Roger McNamee: Users are recognizing Facebook is ‘not the fun and games, innocent place they …
The social media giant is coming off a rough weekend, shedding nearly 7 percent after reports of a massive mishandling of data by conservative research firm Cambridge Analytica. But the greater loss may be the trust of Facebook users, tech investor Roger McNamee told CNBC's "Squawk Alley. Read More
Facebook is opening up ways for video creators to make money
Facebook is making it easier for video creators to make money on its platform, further luring them away from competitors like YouTube. The company announced in a blog post on Monday that it's rolling out a paid subscription feature and ways for advertisers find sponsorship opportunities for its creators … Read …
Facebook is rolling out Patreon-style subscriptions for a small group of creators
Facebook is investing in its creator community in an attempt to get them to make content for the social network. The company announced multiple new creator features today, including the ability for fans to support creators with monthly payments. Fans will receive exclusive content as a reward, as well as … …
No 10 ‘very concerned’ over Facebook data breach by Cambridge Analytica
Downing Street expressed its concern for the Facebook data breach that affected tens of millions of people involving the analytics company that worked with Donald Trump's campaign team. No 10 weighed in on the row as almost $20bn (£14bn) was wiped off the social network company's market cap in … Read …
How to protect your privacy on Facebook
Over the weekend, The New York Times and The Observer revealed that Cambridge Analytica paid to acquire private information on more than 50 million Facebook users. The information allowed the firm to provide services to President Trump's election campaign, including creating "target audiences … Read More
Facebook’s Stock Is Plummeting Amid the Company’s Latest Crisis. Here’s What’s Going On
Facebook Inc. shares fell the most in two months Monday as American and European officials demanded answers to reports that a political advertising firm retained information on millions of Facebook users without their consent. Politicians on both sides of the Atlantic are calling on Chief Executive … Read More
Facebook shares slump over 3 percent amid continued fallout from Cambridge Analytica scandal
Aleksander Kogan made an app called "thisisyourdigitallife" that prompted users to answer questions for a psychological profile that was then shared with Cambridge Analytica. Facebook has denied any data breach, saying that no systems were infiltrated and no passwords or sensitive information were … Read More
Facebook shares slide after reports of data misuse
The papers reported on Saturday that private information from more than 50 million Facebook users improperly ended up in the hands of data analytics firm Cambridge Analytica, and that the information had not been deleted despite Facebook demands dating back to 2015. “We think this episode is … Read More
Data leak ‘another indication of systemic problems at Facebook’ so sell the stock, analyst says
Pivotal Research reaffirms its sell rating for Facebook shares, predicting more restrictions on consumer personal data use for advertising purposes. "Because regulators will apply more scrutiny on the use of data for targeting, it seems to us that there will be more scrutiny on Facebook products," he writes. Read More
Data leak puts Facebook under intensifying scrutiny on two continents
U.S. and European officials Sunday called for Facebook Chief Executive Mark Zuckerberg to explain how personal information about tens of millions of users ended up in the hands of a data-analysis firm that worked for President Donald Trump's 2016 campaign — without the permission or knowledge … Read More