New Delhi: Meta, formerly Facebook, is revising its rules and will stop letting its users to post private residential information if it was publicly available. The development comes after the Oversight Board’s recommendation to remove an exception that allowed Meta users to share an individual's residential address as long as it is “publicly available”. The social networking giant is also testing a new way to report privacy violations. The change would be implemented by the end of the year.
"As the board notes in this recommendation, removing the exception for 'publicly available' private residential information may limit the availability of this information on Facebook and Instagram when it is still publicly available elsewhere," the company wrote in a post.
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"However, we recognise that implementing this recommendation can strengthen privacy protections on our platforms. We will fully implement this recommendation, as well as the board’s recommendation that we allow the sharing of imagery that displays the external view of private residences in various scenarios, but not when there is a context of organising protests against the resident," the company added.
Meanwhile, the Facebook parent is eyeing the finance space and it is building a digital currency that it calls "Zuck Bucks". It is going to be a virtual currency for the Metaverse, media reports said last week. This is despite the fact that Facebook's cryptocurrency project Diem collapsed after facing several roadblocks from regulators.
Seemingly named after the company's CEO Mark Zuckerberg, Zuck Bucks won't be a cryptocurrency based on blockchain, but it will be an in-app token that will be centrally controlled by the Meta Group, according to a report published in Financial Times.