Social media giant Facebook has admitted that it has been storing user passwords in plain text, with the company saying the numbers ran into hundreds of millions.

When anything bad happens, politicians always look for the first convenient scapegoat. And in the case of the massacre of Muslims in New Zealand, they have their bete noire right in front of them: social media.

It has often been said that on the Internet content is king. The current batch of parasitic social media monopolists discovered this long ago and, ever since, they have ripped off and exploited unwitting content producers.