FTC Nukes Facebook with Record $5B Fine and Zuck Will Laugh It Off

2019-7-13 03:30

The Federal Trade Commission has whacked Facebook with a record $5 billion fine stemming from the 2018 scandal in which a political consulting firm improperly accessed Facebook user data. The fine comes as a result of settlement talks between the two entities.

The consulting firm, Cambridge Analytica, scraped data from 87 million Facebook profiles without […]

The post FTC Nukes Facebook with Record $5B Fine and Zuck Will Laugh It Off appeared first on CCN Markets

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Источник: ccn.com

facebook fine → Результатов: 16

Facebook Stiffs Russia Over Wallet-Busting $46 Fine

Despite having a CEO who is the fifth-richest person in the world, Facebook failed to pay a $46 fine to Russian authorities. The fine originated from Facebook's failure to comply with a 2015 law that requires foreign-based online service providers — such as social media platforms — to store the personal data of their users […] The post Facebook Stiffs Russia Over Wallet-Busting $46 Fine appeared first on CCN.com

2019-9-10 23:04	Russia
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Here’s how to delete or deactivate your Instagram account

Welcome to TNW Basics, a collection of tips, guides, and advice on how to easily get the most out of your gadgets, apps, and other stuff. Tired of Facebook too? We’ve got a guide for that. Social platforms like Instagram walk a fine line between being handy and consuming your whole life.

2019-7-2 12:43	Tech
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Crypto Experts’ Take On Facebook’s Cryptocurrency “Libra”: It’s Three Magical Words

In early 2008, the Facebook-Cambridge Analytics data scandal revealed that the latter harvested the personal data of millions of people’s Facebook profile without their consent and used it for political advertising purposes.

2019-6-18 21:16	Facebook
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Op Ed: 3 Reasons Why Crypto Has an Exchange Problem

While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.

2019-5-4 22:14	Op-ed
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Zuckerberg Envisions “Privacy-Focused Future” as FB Shares Soar on Expectation of $5 Billion in Fines over Privacy Concerns

Recently, Twitter and Snapchat released its better than terrible revenue data for Q1 that had all the eyes on Facebook which met user growth and beat market expectations on revenue. Q1 revenue amounted $15.

2019-4-25 19:24	Facebook
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Google Nemesis Becomes Big Tech Ally Against Warren Breakup Plan

The European Union’s antitrust commissioner has emerged as a surprise ally for Facebook, Google, and even Apple as Elizabeth Warren bets her presidential bid on breaking up big tech. Margrethe Vestager, until now a thorn in the regulatory side of technology giants like Amazon and Google, has surprisingly emerged in their support.

2019-3-20 00:00
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Apple Stock Rallies as Investors Laugh at Elizabeth Warren’s Tech War

Despite 2020 presidential candidate Elizabeth Warren’s calls over the weekend to break up big tech companies like Amazon, Alphabet, Apple, and Facebook under U. S. anti-trust laws, these tech stocks are doing fine Monday.

2019-3-12 21:33
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Zuckerberg is Finally Discovering Privacy But Advertisers Are Quitting Facebook

Facebook CEO Mark Zuckerberg is boasting that the social media platform is going to shift its focus to users’ privacy by encrypting messages. He says that the company won’t even be able to access these messages.

2019-3-11 09:59	Mark Zuckerberg
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Facebook fined 0.001% of its 2017 revenue for Cambridge Analytica scandal

One of 201800 — was issued by the UK Information Commissioner‘s Office today and cements the initial ruling in July, the Guardian reports. It doesn’t take a genius to work out that the fine is pocket change for the social media giant.

2018-10-25 17:12	UK
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Facebook is using your personal data, here’s why it’s fine

When the Cambridge Analytica scandal came out, it did more than just shake up Facebook, it stirred the conversation about privacy and brought it front and center. Privacy is a huge subject especially when it plays on the fear of losing it.

2018-10-6 15:30	Facebook
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Instagram test shares location data with Facebook

Instagram appears to be testing a new setting which would allow it to share user location data with parent company Facebook — meaning Facebook would have a near-complete picture of your movements even if you don’t use its own app.

2018-10-6 01:07	Facebook
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EU might fine Facebook $1.63B for latest data breach

Facebook’s data breach from last week – which impacted more than 50 million users – might cost the company a pretty penny. If the European Union’s (EU) watchdog finds that the company violated privacy laws, it could face a massive fine of $1.

2018-10-2 13:00	security
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EU to fine social media platforms that take more than 1 hour to remove extremist content

The European Union is reportedly planning to impose stricter regulations on social media platforms including Facebook, YouTube, and Twitter over the removal of online terrorist propaganda. The Financial Times reported on Sunday that according to new draft regulations to be published next month, the EU plans to impose fines on companies if terrorist content is not deleted within an hour of posting, abandoning its earlier approach of getting internet platforms to remove such content voluntarily.

2018-8-20 07:41	security
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Vietnamese Government Bans Mining Hardware Imports

Following a high-level proposal in July to ban the importation of all cryptocurrency mining equipment into Vietnam, the Vietnamese Customs Department has announced a total ban on all mining rig imports, according to a local news outlet.

2018-8-16 21:58	Mining
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Academic expert says Google and Facebook’s AI researchers aren’t doing science

The field of artificial intelligence, to those on the outside, must appear to be an orderly gathering of intellectuals collaborating at the cutting edge of technology. It’s not. If you dig beyond the hyperbole of Elon Musk and the wonders promised by Google, there’s a number of gnashing dissenters who’re happy to toss shade at the entire industry.

2018-7-14 02:13	Tech
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In a captivating revelation during the “What Bitcoin Did” podcast with Peter McCormack, David Marcus, the former spearhead of Facebook’s Libra project and now CEO & co-founder of Lightspark, made intriguing comments about Facebook’s CEO, Mark Zuckerberg’s perspective on Bitcoin.

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