Facebook And WhatsApp Outages | BY LEANDRO SANNA | STOCK MARKET NEWS TODAY | Facebook Inc (NASDAQ:FB) said it restored services on Sunday after some users could not access its social networking site, photo-sharing network Instagram and […]
Facebook Inc. and its photo-sharing app Instagram sued four companies and three people based in China for allegedly creating and selling fake online accounts, likes and followers that were used for misinformation campaigns and other scams.
In a statement, Facebook said it wanted to “build the best messaging experiences we can; and people want messaging to be fast, simple, reliable and private.” It added: “We’re working on making more of our messaging products end-to-end encrypted and considering ways to make it easier to reach friends and family across networks.”
Up to 1,500 apps may have had improper access to photos that weren’t yet shared by Facebook users, including in draft posts, from Sept. 13 to Sept. 25, the company said Friday in a post on its developers’ blog. The latest incident also exposes Facebook to fresh scrutiny from European regulators, who earlier this year enacted legislation requiring internet companies like Facebook to inform them about breaches within 72 hours.
Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the Securities and Exchange Commission.
Internal emails show Facebook Inc. considered charging companies for continued access to user data several years ago, a step that would have marked a dramatic shift away from the social-media giant’s policy of not selling that information, according to an unredacted court document viewed by The Wall Street Journal.
The company said there had been significant issues with uploading ads that meant that users were unable to post any marketing content
The darkening mood within the social-media giant is notable in part because its workforce has been resilient through other difficult patches in the past. That includes the period after the 2016 presidential election, when many critics were blaming Facebook for allowing fabricated news articles to pervade the platform.
StockMarketNews.Today – The flaw affected as many as 50 million people, and Facebook says it’s forcibly making around 90 million users log back into their accounts in full today to be safe. The company says around 40 million additional people simply used the exploitable feature since the exploit was active.
StockMarketNews.Today – Facebook is the only member of the group that’s lost value in 2018, as data privacy scandals and scrutiny over its role in election meddling have weighed on user growth and spurred greater spending on things like security. Facebook has lost about 8 percent so far this month and is on track to close at its lowest since April.
StockMarketNews.Today – Wall Street is off to a soft start as a steep fall for Facebook shares — after the social-networking site lowered its revenue expectations — weighs on the wider technology sector.