The scourge of Facebook
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handdrummer
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Re: The scourge of Facebook
I don't know any children but I can think of a few "adults" I'd like to shrink wrap.
Re: The scourge of Facebook
Russian warning on US tech firm dominance
Facebook’s intended foray into digital currencies has been met with mixed reactions. Many have alluded that the social media giant could be about to produce some kind of Bitcoin competitor while others have made a more complex claim that it signals a much deeper and far-ranging global intention.
One of these is the head of Russia’s state oil company, Rosneft, who has suggested that the US tech monopolies, such as Facebook, are angling to dominate global trading networks by controlling virtual currencies. Igor Sechin, who is also often described as Russian President Vladimir Putin’s de facto deputy, spoke at length on the subject at the St Petersburg International Economic Forum last week, according to Russian media reports.
Facebook wasn’t named directly but Russian media interpreted Sechin’s comments clearly enough and the Californian firm has been making big waves recently to launch its ‘Global Coin’ cryptocurrency, which could be rolled out within this year. A grand hiring spree and expansion of its blockchain division has just occurred at Facebook, which many say could see it monopolizing this space in the same way it does with personal data.
As Bloomberg wrote last month, “more than 2 billion users spending one currency, controlled by one billionaire. What’s to worry about?”
https://www.asiatimes.com/2019/06/artic ... dominance/
Facebook’s intended foray into digital currencies has been met with mixed reactions. Many have alluded that the social media giant could be about to produce some kind of Bitcoin competitor while others have made a more complex claim that it signals a much deeper and far-ranging global intention.
One of these is the head of Russia’s state oil company, Rosneft, who has suggested that the US tech monopolies, such as Facebook, are angling to dominate global trading networks by controlling virtual currencies. Igor Sechin, who is also often described as Russian President Vladimir Putin’s de facto deputy, spoke at length on the subject at the St Petersburg International Economic Forum last week, according to Russian media reports.
Facebook wasn’t named directly but Russian media interpreted Sechin’s comments clearly enough and the Californian firm has been making big waves recently to launch its ‘Global Coin’ cryptocurrency, which could be rolled out within this year. A grand hiring spree and expansion of its blockchain division has just occurred at Facebook, which many say could see it monopolizing this space in the same way it does with personal data.
As Bloomberg wrote last month, “more than 2 billion users spending one currency, controlled by one billionaire. What’s to worry about?”
https://www.asiatimes.com/2019/06/artic ... dominance/
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: The scourge of Facebook
THE DARK SIDE OF ZUCKERBERG’S POWERFUL NEW CRYPTO COIN
In its quest for world domination, Facebook has already disrupted everything from the media industry to American democracy, drawing scrutiny for things like its pitiful handling of user data, its monopolistic tendencies, and a “digital gangster” mentality along the way. Now, as regulators in Washington, D.C., bear down on Facebook, co-founder Mark Zuckerberg has acquired a new target: the global financial system.
On Tuesday, Facebook announced plans to debut Libra, a cryptocurrency it has been developing for more than a year. Described by the company as “a simple global currency and financial infrastructure that can empower billions of people,” Libra will partner Facebook with Mastercard, Visa, Uber, and an array of other high-profile companies in what the New York Times called “the most far-reaching attempt by a mainstream company to jump into the world of cryptocurrencies.”
https://www.vanityfair.com/news/2019/06 ... tocurrency
Facebook Triggers Fresh Washington Fury Over Crypto Project
Facebook Inc.’s plans to create a new cryptocurrency that can be used for everything from commerce to money transfers is facing pushback from angry U.S. lawmakers.
House Financial Services Committee Chairwoman Maxine Waters urged the company to halt development of the token until Congress and regulators can examine it. Other lawmakers demanded hearings and questioned whether the coin, called Libra, will have appropriate oversight.
The scrutiny shows the risks for a corporate titan like Facebook, which already faces deep skepticism in Washington, of moving into a controversial industry like cryptocurrencies. Still reeling from allegations that it failed to protect users’ data, the Silicon Valley power is now entering a space that is known for its lax regulation and resistance to oversight.
“Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data,” Waters, a California Democrat, said in a statement. “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users.”
https://www.bloomberg.com/news/articles ... to-project
In its quest for world domination, Facebook has already disrupted everything from the media industry to American democracy, drawing scrutiny for things like its pitiful handling of user data, its monopolistic tendencies, and a “digital gangster” mentality along the way. Now, as regulators in Washington, D.C., bear down on Facebook, co-founder Mark Zuckerberg has acquired a new target: the global financial system.
