An anonymous reader quotes a report from PC Gamer: The Oculus Quest 2 is a hell of a lot of hardware for $299. In fact, we're convinced that Facebook is making a loss on each unit sold. Even so, that pricing is one of the main reasons it's the most popular headset on Steam and our pick as the best VR headset. Well, that and the ease of use. [...] The thing is, that price seems too good to be true, with no other manufacturer's VR headset close to the specs list of the Quest 2 -- in either tethered or standalone form -- hitting the same low, low price. That money gets you a robust virtual reality headset with 6GB of RAM, a Qualcomm Snapdragon XR2 CPU, 64GB of storage, 1832x1920 per eye display and a pair of controllers. [...]

But there's one factor that could potentially offset that price -- Facebook has access to a whole lot of your data. This is something the Oculus Quest 2 is upfront about: You absolutely need a Facebook account in order to use the device and it does have its data collection policies in black and white. Although what isn't quite so obvious is how much your data is worth to Facebook. At least it isn't without a tiny bit of digging.

There is another version of the Quest 2 that isn't as discounted as the consumer version, and that's the one aimed at businesses. The actual hardware is identical, but the difference is you don't need to login in with a Facebook account in order to use it. The price for this model? $799. There's also an annual fee of $180 that kicks in a year after purchase, which covers Oculus' business services and support, but that just muddies the waters a little. The point being, the Quest 2 for business, the headset from which Facebook can't access your data directly, costs $500 more. So that's looking essentially like the value the social media giant attributes to your data, which either seems like a lot or barely anything at all, depending on your stance. The Supplemental Oculus Data Policy outlines what sort of data is actually being collected when you use the Quest 2. Such things as your physical dimension, including your hand size, how big your play area is using the Oculus Guardian system, data on any content you create using the Quest 2, as well as more obvious stuff like your device ID and IP address.

Zoe Roth, the centerpiece of the "Disaster Girl" meme, has made nearly half a million dollars after selling the original copy as a non-fungible token (NFT), the New York Times reports. From a report: The market for ownership rights to digital art and media as NFTs has recently soared in popularity. Roth's photo was taken in 2005 when she was 4 years old. Her family went to go see a controlled fire in their Mebane, North Carolina, neighborhood. Her father entered the picture in a photo contest in 2007 and won, and for the past decade the "image [has been] endlessly repurposed as a vital part of meme canon," the Times writes. Most Americans are not at all familiar with NFTs, though they have become major buzzwords among asset managers and market participants. All NFTs contain a unique segment of digital code as an identifier of authenticity and are stored on the blockchain, a public digital ledger.

The European Parliament approved a new law on terrorist content takedowns yesterday, paving the way for one-hour removals to become the legal standard across the EU. From a report: The regulation "addressing the dissemination of terrorist content online" will come into force shortly after publication in the EU's Official Journal -- and start applying 12 months after that. The incoming regime means providers serving users in the region must act on terrorist content removal notices from Member State authorities within one hour of receipt, or else provide an explanation why they have been unable to do so. There are exceptions for educational, research, artistic and journalistic work -- with lawmakers aiming to target terrorism propaganda being spread on online platforms like social media sites.

The types of content they want speedily removed under this regime includes material that incites, solicits or contributes to terrorist offences; provides instructions for such offences; or solicits people to participate in a terrorist group. Material posted online that provides guidance on how to make and use explosives, firearms or other weapons for terrorist purposes is also in scope. However concerns have been raised over the impact on online freedom of expression -- including if platforms use content filters to shrink their risk, given the tight turnaround times required for removals.

According to a new study from the CDC, Pfizer and Moderna vaccines were 94 percent effective in preventing hospitalization for COVID-19 among people age 65 and older. The Hill reports: The study provides new evidence on the benefits of vaccination, and builds on results from the clinical trials by adding real-world evidence from 417 hospitalized adults in 14 states from January to March. "This multisite U.S. evaluation under real-world conditions suggests that vaccination provided protection against COVID-19-associated hospitalization among adults aged [65 and older]," the study states.

