Ecuador's President Lenin Moreno has blocked the extradition to the United States of a New York man charged with trying to defraud Facebook Inc founder Mark Zuckerberg, according to a document obtained by Reuters.
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 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.
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.
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.
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.