On Tuesday, Facebook announced plans to debut Libra, a cryptocurrency it has been developing for more than a year. Described by the company as “a simple global currency and financial infrastructure that can empower billions of people,” Libra will partner Facebook with Mastercard, Visa, Uber, and an array of other high-profile companies in what the New York Times called “the most far-reaching attempt by a mainstream company to jump into the world of cryptocurrencies.”
https://www.vanityfair.com/news/2019/06 ... tocurrency
Facebook Triggers Fresh Washington Fury Over Crypto Project
Facebook Inc.’s plans to create a new cryptocurrency that can be used for everything from commerce to money transfers is facing pushback from angry U.S. lawmakers.
House Financial Services Committee Chairwoman Maxine Waters urged the company to halt development of the token until Congress and regulators can examine it. Other lawmakers demanded hearings and questioned whether the coin, called Libra, will have appropriate oversight.
The scrutiny shows the risks for a corporate titan like Facebook, which already faces deep skepticism in Washington, of moving into a controversial industry like cryptocurrencies. Still reeling from allegations that it failed to protect users’ data, the Silicon Valley power is now entering a space that is known for its lax regulation and resistance to oversight.
“Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data,” Waters, a California Democrat, said in a statement. “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users.”
https://www.bloomberg.com/news/articles ... to-project
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
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BarryAmilm
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The scourge of Facebook
Anyone has a suggestion or can make a kicka& facebook cover foto?
Thank you in advance
Thank you in advance
Re: The scourge of Facebook
Delete Facebook permanently, Apple co-founder warns
https://au.finance.yahoo.com/news/delet ... 30503.html
Apple co-founder Steve Wozniak took time out of his day to warn us all to delete Facebook. Permanently.
The co-founder stopped to talk to TMZ at Reagan National Airport earlier this week, and told cameras that he’s genuinely worried about privacy.
“There are many different kinds of people, and some the benefits of Facebook are worth the loss of privacy,” Wozniak told TMZ.
“But to many like myself, my recommendation is - to most people - you should figure out a way to get off Facebook.”
Related article: The $13 billion man: How one employee's resignation has rocked Apple
Related article: Prepare to buy new Apple accessories - again
Related article: Why is Apple cutting its iconic iTunes product?
Three weeks after Facebook’s part in the Cambridge Analytica scandal was revealed, Wozniak deleted his Facebook account.
But, while he urged everyone to delete the app, he told TMZ that there really was no stopping big tech firms.
“I mean, they can measure your heartbeat with lasers now, they can listen to you with a lot of devices,” he said.
“Who knows if my mobile phone’s listening right now. Alexa has already been in the news a lot.”
“So I worry because you’re having conversations that you think are private...You’re saying words that really shouldn’t be listened to, because you don’t expect it.”
“But there’s almost no way to stop it.”
But what’s the tech pioneer’s solution to the problem with big tech and data breaches?
Give us the choice to pay more for our privacy.
“Let me pay a certain amount, and you’ll keep my data more secure and private than everybody else handing it to advertisers.”
https://au.finance.yahoo.com/news/delet ... 30503.html
Apple co-founder Steve Wozniak took time out of his day to warn us all to delete Facebook. Permanently.
The co-founder stopped to talk to TMZ at Reagan National Airport earlier this week, and told cameras that he’s genuinely worried about privacy.
“There are many different kinds of people, and some the benefits of Facebook are worth the loss of privacy,” Wozniak told TMZ.
“But to many like myself, my recommendation is - to most people - you should figure out a way to get off Facebook.”
Related article: The $13 billion man: How one employee's resignation has rocked Apple
Related article: Prepare to buy new Apple accessories - again
Related article: Why is Apple cutting its iconic iTunes product?
Three weeks after Facebook’s part in the Cambridge Analytica scandal was revealed, Wozniak deleted his Facebook account.
But, while he urged everyone to delete the app, he told TMZ that there really was no stopping big tech firms.
“I mean, they can measure your heartbeat with lasers now, they can listen to you with a lot of devices,” he said.
“Who knows if my mobile phone’s listening right now. Alexa has already been in the news a lot.”
