The FTC Has Voted To Approve Fining Facebook Roughly $5bn To Settle An Investigation Into The Company’s Privacy Violations

The FTC’s investigation was launched in March 2018 after the Observer revealed that the political consultancy Cambridge Analytica had improperly obtained the private information of more than 50m Facebook users. Facebook had agreed under a 2012 consent decree stemming from a previous FTC investigation into privacy concerns to better protect user privacy. The investigation centered […]

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Federal Reserve: Facebook Libra Cryptocurrency A ‘Serious Concern’

The US Federal Reserve System has added its voice to the chorus of doubts raised by lawmakers, politicians and others worldwide about Facebook’s newly announced cryptocurrency , Libra . While speaking to House lawmakers Wednesday, Federal Reserve Chairman Jerome Powell said the US central bank has “serious concerns”  about Libra, The Wall Street Journal reported. […]

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Facebook And WhatsApp Working Again After Outages

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 messaging app WhatsApp. However, Facebook did not specify the cause or scope of the outages. “Earlier today, some people may […]

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Chief Executive Officer Mark Zuckerberg is planning to unify the underlying messaging infrastructure of its WhatsApp, Instagram and Facebook Messenger services

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.”

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Facebook Bug Potentially Exposed Unshared Photos of Up 6.8 Million Users. The social-network company says apps may have had improper access to photos

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.

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Facebook News: Facebook disclosed a widespread security flaw that could have allowed hackers or other malicious third parties to access an affected user’s account by gleaning their security token.

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.

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Facebook Inc. shares continued to lag behind FANG counterparts on Thursday after a pair of analysts took opposing sides on the stock.

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.

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