Category: Facebook

Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security
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Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security

A Swiss regulatory agency that Facebook executive David Marcus said in congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to a report. CNBC is reporting that the Swiss Federal Data Protection and Information Commissioner, who Marcus said would…

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Facebook snags former Vine GM to run product for its new experimental app division, NPE Team
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Facebook snags former Vine GM to run product for its new experimental app division, NPE Team

Is Facebook preparing to launch a serious competitor to TikTok? If so, the company just picked up some key talent to make that happen. Last week, Facebook announced plans for a new division, called the NPE Team, which will build experimental consumer-focused apps where it will try different ideas and features, then see how people…

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Facebook reportedly gets a $5 billion slap on the wrist from the FTC
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Facebook reportedly gets a $5 billion slap on the wrist from the FTC

The U.S. Federal Trade Commission has reportedly agreed to end its latest probe into Facebook‘s privacy problems with a $5 billion payout. According to The Wall Street Journal, the 3-2, party-line vote by FTC commissioners was carried by the Republican majority and will be moved to the Justice Department’s civil division to be finalized. A $5…

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FTC Nukes Facebook with Record $5B Fine, and Zuck Will Laugh It Off
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FTC Nukes Facebook with Record $5B Fine, and Zuck Will Laugh It Off

The Federal Trade Commission has whacked Facebook with a record $5 billion fine stemming from the 2018 scandal in which a political consulting firm improperly accessed Facebook user data. The fine comes as a result of settlement talks between the two entities. The consulting firm, Cambridge Analytica, scraped data from 87 million Facebook profiles without…

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