The 94 percent efficacy rate was for people who were fully vaccinated, meaning they were at least two weeks past their second dose. For people who were only partially vaccinated, meaning they were more than two weeks past the first dose but less than two weeks past the second dose, effectiveness was 64 percent. Notably, no significant effectiveness was found for people who were less than 14 days past their first dose, highlighting that it takes some time for protection to kick in and that people should not disregard precautions right away. The results show that as vaccinations spread, hospitalizations and deaths are set to decline, the CDC said.

An anonymous reader quotes a report from The Guardian: Chinese social groups, enterprises and public entities will have increased responsibility to combat foreign espionage under new regulations issued by the country's ministry of state security. The regulations, which were released and took effect on Monday, come amid deepening hostilities between China and some western governments, including over the detention of foreigners accused of national security crimes. According to state media, state security will work with other government departments to "adjust" the list of groups susceptible to foreign espionage and to develop measures to safeguard against it, including Chinese Communist Party and state organs, social groups, enterprises and public institutions.

Once organizations are designated as having anti-espionage responsibility, state security will provide "guidance, supervision and inspection" of their efforts, including personnel vetting, and strict training, monitoring and debriefing for staff trips overseas. Identified organizations must report suspicions and incidents to authorities. It come amid increasing public campaigns to watch out for foreign spies, which state media has warned could be an "intimate lover" or "an online friend with the same interests." According to Li Wei, an expert on national security and anti-terrorism at the China Institute of Contemporary International Relations, the new regulation "places emphasis on companies and institutions taking precautionary measures against foreign espionage." Li said key fields would include companies or institutions working in national defense, diplomacy, economy, finance and tech.

The family of late Samsung Electronics Chairman Lee Kun-hee said on Wednesday they will pay over 12 trillion won ($10.8 billion) in inheritance tax for his estate and donate his vast private art collection to state curators. Reuters reports: Lee, who is credited with transforming Samsung into the world's largest smartphone and memory chip maker, died on Oct. 25 with an estate local media valued at around 26 trillion won. The inheritance tax bill -- one of the largest-ever in South Korea and globally -- has been closely watched due to its potential to dilute the family's controlling stake in Samsung. The family said it planned to pay the bill over five years in six installments, starting this month. "It is our civic duty and responsibility to pay all taxes," the family said in a statement released by Samsung. Analysts have said the family is likely to use loans and dividends from both their own and Lee's shares to pay the tax.

Cybersecurity firm Kaspersky said today it discovered new malware that appears to have been developed by the US Central Intelligence Agency. From a report: Kaspersky said it discovered the malware in "a collection of malware samples" that its analysts and other security firms received in February 2019. While an initial analysis did not find any shared code with any previously-known malware samples, Kaspersky has recently re-analyzed the files and said it found that "the samples have intersections of coding patterns, style and techniques that have been seen in various Lambert families." Lamberts is the internal codename that Kaspersky uses to track CIA hacking operations. Four years ago, after WikiLeaks exposed the CIA hacking capabilities to the public in a series of leaks known as Vault7, US security firm Symantec publicly linked the Vault7 hacking tools to the CIA and the Longhorn APT (another industry name for Lamberts).

CES 2022 is going back to Las Vegas following this year's all-digital event, the Consumer Technology Association said Thursday, as coronavirus restrictions ease in the US. The event will take place Jan. 5-8, with media days taking place Jan. 3-4. From a report: Around 1,000 companies -- including Amazon, AMD, AT&T, Daimler AG, Dell, Google, Hyundai, IBM, Intel, Lenovo, LG, Panasonic, Qualcomm, Samsung and Sony -- are on board for the event, according to the CTA, with more being added. You'll also be able to attend digitally. Plans for the event will evolve depending on coronavirus safety measures from the Centers for Disease Control and Prevention, the CTA noted.

