Facebook anticipates federal privacy fine of up to $5 billion, sets aside $3 billion for payment

Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy. The company set aside $3 billion in its quarterly earnings reportWednesday as a contingency against the possible penalty but noted... Continue reading at 'Baltimore Sun'

[ Baltimore Sun | 2019-04-25 02:15:00 UTC ]
News tagged with: #$5 billion #$3 billion #company set

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Judge demands Facebook hand over data privacy records

Facebook will have to hand over emails and records related to how it handled the Cambridge Analytica scandal. In September, shareholders sued the company in order to obtain information pertaining to the leak. Today, a US judge sided with shareholders... Continue reading at Engadget

[ Engadget | 2019-05-31 19:12:00 UTC ]
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Facebook's pivot to privacy will make data more powerful than ever

The platform is increasing its focus on Groups, where algorithms will have even more influence on the content users see. Continue reading at Media Week

[ Media Week | 2019-05-29 13:15:44 UTC ]
More news stories like this | News stories tagged with: #content users


Facebook shuts down billions of fake accounts

Social media giant says it has seen a "steep increase" in the creation of abusive, fake accounts. Continue reading at Stuff

[ Stuff | 2019-05-23 21:23:34 UTC ]
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Facebook: Another three billion fake profiles culled

Mark Zuckerberg hits back at calls to break up Facebook, as it reveals it removed a record number of hateful posts. Continue reading at BBC News

[ BBC News | 2019-05-23 19:06:33 UTC ]
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Four out of five people expect Facebook to have another data privacy issue this year

People are becoming more aware of the need to protect their data online, not just because of the rate of cybercriminal activity, but also because large organizations are frequently being careless with the data they hold. A new survey of 1,000 people from OpenVPN reveals that four out of five... Continue reading at Betanews

[ Betanews | 2019-05-15 14:28:45 UTC ]
More news stories like this | News stories tagged with: #large organizations #recent scandals


Dozens of cybercriminal groups used Facebook to set up shop

Facebook Inc. housed dozens of cybercriminal groups that set up shop on the platform as online marketplaces to sell a variety of illegal services, such as stolen credit card information, account theft and spamming tools, a team of researchers found. Cisco Systems Inc.’s Talos security unit... Continue reading at Advertising Age

[ Advertising Age | 2019-04-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #cisco systems #investing heavily


5 things we learned about Facebook content moderation from a Reddit AMA

Facebook content moderators are suffering breakdowns, paranoia and mental health issues according to a person who claims to be a moderator for the company, and who hosted an anonymous Reddit "Ask Me Anything" Monday night. The interview and questions took place a day after The Verge published an... Continue reading at Advertising Age

[ Advertising Age | 2019-02-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #child pornography


Facebook is laughing all the way to the bank as Americans shrug off privacy concerns

You say you care about privacy, but you don’t really, and neither do millions of other Americans. This collective indifference is what keeps Big Data in business and keeps consumers constantly scrambling to find out who has access to their personal information. Worse, privacy experts tell me that... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-02-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #privacy concerns #big data #personal information


Facebook's privacy problems: a roundup

The social media giant’s troubles have led to lawsuits, House of Commons hearings and several apologiesFacebook disclosed on Friday that a bug may have affected up to 6.8 million users, allowing app developers to see photos that users had uploaded but never posted – but this was hardly the first... Continue reading at The Guardian

[ The Guardian | 2018-12-15 00:00:00 UTC ]
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Facebook removed over 1.5 billion fake accounts in the last six months

It's been less than a day since the New York Times published a brutal report about the state of affairs at Facebook, including a deep look at the company's failure to properly identify and deal with fake news and Russian interference. The company alr... Continue reading at Engadget

[ Engadget | 2018-11-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #facebook removed #fake news #russian interference


YouTube and Facebook escape billions in copyright payouts after EU vote

Controversial new law that critics claimed threatened internet freedom is rejectedGoogle, YouTube and Facebook could escape having to make billions in payouts to press publishers, record labels and artists after EU lawmakers voted to reject proposed changes to copyright rules that aimed to make... Continue reading at The Guardian

[ The Guardian | 2018-07-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #copyright rules #press publishers #record labels #european parliament #internet giants


Are Google and Facebook Undermining Europe's Privacy Rules?

Regulators, publishers, and privacy watchdogs say moves by the tech giants may leave European internet users no better off. Continue reading at Wired

[ Wired | 2018-05-01 00:00:00 UTC ]
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Up to 87 million Facebook users affected in privacy scandal

Facebook says as many as 87 million people may have had their data accessed in the Cambridge Analytica scandal - an increase from the 50 million disclosed in published reports. Continue reading at Stuff

[ Stuff | 2018-04-05 00:00:00 UTC ]
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A Pre-Scandal Mark Zuckerberg Said Users Trusted Facebook To Protect Their Privacy

In an interview released for the first time today, the Facebook CEO discussed privacy with Freaknonomics Radio last summer. It was a simpler time. Last summer, months before Mark Zuckerberg was feeling the intense pressure of the Cambridge Analytica data scandal, the Facebook CEO said he knew... Continue reading at Fast Company

[ Fast Company | 2018-04-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #mark zuckerberg #intense pressure #facebook ceo #personal information


Facebook shares fall as FTC confirms it is investigating the company's privacy practices

The Federal Trade Commission confirmed Monday that it opened an investigation of Facebook and the Senate Judiciary Committee called on the company’s chief executive, Mark Zuckerberg, to testify as scrutiny mounts over the social media giant’s handling of user data. The unfolding crisis at... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-03-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #privacy practices #mark zuckerberg #user data


Facebook stock drops after FTC says it's investigating the company's privacy practices

The Federal Trade Commission confirmed Monday that it has opened an investigation into Facebook Inc.'s privacy practices. The social media giant’s stock quickly dropped more than 5% before recovering somewhat. Around 10:20 a.m. Pacific Time, Facebook shares were down 1.8% at $156.41 — down 19%... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-03-26 00:00:00 UTC ]
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Google and Facebook make up less than 5 percent of publishers’ digital revenue

Revenue from third-party platforms represented 16 percent of publishers' total digital revenue in the first half of 2017 -- nearly unchanged from a year earlier. The post Google and Facebook make up less than 5 percent of publishers’ digital revenue appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-02-08 00:00:00 UTC ]
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Ahead of GDPR laws, Facebook publishes privacy principles and promises to educate users

Facebook has published its privacy principles for the first time, ahead of the European Union's general data protection regulation (GDPR) which comes into force on May 25 -- although the company is pitching it as being part of Data Privacy Day. On top of this, the social network has also... Continue reading at Betanews

[ Betanews | 2018-01-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #gdpr laws #european union #personal data


Publishers on Facebook Audience Network Can Now Set CPM Targets

Publishers using Facebook Audience Network now have far more control over bidding on their ad placements. Product marketing manager, publisher solutions Amelia Zins introduced CPM Targets (cost per thousand impressions) in a blog post, saying that rather than using price floors to set the... Continue reading at AdWeek

[ AdWeek | 2017-08-01 00:00:00 UTC ]
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Facebook and Twitter Could Face Fines in Germany Over Hate Speech Posts

A Facebook office in Berlin. A report published on Tuesday found that Facebook and Twitter had failed to meet a German target for removing hate speech from their platforms. Continue reading at The New York Times

[ The New York Times | 2017-03-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #face fines #report published