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Social Media – A Global Force In Need of Reform
It’s been less than 15 years since social media took off in the US and less than that globally. But given the huge influence of these platforms, it seems they’ve been around a lot longer. In Sweden today, 76% of all residents have a Facebook account and 54% use Facebook at least once a day – every day of the year – according to Facebook’s own statistics from 2019. If you add all the other platforms, the number of account holders is certainly over 90% of the Swedish population and almost as many globally use one of their accounts daily.…
SVD today regarding fraud in the tech world. Lars Olofsson and the juicyfieldscase is mentioned for the META lawsuit
https://www.svd.se/a/abOyBd/svd-tech-brief-sam-bankman-fried-fran-ftx-talar-ut-pa-scen? ”Swedish sues Zuck. Is a published advertisement enough to be considered aiding and abetting fraud? That’s the question lawyer Lars Olofsson wants to answer by suing Mark Zuckerberg, Metas CEO, in Luleå District Court. The company Juicy fields used Facebook to attract customers, but turned out to be a scam. Now those who lost their money want redress.”
The prosecution of Mark Zuckerberg has now reached the Supreme Court in Sweden
CEO of META Platforms Inc., Mark Zuckerberg, is charged in Sweden with aiding and abetting aggravated fraud. If convicted, Zuckerberg could face up to 8 years in prison. META has its largest server facility in northern Sweden, where more than 1.3 billion Facebook users are connected. Attorney at Law Lars J. Olofsson represents about 1,500 crime victims, from 58 countries, in one of modern times’ largest investment frauds, Juicy Fields, where about 125,000 people worldwide have lost more than 3 billion Euros. Most of the marketing of the scam has taken place on Facebook and Instagram with paid ads…