“So I worry because you’re having conversations that you think are private...You’re saying words that really shouldn’t be listened to, because you don’t expect it.”
“But there’s almost no way to stop it.”
But what’s the tech pioneer’s solution to the problem with big tech and data breaches?
Give us the choice to pay more for our privacy.
“Let me pay a certain amount, and you’ll keep my data more secure and private than everybody else handing it to advertisers.”
May you be in heaven half an hour before the devil know`s you`re dead!
Re: The scourge of Facebook
He is right ... but you have to see the irony coming from a company that does with hardware what facebook does with data - monopolizes it!
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: The scourge of Facebook
The thing that gets me about Facebook (and is a big reason why I don't like it) is that it has beguiled billions of people to willingly surrender an incredibly detailed daily story of their life, basically letting everyone know everything about them and sacrificing it all at the alter of vanity and narcissism ... and most have no idea what they have given up. This is on top of the company's inability to respect any data privacy and who knows who is privy to it all. Personal data on the level Facebook is able to access has untold value ... for good or ill. Personally, I think Wozniak is right. Other offenders are like Google, which is just some huge snooping tool that people should also ween themselves off ... try duckduckgo search if you like privacy, just as good but leaves you be. Other than that, then you should be using a VPN or TOR browser, Opera with the free VPN is OK too.
Resolve dissolves in alcohol
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handdrummer
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Re: The scourge of Facebook
Google now allows 3rd. parties to read your email. That's comforting.
Re: The scourge of Facebook
Facebook faces record $5bn fine
https://www.bangkokpost.com/world/17119 ... d-5bn-fine
Critics say settlement reached with US regulators in Cambridge Analytica data privacy scandal doesn't go far enough
WASHINGTON: US officials have approved a record $5-billion settlement with Facebook to resolve the Cambridge Analytica data privacy scandal, prompting an outcry from lawmakers and privacy advocates who said it didn’t go far enough.
Although details of the settlement with the US Federal Trade Commission (FTC) weren’t announced, the fine is steep but far from devastating for Facebook. The company, which reported revenue of almost $56 billion in 2018, said earlier it had set aside $3 billion in anticipation of the fine.
“This reported $5-billion penalty is barely a tap on the wrist, not even a slap,” said Senator Richard Blumenthal, a Connecticut Democrat, who called for a hearing on the agreement. “Such a financial punishment for purposeful, blatant illegality is chump change for a company that makes tens of billions of dollars every year.”
The FTC settlement was approved by a vote of 3-2, according to two people who asked not to be named because they weren’t authorised to speak publicly about the decision. The agreement still needs approval from the US Justice Department.
The resolution caps an investigation that opened in March 2018 after news that Cambridge Analytica, a consulting firm hired by President Donald Trump’s campaign, obtained user data from a researcher who created a personality quiz app on the social network.
The settlement marks the most significant action yet against Facebook over a series of mishaps that have compromised users’ data and sent the company reeling from one crisis to another. The FTC’s two Democratic commissioners, Rebecca Kelly Slaughter and Rohit Chopra, voted against it, according to one of the sources.
Slaughter, Chopra, Facebook and the FTC declined to comment.
The job of defending the settlement will fall to FTC chairman Joe Simons, who has tried to avoid split enforcement decisions as head of the agency.
While Facebook had agreed to give its board oversight of its privacy policies, CEO Mark Zuckerberg is the controlling board member with nearly 58% of the voting power. The board also includes Facebook’s other top executive, chief operating officer Sheryl Sandberg. The two already have power over the company’s privacy policies.
Public-interest groups including Public Knowledge, Public Citizen and the Open Markets Institute said any deal with the FTC should impose remedies that would rein in Facebook’s data collection practices in addition to a fine.
“Something clearly has to be done to strengthen the data protection practices of that company,” said Marc
Rotenberg, president of the Electronic Privacy Information Center, which filed a complaint against Facebook that led to the FTC’s 2011 consent decree with the social-media company that addressed a litany of deceptive practices.
The tech industry group NetChoice praised the fine, saying it would motivate companies to improve their privacy practices.
The Cambridge Analytica incident stems from a personality-quiz app offered to Facebook users by a Cambridge University researcher. About 270,000 people downloaded the app, allowing the researcher to access data about those individuals and their friends. The information was subsequently sold to Cambridge Analytica.
