These Companies Have Cut Their Ties With Facebook Amid the Cambridge Analytica Data Scandal
In the wake of Facebook's Cambridge Analytica data scandal, some high-profile companies have suspended ties with the social network amid the controversy. Earlier this month, it was revealed that Facebook allowed a researcher from Cambridge Analytica — which worked on Donald Trump's … Read More
Facebook Stock Heading Toward Worst Month in Over Four Years
Colin Sebastian, an analyst at Robert W. Baird & Co., wrote that the firm's latest social media survey indicates “some moderation in Facebook usage,” and notes potential for brands and small and medium-sized businesses to “pause some Facebook campaigns until headlines subside.” He lowered his … Read More
‘Silicon Valley’ opening sequence jabs at Facebook’s Russia hacking scandal
HBO comedy "Silicon Valley" debuted a new opening sequence, which took jabs at recent events like Facebook's Russian hacking scandal and Juicero's failed business plan. The fifth season of the HBO series, which debuted on Sunday, chronicles the trials and tribulations of fictional start-up founder … Read More
Facebook Woes Continue as FTC Opens Data Privacy Probe
The Federal Trade Commission on Monday announced it is launching an investigation into Facebook's data privacy practices. The announcement is another kick to Facebook, which has been grappling with the fallout from a scandal where data from the social media platform leaked through a third-party … Read More
Facebook pushes old evils of the capitalist machine to new extremes
Facebook is essentially an advertising company, and every bit of information you disclose is data advertisers can use to influence how and what you buy. Sometimes it's fairly benign (maybe you do want that Blue Apron subscription). Other times it's not. Data is a powerful tool for anyone who wants …
Here’s the Sneaky Facebook Diss That You Might Have Missed on Silicon Valley
As the show begins, the Facebook logo appears on the screen, but flips from English to Cyrillic, a dig at Facebook's widespread Russia-linked ads during the 2016 presidential election. While the Cyrillic letters don't actually spell Facebook, the sequence bears a striking similarity to the English spelling of … Read More
Is Facebook Toast?
Not toast, but maybe a crumbling corn muffin. A company earning $4.2 billion, quarterly doesn't readily disappear. Facebook, ticking in the one-fifties, carries 44 buys, 2 holds and 2 sells with an average price target of $221. So much for group think. To date, no bulls weigh in with a …
Facebook Comes Under FTC Scrutiny as Stock Slides
Facebook's privacy practices are being investigated by the Federal Trade Commission, the government agency confirmed on Monday. The announcement helped cause a slide in the company's stock. The investigation follows reports that the data collection firm Cambridge Analytica, which worked on … Read More
Facebook’s Phone-Scraping “Scandal” Just Shows How Little We Trust the Company
Facebook hasn't yet woken up from the ongoing PR nightmare brought on by Cambridge Analytica, and it may already be facing yet another: an Ars Technica investigation found that Facebook collected and stored data on Android phone users' calls and texts, including phone numbers and length of … Read More
Illinois’ Cook County Sues Facebook and Cambridge Analytica for Alleged Fraud
Illinois' Cook County, which includes Chicago and surrounding areas, is joining the legal fight against Facebook and Cambridge Analytica over the misuse of data scraped from social media profiles, claiming that both companies violated state fraud law. The lawsuit claims that Cambridge Analytica, … Read More