Facebook has said it will set aside US$ 3bn to cover the potential costs of an investigation by US authorities into its privacy practices. While it has provided for a heavy toll from the investigation by the US Federal Trade Commission, the final cost could be US$ 5bn, it said.
Global action is required to tackle the web's downward plunge to a dysfunctional future, its inventor Sir Tim Berners-Lee has told the BBC. He made the comments in an exclusive interview to mark 30 years since he submitted his proposal for the web. Sir Tim said people had realized how their data could be manipulated after the Cambridge Analytica scandal
Facebook needs for stricter regulation, with tough and urgent action necessary to end the spread of disinformation on its platform, MPs have said. A House of Commons committee has concluded that the firm's founder Mark Zuckerberg failed to show leadership or personal responsibility over fake news.
Washington DC's top prosecutor is suing Facebook in the first significant US move to punish the firm for its role in the Cambridge Analytica scandal.
Facebook has revealed that a software bug exposed the photos of up to 6.8 million users, including pictures they had not posted. It made the announcement a day after hosting its pop-up privacy experience It's Your Facebook in New York's Bryant Park.
The UK Parliament used a rarely-used procedure to compel an app developer to seize a number of internal Facebook documents related to the company’s decision-making process preceding the Cambridge Analytica scandal, reports The Guardian. The documents reportedly contain “significant revelations” about the decisions that set the stage for the Cambridge Analytica case.
British and Canadian politicians have joined forces in calling on Facebook founder Mark Zuckerberg to explain “failures of process” regarding the spread of propaganda on the social network. Leading MPs from both parliaments co-signed a letter to Mr Zuckerberg announcing an “international grand committee” on “disinformation and fake news” to be held at the end of November.
Tensions soared between a handful of leading MEPs and Facebook CEO Mark Zuckerberg as the 34-year-old billionaire avoided answering detailed questions on the company’s data policies during a meeting in the European Parliament on Tuesday evening. Zuckerberg gave general responses to the MEPs, who came to the meeting ready to grill the CEO over Facebook’s recent data scandal, its advertising policy, and whether the social media giant is a monopoly.
Most Facebook users in the US remain loyal, despite the recent data sharing scandal involving a political consultancy firm, a poll suggests. Facebook admitted last month that the data of 87 million users had been improperly shared with the UK-based firm, Cambridge Analytica.
Britain's data privacy watchdog has ordered Cambridge Analytica to hand over all the personal information it holds on a U.S. academic, confirming the right of people abroad to seek data held by a UK firm. Data privacy activists say that it sets a precedent that would enable millions of other U.S. voters to request information that the company had collected on them.