Even as it resolves the FTC privacy inquiry, Facebook is still grappling with regulatory scrutiny on several other fronts — including the prospect of a new investigation by the FTC’s antitrust section. One area of focus is likely to be the company’s acquisitions of the photo-sharing app Instagram and the WhatsApp messaging service.
Other leaky controls have also come to light. Facebook acknowledged giving big tech companies like Amazon and Yahoo extensive access to users’ personal data, in effect exempting them from its usual privacy rules. And it collected call and text logs from phones running Google’s Android system in 2015.
The company faces a slew of other investigations, both in the US and overseas, that could carry their own fines and, more importantly possible limits to its data collection. This includes nearly a dozen by the Irish Data Protection Commissioner, which oversees privacy regulation in the European Union.
https://www.bangkokpost.com/world/17119 ... d-5bn-fine
Critics say settlement reached with US regulators in Cambridge Analytica data privacy scandal doesn't go far enough
WASHINGTON: US officials have approved a record $5-billion settlement with Facebook to resolve the Cambridge Analytica data privacy scandal, prompting an outcry from lawmakers and privacy advocates who said it didn’t go far enough.
Although details of the settlement with the US Federal Trade Commission (FTC) weren’t announced, the fine is steep but far from devastating for Facebook. The company, which reported revenue of almost $56 billion in 2018, said earlier it had set aside $3 billion in anticipation of the fine.
“This reported $5-billion penalty is barely a tap on the wrist, not even a slap,” said Senator Richard Blumenthal, a Connecticut Democrat, who called for a hearing on the agreement. “Such a financial punishment for purposeful, blatant illegality is chump change for a company that makes tens of billions of dollars every year.”
The FTC settlement was approved by a vote of 3-2, according to two people who asked not to be named because they weren’t authorised to speak publicly about the decision. The agreement still needs approval from the US Justice Department.
The resolution caps an investigation that opened in March 2018 after news that Cambridge Analytica, a consulting firm hired by President Donald Trump’s campaign, obtained user data from a researcher who created a personality quiz app on the social network.
The settlement marks the most significant action yet against Facebook over a series of mishaps that have compromised users’ data and sent the company reeling from one crisis to another. The FTC’s two Democratic commissioners, Rebecca Kelly Slaughter and Rohit Chopra, voted against it, according to one of the sources.
Slaughter, Chopra, Facebook and the FTC declined to comment.
The job of defending the settlement will fall to FTC chairman Joe Simons, who has tried to avoid split enforcement decisions as head of the agency.
While Facebook had agreed to give its board oversight of its privacy policies, CEO Mark Zuckerberg is the controlling board member with nearly 58% of the voting power. The board also includes Facebook’s other top executive, chief operating officer Sheryl Sandberg. The two already have power over the company’s privacy policies.
Public-interest groups including Public Knowledge, Public Citizen and the Open Markets Institute said any deal with the FTC should impose remedies that would rein in Facebook’s data collection practices in addition to a fine.
“Something clearly has to be done to strengthen the data protection practices of that company,” said Marc
Rotenberg, president of the Electronic Privacy Information Center, which filed a complaint against Facebook that led to the FTC’s 2011 consent decree with the social-media company that addressed a litany of deceptive practices.
The tech industry group NetChoice praised the fine, saying it would motivate companies to improve their privacy practices.
The Cambridge Analytica incident stems from a personality-quiz app offered to Facebook users by a Cambridge University researcher. About 270,000 people downloaded the app, allowing the researcher to access data about those individuals and their friends. The information was subsequently sold to Cambridge Analytica.
Even as it resolves the FTC privacy inquiry, Facebook is still grappling with regulatory scrutiny on several other fronts — including the prospect of a new investigation by the FTC’s antitrust section. One area of focus is likely to be the company’s acquisitions of the photo-sharing app Instagram and the WhatsApp messaging service.
Other leaky controls have also come to light. Facebook acknowledged giving big tech companies like Amazon and Yahoo extensive access to users’ personal data, in effect exempting them from its usual privacy rules. And it collected call and text logs from phones running Google’s Android system in 2015.
The company faces a slew of other investigations, both in the US and overseas, that could carry their own fines and, more importantly possible limits to its data collection. This includes nearly a dozen by the Irish Data Protection Commissioner, which oversees privacy regulation in the European Union.
May you be in heaven half an hour before the devil know`s you`re dead!
