Monday was a wild roller coaster ride for Facebook, whose shares plunged 7 percent in its worst one-day decline since 2014. Officials in the EU and the U.S. sought answers, while Britain's information commissioner said she will seek a warrant to access Cambridge Analytica's servers because the … Read More
Facebook has scheduled an open meeting to all employees Tuesday to let them ask questions about the unfolding Cambridge Analytica data privacy scandal, according to an internal calendar invitation reviewed by The Verge. The meeting, which is scheduled for 10AM PT, will be led by Paul Grewal, … Read More
Facebook's chief information security officer Alex Stamos is leaving the company over internal disagreements on how to handle the investigation into Russia's interference with the 2016 presidential election, the New York Times reported Monday afternoon citing anonymous sources within the company. Read More
No longer, he said, would Facebook be a closed-off software product like every other social network. Instead, it would become an open platform and invite outside developers to build apps and programs on top of it. “We want to make Facebook into something of an operating system,” Mr. Zuckerberg told … …
Regulatory scrutiny of Facebook is ramping up around the world after revelations that an analytics firm used by Donald Trump's presidential campaign improperly received data about 50m users of the social network. Politicians on both sides of the Atlantic have called for Mark Zuckerberg, Facebook's … Read More
Alex Stamos, Facebook's chief security officer and one of the key execs who helped the company track down Russian political ads on the service, plans to leave the company, according to a source familiar with his role. Update: Stamos tweeted Monday afternoon that he is “still fully engaged with my …
Facebook sent members of a digital forensics firm, called Stroz Friedberg, to perform its own independent audit of Cambridge Analytica, but Stroz Friedberg “stood down” when UK authorities requested they wait until a warrant is secured for the ICO's own criminal investigation. Facebook revealed the … Read More
The scandal surrounding Cambridge Analytica, the data-mining company that Facebook has banned from its platform for violating data use policies, gets bigger by the day. On Monday, a UK television program aired undercover footage of Alexander Nix, the company's CEO, boasting about how it could … Read More
Signing up for a Facebook account, or any free online service, comes with an implicit bargain: Use it as much as you want—check your News Feed, like a status, poke a friend—and in return, the company will collect your data, and use it to serve you ads both on Facebook …
If you're one of the 2.13 billion people who use Facebook during any given month, you might want to use your account with a "healthy dose of skepticism." That's according to millennial data scientist and self-proclaimed whistleblower Christopher Wylie, 28, who recently revealed the surprising way data … Read More