One of the co-founders of Facebook called on Thursday for the social media behemoth to be broken up, warning that the company's head, Mark Zuckerberg, had become far too powerful.
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.
Facebook, Instagram and WhatsApp users on Sunday experienced difficulties accessing the social network sites and messaging service. According to the Down Detector website, Facebook began experiencing technical issues at about 6.30am US Eastern Time with users affected worldwide.
Facebook Inc more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg's security in 2018 to US$22.6 million, a regulatory filing showed on Friday. Zuckerberg has drawn a base salary of US$1 for the past three years, and his other compensation was listed at US$22.6 million, most of which was for his personal security.
French lawmakers on Monday approved a new tax on digital giants such as Facebook and Apple that has angered the United States, with Finance Minister Bruno Le Maire boasting that France was proud to be in the vanguard of such a move.
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.
Apple has announced plans to build a new campus in Austin, Texas, saying the project will involve a one-billion-dollar investment. The company already has an existing base in the city. The iPhone-maker said it expected the latest move would eventually make it in the state's capital biggest private employer.
Politicians from nine countries reacted angrily to the absence of Facebook founder Mark Zuckerberg at a hearing on Tuesday. The event is part of an unprecedented international inquiry into disinformation and fake news.