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Facebook reveals new FTCThe agency is looking into antitrust concerns.
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Facebook's stock went up after news of a record-breaking $5 billion FTC fine for various privacy violations broke today. That, as the New York Times' Mike Isaac points out, is the real story here: the... United States government spent months coming up with a punishment for Facebook's long list of privacy-related bad behavior, and the best it could do was so weak that Facebook's stock price went up. the fact that fb shares surged instead of sank on the FTC news is the story -- rat king (@MikeIsaac) July 12, 2019 From some other perspectives, that $5 billion fine is a big deal, of course: it's the biggest fine in FTC history, far bigger than the $22 million fine levied against Google in...
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Concerns over Facebook's Libra

The Economic Times - 11 Jul 2019 04:22
Powell said any regulatory review of the recently announced project should be "patient and careful."
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Facebook's LibraThe Indian government has joined the Libra pushback, a report says.
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Instagram, Facebook, MessengerTwitter DMs and notifications are still struggling, and Instagram hashtags may not be working. Time for a holiday?
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Facebook fined $2.3 millionGermany's Federal Office of Justice allege that Facebook under-reported complaints about illegal content.
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Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported... on Thursday.
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Facebook wants your actual blood

BGR - 12 Jun 2019 16:58
Facebook wants your actualFacebook isn't happy just hoarding your data for its own good, so now it wants your actual blood. But it's all for a good cause, as the site's new Blood Donation notifications feature could help... lives. Soon, Facebook users in several US cities will get prompts inside the app to donate blood whenever it's needed. It's a great move from the company that could help improve blood supply for people who need it the most. Facebook said in a blog post that every 2 seconds someone in America needs blood, and a single donation might save as many as three lives. But blood banks are seeing a decline in donors in the US. Initially, the new Blood Donations feature will go live in markets including Chicago, New York City, San Francisco Bay Area, Baltimore and Washington, DC, but it should roll out...
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Facebook's CryptocurrencyA report says Facebook is seeking investors for its planned cryptocurrency, and merchants who might accept the virtual coin.
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Facebook may implement privacyFacebook may soon have a federally approved privacy official and an "independent" privacy oversight committee to deal with the company's handling of user info, according to a report.
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Facebook Will FinallyIn releasing its quarterly financial results Wednesday, Facebook said it expects to pay a fine of $3 billion to $5 billion to the FTC for violations related to user privacy.
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Why Facebook CEO MarkThe social network faces an uphill battle as it tries to regain the trust of lawmakers and its users.
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Facebook shuts down thousandsFacebook said on Tuesday that it removed more accounts from Iran and Russia citing "coordinated inauthentic behavior."        
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Facebook faces criminalAs if today couldn't get any worse for Facebook, the company is now facing a criminal investigation as the result of its controversial data sharing practices. Federal investigators are scrutinizing... partnerships that allowed other companies to access users' data without their consent, according to a new report in the New York Times.  SEE ALSO: Why we should all be skeptical of Mark Zuckerberg's new commitment to privacy The investigation reportedly stems from partnerships Facebook formed with more than 100 other companies, such as Microsoft, Netflix, and Spotify. Those deals, which were previously examined by the NYT, allowed companies to access Facebook features from their own services. For example, Yahoo's email service could access your friend list to help you find people you know.
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Facebook took down anThe social media giant restored the ad after its removal was noticed Monday night.
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Facebook Is Suing Four ChineseFacebook is suing four companies and three individuals based in China it alleges have been creating and "promoting the sale of fake accounts, likes and followers" on Facebook and its subsidiary... Instagram, as well as other social media sites, the company announced on Friday. In addition to the alleged efforts to create...
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Facebook suspendsPages on current affairs and history collected tens of millions of views in the past few months, CNN reports.
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Some Facebook employeesFacebook's questionable research tactics has led Apple to remind them who's boss. After TechCrunch revealed Facebook misused Apple's Enterprise Developer Certificate program to spy on consumer phone... and web activity through its "Research" app, Apple pulled the plug. SEE ALSO: Facebook is making more money than ever because nothing matters Facebook relies on Apple's program to run internal apps on iOS devices, from simple things like bus schedules to communication tools like Workplace and Messenger. That led to plenty of frustration within Facebook's workplace, as employees were unable to get work done due to the shutdown, as reported in the New York Times.
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Facebook shares tank amidFacebook shares tumbled more than 7 percent Wednesday after a report revealed that the social network enabled tech giants like Netflix and Spotify to read users' private messages. The unprecedented... access to user data -- which had not been previously disclosed by Mark Zuckerberg's social network -- saw Facebook giving the biggest names in Silicon...
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Facebook enabled Apple devicesA damning report on Tuesday provides further details on Facebook's shady data sharing practices -- already under intense scrutiny for the Cambridge Analytica fiasco -- and suggests the social media... giant enabled Apple devices to surreptitiously collect information about users without their knowledge.
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The UK Parliament is determined to get to the bottom of Facebook's data privacy practices, whether or not Mark Zuckerberg is willing to testify. Digital Culture, Media and Sport committee (DCMS)... chairman Damian Collins used an uncommon process to fo...
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Facebook Admits To TargetingFacebook CEO Mark Zuckerberg said last week he didn't know about the PR campaign until The New York Times investigation.
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Zuckerberg says he hopesZuckerberg also told CNN that he has no plans to leave his chairman job, and he said some journalists who cover Facebook have a "different world view."
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Mark Zuckerberg believesMark Zuckerberg is feeling the heat. According to a report from the Wall Street Journal , Facebook’s founder and CEO believes his company is currently at "war." The comment came from Mark Zuckerberg... this past June in a meeting with a few dozen of Facebook’s top executives amid the fallout from the Cambridge Analytica scandal. In this same June meeting, Zuckerberg told executives that he was going to be taking a more active role in Facebook’s day-to-day operations. With the social media platform fighting on multiple fronts — between Congress, the press, and even his own executives — Zuckerberg clearly felt he needed to take a more active role.
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Facebook secret softwareCompany says millions of images removed in a few months with help of machine learning tool Facebook has said its moderators have removed 8.7m child abuse images in the past three months, as the... company battles pressure from regulators and lawmakers worldwide to speed up removal of illicit material. It said on Wednesday that previously undisclosed software automatically flags images that contain both nudity and a child, helping its reviewers. A similar machine learning tool was also revealed that it said caught users engaged in "grooming" of minors for sexual exploitation.
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