Google's YouTube is already the world's largest online video platform. If continues growing the way it has the last several quarters, it could also match Netflix in revenues by year's end. From a report: In its first-quarter earnings report Tuesday, Google parent company Alphabet said YouTube brought in revenue of $6.01 billion in advertising revenue during the quarter -- up from $4 billion from a year ago, for a growth rate of 49%. That's an acceleration over its 46% growth in Q4. It's also nearly twice the growth rate of Netflix, which reported 24% revenue growth in Q1, and expects growth to slow to 19% next quarter. If its current growth trajectory continues, YouTube will book between $29 billion and $30 billion in revenue this year. Netflix is expected to report $29.7 billion in revenue for 2021, according to an average of estimates from analysts polled by Refinitiv.

Legal services startup DoNotPay is best known for its army of "robot lawyers" -- automated bots that tackle tedious online tasks like canceling TV subscriptions and requesting refunds from airlines. Now, the company has unveiled a new tool it says will help shield users' photos from reverse image searches and facial recognition AI. The Verge reports: It's called Photo Ninja and it's one of dozens of DoNotPay widgets that subscribers can access for $36 a year. Photo Ninja operates like any image filter. Upload a picture you want to shield, and the software adds a layer of pixel-level perturbations that are barely noticeable to humans, but dramatically alter the image in the eyes of roving machines. The end result, DoNotPay CEO Joshua Browder tells The Verge, is that any image shielded with Photo Ninja yields zero results when run through search tools like Google image search or TinEye.

The tool also fools popular facial recognition software from Microsoft and Amazon with a 99 percent success rate. This, combined with the anti-reverse-image search function, makes Photo Ninja handy in a range of scenarios. You might be uploading a selfie to social media, for example, or a dating app. Running the image through Photo Ninja first will prevent people from connecting this image to other information about you on the web. Browder is careful to stress, though, that Photo Ninja isn't guaranteed to beat every facial recognition tool out there.

An anonymous reader quotes a report from CNBC: A second cryptocurrency exchange has collapsed in Turkey amid a crackdown on the industry. The platform, Vebitcoin, said in a brief statement on its website that it has ceased all activities after facing financial strain and that it would update clients on the situation as soon as possible. Days earlier, Thodex, went offline with its CEO reportedly leaving the country. Local media reports say Thodex founder Faruk Fatih Ozer flew to Albania, taking $2 billion of investors' funds with him. Turkey has issued an international arrest warrant for Ozer, while 62 people were detained in connection with complaints filed against Thodex.

Turkish authorities have blocked Vebitcoin's domestic bank accounts and detained four people as part of a probe into the exchange, Reuters reported Saturday. According to CoinGecko data, Vebitcoin had almost $60 million in daily trading volumes prior to its collapse. Some Turks have turned to crypto as a way to protect their savings from skyrocketing inflation and the weakening of its currency, the lira. But there have been growing calls for regulation of the market due to concerns around fraudulent activity. Earlier this month, Turkey's central bank banned the use of digital assets for payments. And President Recep Tayyip Erdogan has called for swift regulation, warning of pyramid schemes emerging in the crypto markets.

An anonymous reader writes: A ransomware gang is threatening to leak sensitive police files that may expose police investigations and informants unless the Metropolitan Police Department of the District of Columbia agrees to pay a ransom demand. A group that emerged this year called Babuk claimed responsibility for the leak. Babuk is known for ransomware attacks, which hold victims' data hostage until they pay a ransom, often in Bitcoin. The group also hit the Houston Rockets N.B.A. team this month.

In their post to the dark web, Babuk's cybercriminals claimed they had downloaded 250 gigabytes of data and threatened to leak it if their ransom demands were not met in three days. They also threatened to release information about police informants to criminal gangs, and to continue attacking "the state sector," including the F.B.I. and the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency. The information already released appeared to include chief's reports, lists of arrests and lists of persons of interest.

