Facebook

Facebook Gets $4m Fine From Hungary for Claim Services Are Free By Marton EderDecember 6, 2019, 10:23 AM EST Hungary’s competition watchdog handed Facebook Inc. a 1.2 billion forint ($4 million) fine for claiming its services were free. Facebook made a profit from utilizing users’ online activity and data, which served as “payment” for the services, the Budapest-based authority […]

Facebook FAKE NEWS

First target of Singapore’s ‘fake news’ law is Facebook post that alleged a failed state investment in Salt Bae

By Adam Taylor November 25, 2019 at 10:28 a.m. EST Singapore invoked its “fake news” law for the first time Monday, making a citizen amend a Nov. 13 post that the government said used “false and misleading statements” to smear reputations. But the first use of the law did not focus on misinformation sown by a foreign […]

Cryptocurrency Facebook

Facebook’s partners yet to commit money to Libra

Dave Lee North America technology reporter Source https://www.bbc.com/news/technology-50149719 23 October 2019 None of the 20 firms partnering with Facebook on its Libra cryptocurrency project have yet committed to financially backing the effort, the BBC understands. Facebook said in June the founding partners would be expected to each inject $10m, but so far no agreement has […]

Facebook Privacy

Facebook’s suspension of ‘tens of thousands’ of apps reveals wider privacy issues

The disclosures about app suspensions renew questions about whether people’s personal information on Facebook is secure The New York TimesKate Conger, Gabriel J.X. Dance And Mike Isaac September 21, 20193:31 PM EDT SAN FRANCISCO — Facebook said on Friday that it had suspended tens of thousands of apps for improperly sucking up users’ personal information […]

Facebook

Big Tech Faces A New Set Of Foes: Nearly All 50 States

Attorneys general from 48 states, Puerto Rico and the District of Columbia are investigating whether Google is engaging in monopolistic behavior. Big tech companies have long rebuffed attempts by the U.S. federal government to scrutinize or scale back their market power. Now they face a scrappy new coalition as well: prosecutors from nearly all 50 […]

Facebook

Facebook wants to create a ‘Supreme Court’ for content moderation. Will it work?

PRI’s The World September 05, 2019 · 5:30 PM EDTBy Lydia Emmanouilidou Listen to the story.https://www.pri.org/stories/2019-09-05/facebook-wants-create-supreme-court-content-moderation-will-it-work South Vietnamese forces follow after terrified children, including 9-year-old Phan Thi Kim Phùc, center, as they run down Route 1 near Trang Bang after an aerial napalm attack on suspected Viet Cong hiding places on June 8, 1972.   A few […]

China Facebook

Facebook’s Digital Money Plan Raises Stakes For China’s Cryptocurrency Ambitions

July 31, 20198:46 AM ET EMILY FENG A Chinese national flag flutters in front of the People’s Bank of China, the country’s central bank, in Beijing. The bank plans to launch a cryptocurrency.Andy Wong/AP When Facebook announced plans in June to launch a new digital currency called Libra, the news sent monetary officials scrambling in […]

Facebook

Facebook to pay record $5bn to settle privacy concerns

Facebook will pay a record $5bn fine to settle privacy concerns, the US Federal Trade Commission (FTC) has said. The social network must also establish an independent privacy committee that Facebook’s chief executive Mark Zuckerberg will not have control over. The FTC had been probing allegations political consultancy Cambridge Analytica improperly obtained the data of up […]

Facebook

Thanks to Facebook, Your Cellphone Company Is Watching You More Closely Than Ever

Sam BiddleMay 20 2019, 12:50 p.m. Among the mega-corporations that surveil you, your cellphone carrier has always been one of the keenest monitors, in constant contact with the one small device you keep on you at almost every moment. A confidential Facebook document reviewed by The Intercept shows that the social network courts carriers, along with […]

Facebook

End of WhatsApp?

Users threaten to quit over Zuckerberg’s latest money-making ad plan Published time: 28 May, 2019 16:00Edited time: 29 May, 2019 08:24 Mark Zuckerberg talks a big game when it comes to giving users what they want and serving the ‘community’ — but when push comes to shove, the Facebook CEO always follows the dollar signs […]