In March, the firm granted U.S.-based users who are 18 years of age or older the ability to link their accounts to the Fediverse, enabling their posts to be seen on other servers.
By June, the business intends to make its API available to a broad range of developers, enabling them to create experiences centered on the social network. Nevertheless, it remains uncertain whether Threads will enable developers to create comprehensive third-party clients.
Meta just introduced their AI chatbot on various platforms like Facebook, Messenger, WhatsApp, and Instagram. Threads was conspicuously omitted from this list, perhaps because of its lack of built-in direct messaging capabilities.
Threads introduced a new test feature on Wednesday that allows users to automatically archive their posts after a certain length of time. Additionally, users have the ability to store or remove specific postings from an archive and make them accessible to the public.
Threads is around nine months old, and Meta has consistently expanded its readership. Nevertheless, Threads cannot be considered a viable substitute for X, as Instagram’s head, Adam Mosseri, explicitly stated in October that Threads will not “amplify news on the platform.” However, Meta’s social network continues to grow in popularity. According to app analytics company Apptopia, Threads now has more daily active users in the U.S. than X, as Business Insider reported earlier this week.
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