A viral internet joke becomes a real-life, good-natured 'battle' for a lot of people with the same first name. Behind the scenes of the 'JoshFight.' From a report: It began as a joke, Josh Swain emphasized. Spring, a year ago. As a pandemic surged, and millions idled at home, Swain, an engineering student at the University of Arizona, was very bored online. He noted that every time he tried to create a social media account, the name Josh Swain was already taken. An amused Swain logged onto Facebook, gathered every "Josh Swain" he could find into a group message, and offered a brash challenge, which was basically this: On April 24, 2021, everyone named Josh Swain should meet at these select coordinates -- 40.8223286, -96.79820002; it turned out to be farmland in Nebraska -- and duel for the right to be The One and Only Josh Swain. "We fight, whoever wins gets to keep the name, everyone else has to change their name, you have a year to prepare, good luck," Swain wrote.

Over time, Swain's terse, off-the-cuff, throw-down to all Josh Swains became a viral internet meme, leaping the curb from a bored joke into something quite real. The battle would broaden from Josh Swains to anyone named Josh, with Joshes from all over suggesting they, too, would come to Nebraska for a fight to be the The Only Josh. Terms of engagement were offered: they'd fight with foam pool noodles. Last Josh Standing wins. A public location was settled upon. (The original one turned out to be a private farm.) There was even a charitable angle: Supporters were asked to make contributions to the Nebraska Children's Hospital and Medical Center Foundation, and bring an item for the local food bank. On Friday, Joshua Swain, 22, got on a plane for Nebraska. And this past Saturday, on a grassy field in Lincoln, it actually happened. Josh vs. Josh vs. Josh vs. Josh vs. Josh, in the JoshFight of the Century. "It was insane," Swain said. "I can't describe it. It's so heartwarming, so incredible. It was a beautiful day."

An anonymous reader quotes a report from Motherboard: A mansion owned by Feras Antoon, a Pornhub executive, was torched in an apparent arson last night. Police told VICE they were initially called to a property in Montreal's upper class Ahuntsic-Cartierville neighborhood at 11:30 P.M when two people were spotted trespassing on the property. Julien Levesque, a media relations officer for Montreal Police, said when authorities arrived on the scene shortly thereafter they found the multi-million dollar property ablaze. The fire was so massive that more than 80 firefighters were called in and the neighbors were forced to evacuate nearby properties. Authorities got the fire under control by 2:30 A.M. and say no one was hurt, although several neighbors had to be evacuated.

"Police officers who arrived on site were able to see that the fire began inside the residence," said Levesque. "Earlier this morning our arson squad from Montreal police took charge of the investigation. They were onsite this morning to analyze all the scene, meet some witnesses to try to understand what was the cause and the circumstances of the beginning of this fire." "Over the weekend, a fire occurred at my residence," Antoon told VICE in a statement. "The residence was under construction. I am grateful that my family and I and our neighbors are safe. Out of respect for the ongoing police investigation, I will not be commenting further." The report notes that MindGeek, Pornhub's parent company, has been under scrutiny from Canadian parliament since December, "when the access to information, privacy, and ethics committee moved to bring the company in for testimony about its 'failure to prohibit rape videos and other illegal content from its site.'"

With a devastating second wave of Covid-19 sweeping across India and lifesaving supplemental oxygen in short supply, India's government on Sunday said it ordered Facebook, Instagram and Twitter to take down dozens of social media posts critical of its handling of the pandemic. From a report: The order was aimed at roughly 100 posts that included critiques from opposition politicians and calls for Narendra Modi, India's prime minister, to resign. The government said that the posts could incite panic, used images out of context, and could hinder its response to the pandemic. The companies complied with the requests for now, in part by making the posts invisible to those using the sites inside India. In the past, the companies have reposted some content after determining that it didn't break the law. The takedown orders come as India's public health crisis spirals into a political one, and set the stage for a widening struggle between American social media platforms and Mr. Modi's government over who decides what can be said online. On Monday, the country reported more than 350,000 new infections and more than 2,800 deaths, marking the fifth consecutive day it set a world record in daily infection statistics, though experts warn that the true numbers are probably much higher. The country now accounts for almost half of all new cases globally. Its health system appears to be teetering. Hospitals across the country have scrambled to get enough oxygen for patients.

