Facebook

What Hearings? Advertisers Still Love Facebook

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

Facebook is facing another international investigation

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

Facebook

Magid: Facebook needs fix, but so do Congressional hearings

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

Facebook

‘No doubt’ other big tech firms could have similar data issues to Facebook, top EU chief warns

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

Facebook CEO Mark Zuckerberg summoned to testify in front of EU lawmakers — again

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

Facebook

Would A More Diverse Facebook Help?

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

Facebook

Radio Atlantic News Update: Who Could Tame Facebook?

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 …

Facebook

Show Me a Self-Regulating Facebook And I’ll Show You A Fish Riding A Bike

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

Zuckerberg barely talked about Facebook’s biggest global problem

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

Zuckerberg survived two days of grilling by Congress, but Facebook’s troubles are not over yet

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 …