Mystery prize machines may have been banned here, but "game shows" with a similar concept continue to thrive online. The games, on Facebook's Live platform, have gained traction among youngsters. Last month, the police warned that operating mystery prize machines was an offence as they are considered a form of public lottery. A selection of boxes are displayed in a machine, and users typically pay $10 to buy a box, which contains a mystery prize, including mobile phone accessories, luxury goods and gaming consoles. In comparison, the online games feature numbered containers, such as golden eggs or charm packets that are sold for $5 to $20 each during a Facebook Live session. Payment is made via bank transfer or services such as PayNow, and the host then opens the container on-camera to reveal the prize. Mr Dyon Ng, 29, who hosts the Dyon Live Entertainment Game Show, has more than 1,700 followers on his Facebook page. The Institute of Technical Education graduate told The New Paper … [Read more...] about Mystery prize games popular on Facebook but illegal
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‘The process is really antiquated’: Reddit cofounder Alexis Ohanian is backing a billboard company that’s trying to take on Facebook and Google for ad dollars
caption An ad for cannabis store Zen West Hollywood in Los Angeles. source AdQuick AdQuick wants to make it easier for brands to buy out-of-home ads, and has secured $2.1 million to develop targeting and measurement tools. Alexis Ohanian’s Initialized Capital led the new funding and Ohanian is also joining the company’s board. Digital-first brands like Lyft, Instacart, and Peloton are increasingly tapping billboard advertising to spread awareness, said AdQuick’s CEO and cofounder Matt O’Connor. Digital advertising budgets are exploding, but that doesn’t mean brands are getting the kind of metrics and stats out of their media buys that they should be. That’s the argument of Matt O’Connor, CEO and cofounder of AdQuick, an advertising startup that on Monday announced $2.1 million in Series A funding led by Initialized Capital. The venture capital firm – started by Reddit cofounder Alexis Ohanian and Garry … [Read more...] about ‘The process is really antiquated’: Reddit cofounder Alexis Ohanian is backing a billboard company that’s trying to take on Facebook and Google for ad dollars
Parents will find a treasure trove of cheap kid stuff on Facebook, Craigslist and Kijiji
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By Kristen Thompson Special to the Star Wed., April 25, 2018 While most of us have our sights set on the pending warm weather, my husband and I spent last weekend hunting for ski gear for our preschooler. It may be a super weird thing to do in April, but the stores were blowing out their stock, and we decided it was the perfect time to get everything she needed for next season — cheap. After days scouring traditional stores for the best deals, we decided to try our luck on the local buy-and-sells, and within an hour, we’d scored (nearly new) skis, boots, bindings and a helmet for $120 — down from the nearly $1,000 we’d been planning to pay in-store. The sellers were thrilled to get the stuff out of their basement. And we were thrilled to put it in ours. The deal we got was staggering, especially when you consider that she’ll get two years of use out of the gear, as will her younger sister, and then we’ll turn around and sell it all … [Read more...] about Parents will find a treasure trove of cheap kid stuff on Facebook, Craigslist and Kijiji
An ‘attractive entry point’: Wall Street is doubling down on Facebook
source Paul Marotta/Getty Images Several Wall Street analysts have maintained their “Outperform” or “Buy” ratings on Facebook. Analysts are confident the company could move past the Cambridge Analytica scandal, and that it will have minimal impact on marketers and users. Check out Facebook’s stock price in real time here. Much of Wall Street has doubled down on its bullish stance with Facebook. The Street believes the selloff that occurred in the wake of the Cambridge Analytica scandal, which wiped away $50 billion from Facebook’s market cap, represents a good opportunity to buy the shares on sale. These analysts believe that concerns over the company’s new privacy rules and their impact on advertising dollars are overblown and that Facebook has the ability move past the scandal without losing much of its shine with marketers and users. … [Read more...] about An ‘attractive entry point’: Wall Street is doubling down on Facebook
Our mission to buy a fake Rolex on Facebook reveals how the company is playing host to countless criminal enterprises
caption Business Insider’s fake goods haul from Facebook. source Business Insider Facebook is struggling to keep fake products off Marketplace, its two-year-old listings service that allows anyone over the age of 18 to buy and sell goods. Business Insider bought a fake Rolex watch, Gucci bag, and Tiffany bracelet from illegal UK sellers, who didn’t declare the items as counterfeit. Tiffany alone said it has removed more than 2,000 fake listings from Marketplace since 2017, while Trading Standards said the issue is “significantly under-reported.” We found there are minimal rules and protections in place for users, with unscrupulous sellers attempting to secure our personal information and bank details. A detective at the UK’s intellectual property policing unit said buyers of fake goods on Facebook might be financing serious organised … [Read more...] about Our mission to buy a fake Rolex on Facebook reveals how the company is playing host to countless criminal enterprises