Wikipedia confirmed that it would black out all English language versions of its website around the globe this Wednesday, in opposition to two proposed anti-piracy laws in the US.
More than 1800 “Wikipedians” discussed various protest actions they could take to stall the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA), and late on Monday, settled on the 24-hour blackout, to begin at 5 a.m. UTC/GMT on Wednesday.
Wikipedia users will not be able to read or edit English pages, though articles about SOPA and PIPA will remain accessible to readers. Read more
Facebook began showing paid advertising to people in their news feeds today, and introduced a new label for the paid posts that could confuse users about their origins, rather than clarify that the message was placed by an advertiser. Read more
US regulators charged a financial adviser with trying to sell $500bn-worth of fraudulent securities on LinkedIn, and issued an alert warning investors of a growing number of social media schemes.
The Securities and Exchange Commission also called on investment advisory firms to bring their anti-fraud monitoring systems up to date with the evolutions in online communication.
The actions signal a determination of the SEC to pursue fraud on social media sites, and raise the stakes among the many investment firms who have been struggling to find the right technology to track their staff’s social network activity and comply with federal laws. Read more
Peter Thiel, co-founder of PayPal and an early investor in Facebook, said the US’ inefficient health care system is a problem Silicon Valley technologists and data scientists are positioned to solve.
“It is my view that the health care system could be dramatically better,” he said at a conference for doctors on Friday. “The intersection of computer science and information technology in health care, and some kind of automation, has to be the obvious next step.” Read more
Google has upped the ante against Groupon in the increasingly flooded daily deals market, with a new personalization mechanism to help better target deals to subscribers – something Groupon has been trying to do for months with limited success. Read more
After dedicating the last couple years to building a secondary market system where employees at private companies like Facebook and Twitter can sell shares, New York-based SecondMarket put itself up for trade on its own exchange. Read more
Twitter is suing one of its third-party developers in its battle to win trademark registration of the term “tweet.” Read more
LinkedIn’s new “Apply with LinkedIn” button began appearing alongside job postings on a thousand different company websites on Monday, including Netflix and LivingSocial, allowing candidates to submit their LinkedIn profile in lieu of a resume or application form.
The product announcement comes the week before LinkedIn will release its first quarterly revenue statement, following its massive IPO in May, and must respond to investors looking for regular returns. Read more
Next Monday, when Groupon sends out its latest cutely-worded deal offerings for sushi and pedicures, in the mix will also be a virtual product: an exclusive audio download of David Gray’s live concert album, Lost and Found – Live in Dublin 2011. Read more