Facebook faces Senate, potential government regulation — and big changes
The Facebook creator and CEO testified before the Senate on April 10 in the wake of a “breach of trust” that had a third-party app collecting user data of up to 87 million users and selling the information to Cambridge Analytica. And while Zuckerberg released his prepared statements ahead of …
This is how Facebook uses your data for ad targeting
Facebook collects a lot of data about you — everything from your email address to the strength of your phone's battery. The simplest explanation for this is that Facebook uses that data to make money. No, Facebook doesn't sell your data. But it does sell access to you, or more …
For facial recognition, Zuckerberg calls for consent while Facebook fights it in court
Mark Zuckerberg was grilled today by a joint meeting of the Senate Commerce and Judiciary committees. The Facebook chief executive has been asked a broad array of questions, ranging from regulation, to data privacy, to foreign intrusion. And, in true Facebook fashion, Zuckerberg is talking out of … Read More
Facebook share price climbs as Zuckerberg gets grilled by the Senate
Shareholders seemed to have incredibly low expectations of Facebook CEO Mark Zuckerberg's ability to handle a Senate testimony, because Facebook stock climbed 4.5 percent Tuesday with the bulk of the gains coming during his televised testimony. Though the markets closed nearly an hour ago, … Read More
Mark Zuckerberg’s Facebook hearing was an utter sham
The worst moments of the hearing for us, as citizens, were when senators asked if Zuckerberg would support legislation that would regulate Facebook. I don't care whether Zuckerberg supports Honest Ads, or privacy laws, or GDPR. By asking him if he would support legislation, the senators elevated him … Read More
Stock Market Climbs on Facebook Rally and China’s Proposal to Reduce US Auto Tariffs
(NEW YORK) — Stocks jumped Tuesday after Chinese President Xi Jinping said Beijing would reduce tariffs on imported cars and improve intellectual property protection, steps that could ease trade tensions. Facebook climbed as CEO Mark Zuckerberg testified before the Senate about the company's … Read More
The One Real Question Facebook Needs To Answer
Mr. Zuckerberg admitted Facebook's major oversights. As Politico reported, "It's clear now that we didn't do enough to prevent these tools from being used for harm as well," Zuckerberg testified. "That goes for fake news, foreign interference in elections and hate speech, as well as developers and data … Read More
If Congress Doesn’t Understand Facebook, What Hope Do Its Users Have?
Facebook CEO Mark Zuckerberg received a less than warm welcome in Washington, DC, where he testified before a joint hearing of two Senate committees Tuesday. Among the crowds of spectators lining up to watch Zuckerberg get grilled were members of the activist group CodePink, wearing … Read More
Zuckerberg: There’s been no dramatic drop-off in users despite ‘Delete Facebook’ memes
March media reports revealed that a researcher sold Facebook user data to an outside firm, Cambridge Analytica. But the negative press hasn't deterred users, CEO Mark Zuckerberg said. When asked, Zuckerberg said there has not been dramatic falloff of the number of people that use Facebook. Read More
Facebook: Cambridge Analytica may have accessed some users’ private messages
Facebook: Cambridge Analytica may have accessed some users' private messages. by Bryan Clark — 11 minutes ago in Facebook. Facebook: … Based on our investigation, you don't appear to have logged into “This Is Your Digital Life” with Facebook before we removed it from our platform in 2015. Read More