Facebook Removes Conspiracy Site Natural News

Facebook on Sunday removed the page for Natural News, a far-right conspiracy outlet that had nearly 3 million followers. The page violated Facebook's policy against spam, the social media company told The Daily Beast on Monday. Natural News founder Mike Adams wrote on fellow-right wing conspiracy site Infowars that his site was permanently banned from posting. He told the Gateway Pundit, another far-right site, that the apparent ban is evidence of a conspiracy against his website. Facebook issued a new ban against Jones, plus bans against far-right figures like Paul Joseph Watson, Laura Loomer, and Milo Yiannopoulos, as well as anti-Semitie and Nation of Islam leader Louis Farrakhan. (The bans also applied to Facebook-owned Instagram.) We've always banned individuals or …

Africa Roundup: Jumias post-IPO earnings, Gokadas $5.3M raise, Facebooks fake-news purge, Joe Montanas fintech investment

Jumia held its first post-IPO earnings call and weathered a short-sell assault in May, with Wall Street showing confidence in the Pan-African e-commerce company. On the numbers, key takeaways were that Jumia’s Gross Merchandise Value (GMV) — the total amount of goods sold over the period — grew by 58% to €240 million. Marketplace revenue grew 102% to €16 million, and gross profits as a percentage of GMV grew by 6.5% in Q1 2019. Overall, Jumia’s operating losses for the period widened to €45.4 million from €34.3, and negative EBITDA increased to €39.5 million from €30.2. So the startup’s still losing money — see the big losses reported in the IPO filing — but is improving its ability to earn. …