With advertisers still eager to use Facebook's services, the company's business model stays intact and its dominance as a social network and an advertising behemoth remains assured. The few brands that have abandoned Facebook recently—Pep Boys, Mozilla, Sonos (for a week)—are just making a … Read More
Facebook is facing another investigation over revelations that information from tens of millions of its users were accessed by data research firm Cambridge Analytica. The Philippines is the latest country to launch an official inquiry, with regulators saying on Friday that CEO Mark Zuckerberg had not … Read More
The congressman could have responded, “OK, let people express themselves, but don't collect any personal information,” but that would have violated what Facebook calls its “real name culture,” a principle that Facebook established early on. As an organizational principle, Facebook insists that people … Read More
Europe has no doubts that tech firms other than Facebook are affected by privacy and data protection issues similar to the social media giant, European Commissioner Vera Jourova told CNBC. "I don't have doubts that there are some bad practices among other IT providers and networks. So what I have … …
Facebook CEO Mark Zuckerberg should testify in person in front of European lawmakers to show that he understands the sensitivities of privacy in the region, a top European Union official told CNBC Friday. Vera Jourova, the European commissioner for justice, consumers and gender equality, renewed … Read More
Yesterday, Facebook CEO Mark Zuckerberg faced a second day of questioning from lawmakers looking to understand how the political consulting firm Cambridge Analytica may have gained access to the personal data of up to 87 million Facebook users. My colleague, Jonathan Vanian, has an … Read More
As Atlantic staff writer Robinson Meyer recently wrote, Facebook “is currently embroiled in the worst crisis of trust in its 14-year history.” This week, the company's CEO Mark Zuckerberg testified before the U.S. Congress for the first time. It's not clear whether Congress will seek to exert more regulatory … Read …
He's right—and Facebook's entire history has already proven the point. Self-regulation runs counter to the company's deepest corporate instincts. Zuckerberg is a hacker. Facebook has a major campus at “1 Hacker Way.” For the best part of its history, its rallying cry was “move fast and break things.”. Read More
Facebook founder Mark Zuckerberg cut an awkward figure this week as he appeared at much-anticipated congressional hearings, looking visibly uncomfortable in a navy suit rather than his normal hoodie. His demeanor earned plenty of laughs on social media, but the real attention was focused on two … Read More
Facebook's Chief Executive Mark Zuckerberg spent two days this week facing scrutiny from U.S. lawmakers, but the social network he helped create isn't in the clear just yet. The firm's billionaire co-founder told lawmakers at the two-day Congress hearing of how his own data had been compromised as a … Read …