Tag Archives: Mark Zuckerberg

The New York Times reports: Federal prosecutors are conducting a criminal investigation into data deals Facebook struck with some of the world’s largest technology companies, intensifying scrutiny of the social media giant’s business practices as it seeks to rebound from a year of scandal and setbacks. A grand jury in New York has subpoenaed records from at least two prominent …

CNBC reports: Facebook CEO Mark Zuckerberg on Wednesday posted a 3,000 word note outlining a more “privacy-focused” future for the tech company, saying that communications platforms that protect privacy will “become even more important than today’s open platforms.” “I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to …

The Guardian reports: Facebook chief executive Mark Zuckerberg revealed that he is considering crowd sourcing as a new model for Facebook’s third-party fact checking partnerships. “I think that the real thing that we want to try to get to over time is more of a crowdsourced model where people, it’s not that people are trusting some sort, some basic set …

CBS News reports: Facebook said Friday that a security glitch may have let third-party apps access the private photos of as many as 6.8 million users, the latest example of the social-media company failing to protect people’s online content. The incident, which took place during a 12-day period in September, included images never fully uploaded to the platform and those …

The BBC reports: Parliament has used its legal powers to seize internal Facebook documents in an extraordinary attempt to hold the US social media giant to account after chief executive Mark Zuckerberg repeatedly refused to answer MPs’ questions. The cache of documents is alleged to contain significant revelations about Facebook decisions on data and privacy controls that led to the …

The Daily Beast reports: Facebook reportedly used a Republican opposition-research firm and its connections to a Jewish civil-rights group to link the anti-Facebook movement to prominent liberal donor George Soros and claim that some criticism against the tech giant was anti-Semitic, The New York Times reports. Facing negative press, Facebook reportedly expanded its use of Definers Public Affairs, a firm …

Reuters reports: Facebook Inc said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S. President Donald Trump in the 2016 race. The company and other major online ad sellers including Alphabet Inc’s Google and Twitter Inc have long offered free dedicated assistance to …

CBS News reports: Facebook lost about $120 billion of its value on Thursday, marking the biggest one-day loss in U.S. market history. The company’s shares plunged $41.24, or almost 19 percent, to $176.26 a day after the social media giant reported disappointing results. The slide is the largest decline market capitalization in history, exceeding Intel’s $91 billion single-day loss in …

The New York Daily News reports: The parents of a Sandy Hook shooting victim accused Facebook CEO Mark Zuckerberg of “providing a safe haven for hate” and implored him to take action against the conspiracy theorists who continue to hound them six years after their child’s death. Leonard Pozner and Veronique De La Rosa’s 6-year-old son Noah was killed at …

From Facebook’s corporate blog: The investigation process is in full swing, and it has two phases. First, a comprehensive review to identify every app that had access to this amount of Facebook data. And second, where we have concerns, we will conduct interviews, make requests for information (RFI) — which ask a series of detailed questions about the app and …

USA Today reports: The Russian company charged with orchestrating a wide-ranging effort to meddle in the 2016 presidential election overwhelmingly focused its barrage of social media advertising on what is arguably America’s rawest political division: race. The roughly 3,500 Facebook ads were created by the Russian-based Internet Research Agency, which is at the center of Special Counsel Robert Mueller’s February …

Reuters reports: Facebook Inc is entering the dating game, Chief Executive Mark Zuckerberg said on Tuesday, planning a dating service to matchmake millions of people on the world’s largest online social network and nudge them into spending more time there. The service, which Facebook had considered offering for over a decade and will launch soon, could help rebuild its popularity …

Law & Crime reports: Cambridge Analytica is threatening legal action against journalists who report unfavorable information regarding the controversial big data-mining firm. Perhaps the embattled firm is frightened by the swelling amount of attention due to Mark Zuckerberg‘s two days worth of congressional testimony. In any event, Cambridge Analytica has shifted its denial strategy to issuing vague threats of litigation …

USA Today reports: Mark Zuckerberg says his data was exposed in the Cambridge Analytica leak. The Facebook CEO made the admission during questioning on Capitol Hill Wednesday. The hearing before the House Energy and Commerce Committee was his second appearance before lawmakers in as many days. He took questions on privacy practices, foreign interference in U.S. elections and whether Facebook …

CNBC reports: Facebook CEO Mark Zuckerberg testified to a joint hearing of the Senate Judiciary and Commerce committees Tuesday that Facebook is cooperating with Special Counsel Robert Mueller’s investigation. “I know we are working with them,” Zuckerberg said during the hearing. When asked by Senator Patrick Leahy of Vermont about Facebook’s involvement with Mueller’s investigation, Zuckerberg confirmed the cooperation but …

CNBC reports: Mark Zuckerberg is testifying at a joint hearing of the Senate Judiciary and Commerce committees Tuesday, in the first of two congressional hearings for the Facebook founder and CEO. The company is facing questions following reports that research firm Cambridge Analytica improperly gained access to the personal data of as many as 87 million Facebook users. Zuckerberg is …

The Hill reports: Facebook on Tuesday officially launched a program to reward users for reporting “data abuse” on its platform. The move comes as Facebook CEO Mark Zuckerberg prepares to testify before lawmakers on Capitol Hill amid scrutiny over the controversy surrounding Cambridge Analytica, a data firm that Facebook says improperly obtained data on potentially 87 million of its users. …

Slate reports: The House Energy and Commerce Committee released Facebook CEO Mark Zuckerberg’s prepared introductory remarks on Monday. Zuckerberg is expected to testify before the committee on Wednesday. He will also appear before the Senate Judiciary and Commerce committees on Tuesday. Zuckerberg expresses regret for both the Russian interference and the Cambridge Analytica scandal at the beginning of his testimony: …

The Washington Post reports: Facebook’s disclosure this week that its search tools were used to collect data on most of its 2.2 billion users could potentially trigger record fines and create new legal vulnerability for not having prevented risks to user data, said three former federal officials. The three former officials, all of whom were at the Federal Trade Commission …

Business Insider reports: Mark Zuckerberg fired back at Tim Cook after the Apple CEO criticized Facebook amid a burgeoning scandal around the company’s data practicies and its role in political campaigns. Cook said that “privacy to us is a human right” and a “civil liberty,” and ultimately, because Facebook is a free service, the users become the products that are …