Facebook is not equipped to stop the spread of authoritarianism

Facebook isn’t responsible for government decisions to clamp down on free expression. But the question remains: How can companies stop assisting authoritarian governments, inadvertently or otherwise?

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Facebook and Twitter remove accounts spreading fake news ahead of Bangladesh’s elections

Twitter and Facebook announced this morning they’ve removed a combined total of 30 accounts that were working to spread misinformation in Bangladesh, ten days before the country’s general elections. According to Facebook, the company removed nine Facebook Pages and six Facebook accounts that were engaging in “coordinated inauthentic behavior.” Twitter said it removed 15 accounts that […]

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Netflix rival Iflix launches $5M search for up-and-coming filmmakers in Asia

Netflix is increasing its efforts in Asia after it commissioned more local content and began testing more aggressive price points, but one local rival is hitting back with a program to spotlight promising creators in the region. Malaysia-headquartered Iflix, which operates in 26 countries across Africa, the Middle East and Asia, today announced a $5 million program […]

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Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh

Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh — the South Asian country that’s home to 160 million people — where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao’s closest rival, Shohoz, has also pulled in […]

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Facebook bans Myanmar military accounts for ‘enabling human rights abuses’

Facebook is cracking down on the military leadership in Myanmar, the Southeast Asian country where the social network has been identified as a factor contributing to ethnic tension and violence. The U.S. company said today that it removed accounts belonging to Senior General Min Aung Hlaing, who is commander-in-chief of the armed forces, and the military-owned Myawady […]

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Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion

Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors have been flying about this huge financing deal for the past month or so, with multiple publications reporting that Ant […]

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Bangladesh’s version of Go-Jek raises over $10M in a round led by Go-Jek

$4.5 billion-valued ride-sharing startup Go-Jek may be busy in Southeast Asia, where it is aiming to step into the gap following Uber’s exit, but that isn’t stopping it from looking at opportunities elsewhere in the world. Over in Bangladesh, motorbike-taxi hailing service Pathao has announced that it raised a “pre-Series A” investment led by Go-Jek. […]

View More Bangladesh’s version of Go-Jek raises over $10M in a round led by Go-Jek