The chief executives of Facebook and Apple have opposing visions for the future of the internet. Their differences are set to escalate later today. The New York Times: At a confab for tech and media moguls in Sun Valley, Idaho, in July 2019, Timothy D. Cook of Apple and Mark Zuckerberg of Facebook sat down to repair their fraying relationship. For years, the chief executives had met annually at the conference, which was held by the investment bank Allen & Company, to catch up. But this time, Facebook was grappling with a data privacy scandal. Mr. Zuckerberg had been blasted by lawmakers, regulators and executives -- including Mr. Cook -- for letting the information of more than 50 million Facebook users be harvested by a voter-profiling firm, Cambridge Analytica, without their consent. At the meeting, Mr. Zuckerberg asked Mr. Cook how he would handle the fallout from the controversy, people with knowledge of the conversation said. Mr. Cook responded acidly that Facebook should delete any information that it had collected about people outside of its core apps.

Mr. Zuckerberg was stunned, said the people, who were not authorized to speak publicly. Facebook depends on data about its users to target them with online ads and to make money. By urging Facebook to stop gathering that information, Mr. Cook was in effect telling Mr. Zuckerberg that his business was untenable. He ignored Mr. Cook's advice. Two years later, Mr. Zuckerberg and Mr. Cook's opposing positions have exploded into an all-out war. On Monday, Apple plans to release a new privacy feature that requires iPhone owners to explicitly choose whether to let apps like Facebook track them across other apps. One of the secrets of digital advertising is that companies like Facebook follow people's online habits as they click on other programs, like Spotify and Amazon, on smartphones. That data helps advertisers pinpoint users' interests and better target finely tuned ads. Now, many people are expected to say no to that tracking, delivering a blow to online advertising -- and Facebook's $70 billion business.

At the center of the fight are the two C.E.O.s. Their differences have long been evident. Mr. Cook, 60, is a polished executive who rose through Apple's ranks by constructing efficient supply chains. Mr. Zuckerberg, 36, is a Harvard dropout who built a social-media empire with an anything-goes stance toward free speech. Those contrasts have widened with their deeply divergent visions for the digital future. Mr. Cook wants people to pay a premium -- often to Apple -- for a safer, more private version of the internet. It is a strategy that keeps Apple firmly in control. But Mr. Zuckerberg champions an "open' internet where services like Facebook are effectively free. In that scenario, advertisers foot the bill. The relationship between the chief executives has become increasingly chilly, people familiar with the men said. While Mr. Zuckerberg once took walks and dined with Steve Jobs, Apple's late co-founder, he does not do so with Mr. Cook. Mr. Cook regularly met with Larry Page, Google's co-founder, but he and Mr. Zuckerberg see each other infrequently at events like the Allen & Company conference, these people said.

"Nomadland" director Chloe Zhao made history on Sunday by becoming the first woman of color and first Chinese woman to win the Oscar for best director. Official media, major search engines and internet censors in her home country are making as if it didn't happen. From a report: Ms. Zhao's win, just the second time a woman has walked away with best director, unleashed a flurry of congratulatory messages on Chinese social-media sites when it was announced Monday morning Beijing time. By midafternoon, nearly all of the posts had been erased. Searches for her name on Baidu and Sogou, the country's dominant search engines, produced numerous links to news of her previous accolades but only scattered links to deleted articles about the Academy Award honor.

State broadcaster China Central Television, the official Xinhua News Agency, and Communist Party mouthpiece the People's Daily stayed silent on the award throughout the day. Two state media reporters told the Journal they had received orders from China's propaganda ministry not to report on her victory, despite what they described as her status as a Chinese national, because of "previous public opinion." China's Foreign Ministry declined to comment on the removal of social-media posts during a regular news conference on Monday, saying it wasn't a diplomatic issue.