Re: The scourge of Facebook
Alone in a crowd
https://www.bangkokpost.com/thailand/ge ... in-a-crowd
A cruel irony of 21st century life is that social media often leads to isolation.
Obsession with social media and mobile application technology is fast creating a socially isolated society, say medical experts.
Dr Apichat Jariyavilas, a spokesperson for the department of Mental Health, Ministry of Public Health, said that like all things in life, it is imperative to strike a balance.
He said social media, especially Facebook and Instagram, has become a huge part of society’s everyday life, while mobile applications such as food delivery services, in particular, have become tools users welcome to help address the hassle of being stuck in traffic during mealtimes.
Both tools, when used appropriately, have numerous benefits, he added, but taking it to the extreme can create social isolation.
Speaking of social media, he said that when used to get validation from others, it can often consume people to the point of obsession with everything from sharing, posting, liking, commenting, selfieing and worrying how to perfectly filter photos so they appear more attractive.
Subconsciously, it is all about keeping their “following” count lower than their “followers”.
“It is all about an image,” remarked Dr Apichart. “We can accumulate hundreds of people following us, or friends, but in actuality have half the amount. Why do we feel we need this satisfaction from strangers or people we barely know liking what our lunch looked like that day?
“Experts might not all be on board with whether this is classified as addiction, but what is for certain, is that when this becomes an obsession it isolates the individual from reality. The need to go out there and converse with people is crucial.
When detachment occurs, there is a high likelihood that the person’s emotional health will be impacted.”
As for mobile apps, he said, using them is beneficial especially in urban cities, however, catching up with friends should also be important as humans are social beings. He noted part of the reason social media such as Facebook makes user feel socially isolated, even though they may not actually be, is the comparison element.
“Unconsciously, users fall into the trap of comparing themselves to others as they scroll through their feeds, and make judgements about how they measure up to others. Research tells us that in the social network world, it seems that any type of comparison is connected to depressive symptoms,” he added.
“Part of the unhealthy cycle is that users keep coming back to social media, even though it doesn’t necessarily make them feel very good always. This is probably because it works like a drug. Users perceive it as a fix to help them feel better, but it can very likely make them feel worse.”
Dr Apichart suggests keeping a healthy attitude towards the way one uses social media and technology by not allowing it to dominate how one feels.
“It is pivotal to keep a check on your emotional condition, especially when you find yourself preoccupied with social media. Find outside activities to indulge in, go out and meet people.”
https://www.bangkokpost.com/thailand/ge ... in-a-crowd
A cruel irony of 21st century life is that social media often leads to isolation.
Obsession with social media and mobile application technology is fast creating a socially isolated society, say medical experts.
Dr Apichat Jariyavilas, a spokesperson for the department of Mental Health, Ministry of Public Health, said that like all things in life, it is imperative to strike a balance.
He said social media, especially Facebook and Instagram, has become a huge part of society’s everyday life, while mobile applications such as food delivery services, in particular, have become tools users welcome to help address the hassle of being stuck in traffic during mealtimes.
Both tools, when used appropriately, have numerous benefits, he added, but taking it to the extreme can create social isolation.
Speaking of social media, he said that when used to get validation from others, it can often consume people to the point of obsession with everything from sharing, posting, liking, commenting, selfieing and worrying how to perfectly filter photos so they appear more attractive.
Subconsciously, it is all about keeping their “following” count lower than their “followers”.
“It is all about an image,” remarked Dr Apichart. “We can accumulate hundreds of people following us, or friends, but in actuality have half the amount. Why do we feel we need this satisfaction from strangers or people we barely know liking what our lunch looked like that day?
“Experts might not all be on board with whether this is classified as addiction, but what is for certain, is that when this becomes an obsession it isolates the individual from reality. The need to go out there and converse with people is crucial.
When detachment occurs, there is a high likelihood that the person’s emotional health will be impacted.”
As for mobile apps, he said, using them is beneficial especially in urban cities, however, catching up with friends should also be important as humans are social beings. He noted part of the reason social media such as Facebook makes user feel socially isolated, even though they may not actually be, is the comparison element.
“Unconsciously, users fall into the trap of comparing themselves to others as they scroll through their feeds, and make judgements about how they measure up to others. Research tells us that in the social network world, it seems that any type of comparison is connected to depressive symptoms,” he added.
