Facebook

Facebook CEO’s compensation jumps to $8.9 million as security costs soar

Menlo Park, California-based Facebook paid to buy, install and maintain security measures for Zuckerberg's personal residences, which include properties in San Francisco and Palo Alto, the filing showed. The Facebook board's compensation committee authorized Zuckerberg's security program, the … Read More

Facebook

Facebook spent $7.3 million on Zuckerberg’s security last year

Facebook said Friday that it spent more than $7.3 million on personal security for CEO Mark Zuckerberg last year, according to an SEC filing. That's up almost 50 percent from 2016's $4.8 million. The company also said it spent more than $1.5 million on private plane costs, up from $870,000 …

Facebook

Facebook Exec Doesn’t Expect Privacy Backlash to Impact Revenue

This week, Facebook began notifying users about third-party apps they have authorized in the past. The company also started to display notifications for users who may have been affected by the Cambridge Analytica data leak, and unveiled a tool that allows any Facebook member to check whether their … Read More

Facebook

How Mark Zuckerberg’s testimony lurched from easy ride to headache

As Mark Zuckerberg left Congress on Tuesday after testifying to the Senate, he may have felt relieved. The four-hour Q&A session had been largely dominated by mundane questions of fact about how Facebook works, requests for apologies and updates he had already given and was happy to repeat, … Read More

Facebook

Congress Held 10 Hours of Hearings on Facebook. What’s Next?

Facebook mentioned cooperating with FTC audits, but we're not clear on whether or not Facebook is allowing independent auditors to inspect the data. If we allow Facebook to control the outside world's visibility into its data collection practices, we can never be exactly sure if Facebook is actually … Read More

Facebook

Netizen Report: Around the World, Activists Demand Answers From Facebook

As Facebook CEO Mark Zuckerberg faced hearing before the US Congress this week, digital rights advocates around the world publicly shared testimony of their own, giving voice to the experiences of millions of users who have struggled with harassment, discrimination and threats of violence on the … Read More

Facebook

Facebook is using AI to predict users’ future behavior and selling that data to advertisers

In confidential documents seen by the Intercept, Facebook touts its ability to “improve” marketing outcomes with what it calls “loyalty prediction.” Newspeak: The AI software that powers this capability, called “FBLearner Flow,” was first announced in 2016, though it was presented as a technology to make … Read More

Facebook

Security and plane costs hit $9m as Zuckerberg tours US

Facebook shareholders picked up a $9m bill for chief executive Mark Zuckerberg's personal security detail and private aircraft usage last year, as he took on a “personal challenge” to visit every US state. Mr Zuckerberg, whose net worth is estimated at $66bn, spent much of 2017 criss-crossing the US, … Read …

Facebook

Facebook shouldn’t block you from finding friends on competitors

Twitter, Vine, Voxer, MessageMe. Facebook has repeatedly cut off competitors from its feature for finding your Facebook friends on their apps… after jumpstarting its own social graph by convincing people to upload their Gmail contacts. Meanwhile, Facebook's Download Your Information tool merely … Read More

Facebook

Facebook Takes the Punches While Rest of Silicon Valley Ducks

SAN FRANCISCO — Two pages of notes sitting in a binder in front of Mark Zuckerberg during his congressional testimony this week hinted at a message the Facebook chief executive rarely got a chance to deliver: We're not the only ones. Mr. Zuckerberg was prepared to say that his company …