Facebook's data deals face legal scrutiny
U.S. federal prosecutors are conducting a criminal investigation into data deals Facebook Inc struck with some of the world's largest technology companies, according to a New York Times report.
U.S. federal prosecutors are conducting a criminal investigation into data deals Facebook Inc struck with some of the world's largest technology companies, according to a New York Times report.
Facebook founder and chief executive officer Mark Zuckerberg says the future of social networking isn’t in “open platforms” but in private and secure intimate communications. The CEO said that increasingly people want to be able to connect in the “digital equivalent” of their living room.
Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, British lawmakers said on Monday.
The three services will, however, continue as stand alone apps
Facebook says it extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months.
'Social media on the whole is lagging behind and playing catch up ... criminals get the hang of technology way quicker than the good guys'
Twitter deleted more than 10,000 automated accounts posting messages that discouraged people from voting in the U.S. election and wrongly appeared to be from Democrats, after the party flagged the misleading tweets to the social media company.
Facebook has revealed it will build its first data centre in Asia in Singapore, investing more than US$1 billion.
Facebook says it has identified a new coordinated political influence campaign to mislead its users and sow dissension among voters ahead of November's U.S. congressional elections.
Facebook chief executive Mark Zuckerberg's fortune took a more than US$15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in U.S. stock market history a day after executives forecast years of lower profit margins.
China has withdrawn its approval for Facebook's plan to open a new venture in the eastern province of Zhejiang, the New York Times has reported , citing a person familiar with the matter.
Facebook Inc's stock fell as much as 24 percent after hours on Wednesday over concerns about the impact of privacy issues on the social media company's business, with executives warning that revenue growth would slow and expenses would rise.
Facebook has set up a subsidiary in China and plans to create an "innovation hub" to support local start-ups and developers, the social media company said, ramping up its presence in the restrictive market where its social media sites remain blocked.
Litigation funder IMF Bentham is preparing to potentially launch an Australian lawsuit against Facebook over its sharing of users' data with political consultancy Cambridge Analytica.
Facebook CEO Mark Zuckerberg says that his company made mistakes in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers' access to such information.