The New York Times reports: Netflix still rules the streaming universe. As of the end of March, it had 207.6 million total paying subscribers, with about 67 million in the United States, the company noted in an earnings report on Tuesday. But its main competitors — Disney+, HBO Max, Paramount+ and AppleTV+, as well as the old-guard streamers Amazon Prime Video and Hulu — have cut into Netflix's share of viewers' attention... according to the data firm Parrot Analytics, which has developed a metric to rate not only the number of viewers for given shows, but their likelihood of attracting subscribers to a streaming service.

In its latest rankings, Parrot reported that Netflix's share of total demand — a measure of the popularity of its shows — was slightly above 50 percent for the first three months of the year, compared with 54 percent a year ago and 65 percent in the first quarter of 2019. In other words, competitors have started eating into Netflix's dominance.

That showed up in the numbers. For the first quarter of 2021, Netflix reported the addition of four million new customers, below the six million it had forecast. The company expects to add only one million new customers for this current quarter ending in June. Netflix shares plummeted about 10 percent in after-hours trading on Tuesday, after the earnings announcement...

Although competitors are gaining ground, Netflix is in its best financial shape of its history. It hit a milestone at the end of last year, when it said it would no longer look to borrow money to fund its content slate. Another way to look at it: Netflix finally became a truly profitable business after topping 200 million subscribers, each paying an average of $11 a month. In other words: Its competitors are still losing lots of money on streaming.

Bitcoin "fell dramatically in late April," writes The Street, "sinking from its mid-month high of around $64,000" to Sunday's current price of $47,600 — a drop of over 25% in less than two weeks.

So this week the Street spoke to Bobby Ong, the chief operating officer at the cryptocurrency data aggregator CoinGecko, asking "Was that just par for the course — normal volatility — of something else?" Ong: The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase initial public offering. The excitement of having the first crypto company IPO also led bitcoin's price to hit a new all-time high of $64,804.

However, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.

The selloff happened during the weekend when there were thinner order books. With high leverage and thin order books, even a small decrease in price will trigger a sharp drawdown and cause a downward spiral in price.

Naturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.

TheStreet: Do you see the decline as a chance for people to get into it at a cheaper price?

Ong: It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it's U.S. institutions, and soon it will be governments.

"Ville de Bitche is a town situated in northwestern France with a rich military history, pastoral landscape, and an unfortunate sounding name," reports Slate. (Adding that the "e" is silent....)

"Recently tiny Bitche made international headlines after Facebook mistook the city's name for a swear word and deleted the town's Facebook page." The city's communication manager, Valêrie Degouy, contacted Facebook on March 19 to explain the situation and ask the company to reverse its decision — for the second time. (The page was previously deleted in 2016.) As she awaited Facebook's response — which apologized and reinstated the page Tuesday — Degouy set up a new page for her town, under the name of Marie 57230, her city's postal code. Although Facebook's mistake seems innocuous enough, for the towns located around Bitche, local Facebook pages serve as the main form of communication. Shutting the page down effectively creates a local news blackout. When Rohrbach-les Bitche — a nearby town in the region — heard about the deletion, it quickly rid "ls-Bitche" from its Facebook page name to avoid a similar fate...

The residents of Bitche are far from alone in their reliance on Facebook for local news. In the United States alone, more than 2,000 local newspapers have closed over the past two decades, according to an estimate from Joshua Scacco, associate professor of political communication at the University of South Florida. In these news deserts, Facebook has risen as an alternative information source, allowing anyone with an account to share updates and post events...

But Facebook is not only filling the local news void — it is tied to local papers' disappearance. "Social and digital media are a contributing factor in thinking about the declines of the presence of local newsrooms, as well as what that coverage looks like for the local newsrooms that remain," Scacco says. Facebook is moving advertising dollars away from local newspapers, and even driving the content local newspapers create. Local news coverage often panders to Facebook's algorithms when creating content and headlines, notes Ashley Muddiman, a communications professor at the University of Kansas.