Facebook

It costs $7.3 million to keep Facebook’s Zuckerberg safe

Over the last year, it got a lot more expensive to make sure Facebook CEO Mark Zuckerberg stayed safe. According to a regulatory filing for the US. Securities and Exchange Commission, the powerful tech chief's security expenses surged to $7.3 million in 2017, from $4.9 million the previous year. Read …

Facebook

Cyber Saturday—Meet Vero, a Lebanese Billionaire’s Anti-Facebook

I met the Lebanese billionaire and brother of that nation's on-again, off-again prime minister at a coffee shop in Brooklyn where he pitched me on his social network. Hariri's 3-year-old app, Vero, has a novel value proposition: privacy. He designed the service as an alternative to Facebook and Instagram. Read …

Facebook

Facebook’s Bookmarks menu gets a facelift that makes its settings easier to find

Facebook is rolling out a redesigned bookmarks section in its app that will make it easier to navigate and access various Facebook settings – including Account Settings, Privacy Shortcuts, News Feed Preferences, Activity Log, Payments Settings, access to Help & Support, and more. None of the options … Read More

Facebook

Facebook Starts Notifying Users Whose Data Might Have Been Accessed By Cambridge Analytica

Facebook since has banned the app, which sold information harvested from millions of users' profile pages — details such as birthdate, current address and page likes — to Cambridge Analytica, a data-mining firm that worked on behalf of Trump's 2016 presidential campaign that used the information to … Read More

Facebook

Mark Zuckerberg can’t truly apologize until he stops thinking Facebook is a force for good

Everyone is glad not to be Mark Zuckerberg. Facebook's CEO testified before the US Congress this week on a growing scandal linking his company to Cambridge Analytica, a political consulting firm with ties to the Trump campaign. The hearing, deemed “extraordinary,” by senator John Thune, was as … Read More

Facebook

Diamond and Silk Expose Facebook’s Burden of Moderation

By Thursday afternoon, Facebook's CEO was likely already familiar with the pair. During both of Zuckerberg's hearings on Capitol Hill this week, lawmakers including Senator Ted Cruz and Representatives Joe Barton, Fred Upton, Marsha Blackburn, and Richard Hudson all cited the bloggers. For these … Read More

Facebook

Will Facebook Be Broken Up?

Since the Cambridge Analytica scandal broke just a few weeks ago, Facebook has seen its stock fall by $100 billion, and Mark Zuckerberg was forced to go before Congress. But what happens next for the 2.25 billion-person social network? Will it be regulated? Or broken up? Kevin Roose, a tech … …

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