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SAN FRANCISCO, United States (AFP) – Facebook-owner Meta is ending a run as one of the few major firms without debt, launching its first bond sale as the company battles uncertainty and bets heavily on its metaverse vision. Worries over the social media giant’s future and fierce competition from TikTok have sent its stock plummeting, while the firm spends billions on its plan for the internet’s next iteration. Meta reported to the US markets watchdog […]
by Dmitry ZAKS Agence France Presse LONDON, United States (AFP) — Facebook chief Mark Zuckerberg pushed back Wednesday against emails showing the social media giant offering Netflix and other popular apps preferential access to people’s data even after it had tightened its privacy rules. A British parliamentary committee investigating whether the social media behemoth was being used to manipulate the results of elections published 250 pages of internal Facebook documents earlier Wednesday. They show executives […]
SYDNEY, Australia (AFP)- Prime Minister Malcolm Turnbull would “love” Facebook boss Mark Zuckerberg to be grilled by Australian lawmakers, he said Thursday, in the wake of revelations the tech giant allowed Chinese smartphone makers access to user data. The social media behemoth has drawn renewed criticism after confirming it shared data with Chinese electronics firms, including Huawei which has been banned by the US military over cyber espionage concerns. Canberra has recently moved to strengthen its […]
by Alex Pigman Agence France Presse BRUSSELS, Belgium (AFP) — Facebook chief Mark Zuckerberg has agreed to meet European Parliament members behind closed-doors to answer questions in the wake of the Cambridge Analytica scandal, a top official said on Wednesday. Senior lawmakers have “agreed that Mark Zuckerberg should come to clarify issues related to the use of personal data in a meeting with representatives of the European Parliament,” the parliament’s leader Antonio Tajani said in […]
by Glenn CHAPMAN Agence France Presse SAN JOSE, United States (AFP) — Facebook chief Mark Zuckerberg announced Tuesday the world’s largest social network will soon include a new dating feature — while vowing to make privacy protection its top priority in the wake of the Cambridge Analytica scandal. Zuckerberg unveiled the plans as he addressed Facebook’s annual developers conference in San Jose, California — emphasizing that the focus would be on helping people find long-term […]
SAN FRANCISCO, United States (AFP) — Facebook, embattled in a scandal over the mishandling of user data, confirmed Monday that it also collected information from people beyond their social network use. During heated hearings in Congress last week, CEO Mark Zuckerberg had already explained that Facebook collects data beyond what users share their profiles. “When you visit a site or app that uses our services, we receive information even if you’re logged out or don’t […]
WASHINGTON, United States (AFP) – Facebook chief Mark Zuckerberg placed the blame for privacy and security lapses at the world’s largest social network squarely on himself as he girded Monday for appearances this week on Capitol Hill before angry lawmakers. In prepared remarks released by a congressional panel, Zuckerberg admitted he was too idealistic and failed to grasp how the platform — used by two billion people — could be abused and manipulated. The 33-year-old […]
WASHINGTON, United States (AFP) — Facebook will likely need “a few years” to fix the problems uncovered by the revelations on the hijacking of private user data, chief executive Mark Zuckerberg said in an interview released Monday. Speaking to the news site Vox, Zuckerberg defended the company’s business model and shot back at criticism of the social networking giant from Apple CEO Tim Cook last week. Zuckerberg maintained that one of Facebook’s problems was that […]
by Glenn Chapman / with Robin Millard in London Agence France-Presse SAN FRANCISCO, United States – A public apology by Facebook chief Mark Zuckerberg failed Thursday to quell outrage over the hijacking of personal data from millions of people, as critics demanded that the social media giant go much further to protect user privacy. Speaking out for the first time about the harvesting of Facebook user data by a British firm linked to Donald Trump’s […]
WASHINGTON, United States (AFP) — EU justice commissioner Vera Jourova warned Wednesday that data protection scandals such as that currently engulfing Facebook would become “very expensive” for companies from May under new EU regulations. “If some company tried this in Europe after May 2018, very likely this drastic sanction will be applied,” said Jourova, who is in charge of consumer and personal data protection, at the end of a visit to Washington. Facebook is under […]
by Glenn CHAPMAN / with Rob Lever in Washington and Robin Millard in London Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook chief Mark Zuckerberg vowed Wednesday to “step up” to fix problems at the social media giant, as it fights a snowballing scandal over the hijacking of personal data from millions of its users. “We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve […]
SAN FRANCISCO, United States (AFP) — Mark Zuckerberg offered fresh self-criticism Monday, acknowledging making numerous mistakes in building the world’s biggest social network as Facebook marked its 14th birthday. “Over the years, I’ve made almost every mistake you can imagine,” the Facebook co-founder said on his personal page. “I’ve made dozens of technical errors and bad deals. I’ve trusted the wrong people and I’ve put talented people in the wrong roles. I’ve missed important trends […]