“Part of the unhealthy cycle is that users keep coming back to social media, even though it doesn’t necessarily make them feel very good always. This is probably because it works like a drug. Users perceive it as a fix to help them feel better, but it can very likely make them feel worse.”
Dr Apichart suggests keeping a healthy attitude towards the way one uses social media and technology by not allowing it to dominate how one feels.
“It is pivotal to keep a check on your emotional condition, especially when you find yourself preoccupied with social media. Find outside activities to indulge in, go out and meet people.”
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May you be in heaven half an hour before the devil know`s you`re dead!
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handdrummer
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Re: The scourge of Facebook
My wife and I were eating lunch in a restaurant when 5 Thais, in there 20's, came in, sat down, took out there phones and tapped away until the waitress brought the menus and they ordered. Immediately, after ordering, they went back to their phones and either kept them in one hand, eating with the other or laid them on the table and kept tapping while eating. They never said a word to each other the whole time we were they. It was ghoulish.
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centermid7
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Re: The scourge of Facebook
^^ insert any nationality and it will be the same.
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handdrummer
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Re: The scourge of Facebook
5 Eskimos. Not a nationality but they will suffice.
5 Australian Aboriginals.
5 Borneoans.
5 Martians.
Re: The scourge of Facebook
A huge database of Facebook users’ phone numbers found online
Hundreds of millions of phone numbers linked to Facebook accounts have been found online.
The exposed server contained more than 419 million records over several databases on users across geographies, including 133 million records on U.S.-based Facebook users, 18 million records of users in the U.K., and another with more than 50 million records on users in Vietnam.
But because the server wasn’t protected with a password, anyone could find and access the database.
Each record contained a user’s unique Facebook ID and the phone number listed on the account. A user’s Facebook ID is typically a long, unique and public number associated with their account, which can be easily used to discern an account’s username.
https://techcrunch.com/2019/09/04/faceb ... s-exposed/
Hundreds of millions of phone numbers linked to Facebook accounts have been found online.
The exposed server contained more than 419 million records over several databases on users across geographies, including 133 million records on U.S.-based Facebook users, 18 million records of users in the U.K., and another with more than 50 million records on users in Vietnam.
But because the server wasn’t protected with a password, anyone could find and access the database.
Each record contained a user’s unique Facebook ID and the phone number listed on the account. A user’s Facebook ID is typically a long, unique and public number associated with their account, which can be easily used to discern an account’s username.
https://techcrunch.com/2019/09/04/faceb ... s-exposed/
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: The scourge of Facebook
U.S. Justice Department to open Facebook antitrust investigation
The U.S. Justice Department will open an antitrust investigation of Facebook Inc, a person familiar with the matter said on Wednesday, marking the fourth recent antitrust probe of the social media company.
Facebook also faces probes by the Federal Trade Commission (FTC), a group of state attorneys general led by New York and the House of Representatives Judiciary Committee.
Large tech companies, including Apple Inc, Amazon.com Inc and Alphabet Inc’s Google, have increasingly been on the defensive in recent years over lapses such as privacy breaches and outsized market influence.
Facebook has faced extra scrutiny tied to how it allowed its platforms to be used during the 2016 U.S. presidential election.
The company, which owns one-time rivals Instagram and WhatsApp and has 2.4 billion monthly users, recently paid a $5 billion settlement for sharing 87 million users’ data with defunct British political consulting firm Cambridge Analytica.
Facebook declined to comment on Wednesday.
https://www.reuters.com/article/us-face ... SKBN1WA35M
The U.S. Justice Department will open an antitrust investigation of Facebook Inc, a person familiar with the matter said on Wednesday, marking the fourth recent antitrust probe of the social media company.
Facebook also faces probes by the Federal Trade Commission (FTC), a group of state attorneys general led by New York and the House of Representatives Judiciary Committee.
Large tech companies, including Apple Inc, Amazon.com Inc and Alphabet Inc’s Google, have increasingly been on the defensive in recent years over lapses such as privacy breaches and outsized market influence.
Facebook has faced extra scrutiny tied to how it allowed its platforms to be used during the 2016 U.S. presidential election.
The company, which owns one-time rivals Instagram and WhatsApp and has 2.4 billion monthly users, recently paid a $5 billion settlement for sharing 87 million users’ data with defunct British political consulting firm Cambridge Analytica.
Facebook declined to comment on Wednesday.
https://www.reuters.com/article/us-face ... SKBN1WA35M
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson