Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Meta Platforms, Inc (NASDAQ:META) prosecuted Octopus Data, the U.S. subsidiary of a Chinese national high-tech enterprise Shenzhen Vision Information Technology Co.
- Octopus Data allegedly offered data scraping services for Facebook and Instagram.
- Meta also prosecuted a Turkey-based individual, Ekrem Ateş, for allegedly setting up automated Instagram accounts to scrape data from 350,000 Instagram users.
- Also Read: Ireland Watchdog Initiates Facebook Probe After Data Leak Reports: Reuters
- Octopus allegedly charges its customers to access a software product called Octoparse to launch scraping attacks. Customers could also pay Octopus to scrape websites directly.
- Customers had to give access to their accounts, allowing the software to glean data usually only available to logged-in users, including Facebook friends, email addresses, birth dates, phone numbers, and Instagram followers.
- Octoparse is not limited to Meta's properties, either, with services offered across numerous sites, including Twitter Inc (NYSE:TWTR), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube, Amazon.com Inc (NASDAQ:AMZN), Microsoft Corp (NASDAQ: MSFT) LinkedIn.
- The case follows less than three months after a U.S. court reaffirmed an earlier ruling that web-scraping is legal, TechCrunch reports.
- The verdict followed a long-standing legal battle between LinkedIn and a data science company, Hiq Labs, which scraped personal information from LinkedIn to help its customers predict employee attrition.
- Previously, a Chinese software developer sifted Alibaba Group Holding Ltd's (NYSE: BABA) Taobao shopping website for eight months and secretly collected over 1.1 billion pieces of user information.
- Price Action: META shares traded lower by 0.36% at $167.58 in the premarket on the last check Wednesday.
- Photo by StockSnap from Pixabay
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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