Iran Latest Bad Actor to Spread Misinformation on Facebook
*By Carlo Versano*
Facebook, Twitter, and Microsoft all announced this week they had shut down accounts and websites created to spread misinformation or malware almost immediately after discovering them.
But the scope of the threat remains unclear.
"I don't think anybody has a sense of how big the disinformation efforts are online by various foreign adversaries," said Washington Post technology reporter Craig Timberg. "It's not clear to me there are any systems set up to catch it."
The latest sweep targeted accounts and posts all traced to Iran ー hundreds, in the case of Facebook and Twitter ー though they pale in comparison to the coordinated misinformation campaign the Russians deployed in 2016, Timberg said Wednesday in an interview on Cheddar.
The speed with which these companies are alerting the public indicates they realize a need to be proactive about manipulation efforts on their platforms, said Sara Fischer, a reporter for Axios who also appeared Wednesday on Cheddar.
"I think it gives them a little bit of an upper hand every time they come out and say, 'We found something,'" Fisher said. The hope is that a "more holistic effort" will develop between the public and private sectors to take on cybersecurity issues, she added.
Fischer said that Silicon Valley's attempts at transparency are currying favor with regulators in Washington and strengthening users' trust in the platforms.
"This is evolving from being a tech policy and tech response conversation to a national security conversation," she said.
Facebook [announced](https://newsroom.fb.com/news/2018/08/more-coordinated-inauthentic-behavior) on Tuesday it removed 652 accounts and pages with ties to Iran. Soon after, Twitter [said](https://twitter.com/TwitterSafety/status/1032055161978585088) it suspended 284 accounts, many of which also originated in Iran, all meant to engage "in coordinated manipulation."
The Iranian Facebook campaigns included anti-Saudi and anti-Israel content and were aimed at users in the U.S., UK, Latin America, and the Middle East, according to [Fireye](https://www.fireeye.com/blog/threat-research/2018/08/suspected-iranian-influence-operation.html), a cybersecurity firm that worked with Facebook on the investigation.
Both announcements follow a [report](https://cheddar.com/videos/microsoft-uncovers-new-russian-hacking-scheme) earlier in the week from Microsoft that found Russian intelligence groups had built a suite of fake U.S. political sites in an attempted spear-phishing campaign.
It has been well-established that social media can be used as a tool for manipulation by bad actors, Timberg said.
"We shouldn't believe everything we read on the internet," he said.
For full interview, [click here] (https://cheddar.com/videos/iranian-fake-news-accounts-targeted-people-around-the-world).
Melissa Gonzalez, CEO and Founder of The Lionesque Group, joins Cheddar News' Closing Bell, where she explains why she feels mixed about the Walmart's new initiative and what will make mass adoption of this offering difficult.
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
eToro, the social trading platform that offers crypto, forex, and equities, recently announced that it's giving U.S. users the option to include stocks and ETFs as part of their investment portfolios. Lule Demmissie, CEO of eToro U.S., joined Cheddar to talk about the company’s expanded offerings. "We felt, although crypto is a fantastic asset class, that individuals benefit from having a broader access to different kinds of investments, and equities is definitely one of them," Demmissie noted.
Coming off of CES, Blink Charging announced a partnership with legacy automaker General Motors to provide charging stations for its newest electric cars. The company specializes in stations they own and operate that also accommodate residential and commercial locations. Michael D. Farkas, founder and CEO, noted that they "don’t discriminate” when it comes to locating their chargers while also taking the philosophy of seeing their hardware more like hot water heaters rather than smartphones constantly in need of upgrading. "We believe it's one of the reasons why we were selected by GM," Farkas said. "These dealerships have to invest in these locations and make sure that this hardware is workable for a very, very long period of time."
Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
Netflix beat its earnings projections for Q4 — but the stock still plummeted as the streaming pioneer cut back on its forecast for future subscribers. Michael Robinson, the chief technology strategist at Money Map Press, joined Cheddar to discuss the report and what's driving the downward pressure on its shares. "It's the growth is really what's worrying people," he said. "'A' we have slowing economic growth, and 'B' we've got slowing growth for this company, as 'C' we have an increase in competition."