Morgan Stanley lowers Facebook price target on fears ad revenue will take hit from data scandal

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Morgan Stanley cut its price target on Facebook shares to $200 from $230 on Wednesday, citing concerns about the social media company's ad sales because of its data scandal. "Following FB's recent data/privacy issues and its announcement that it will end partnerships with third party data providers, …

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Does Facebook Know What a ‘Hard Question’ Is?

In June of last year, Facebook announced its latest effort to hold itself accountable and be more transparent. Called “Hard Questions,” the series of blog posts are intended to illuminate users about where the social network stands on some of the thornier issues facing the social network. But how hard …

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Facebook must face class action lawsuit over face-tagging in photos, judge rules

A U.S. federal judge ruled on Monday that Facebook must face a class action lawsuit alleging that the social network unlawfully created facial templates for people without their permission. The ruling adds to the privacy woes that have been mounting against Facebook for weeks, since it was disclosed … Read More …

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