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Facebook

Reports suggest that Facebook is bargaining a multi-billion dollar penalty with the United States Federal Trade Commission (FTC) because of Facebook’s previous privacy policies. On Thursday, a report was published in The Washington Post, which states that the exact amount is yet to be set, however, it will be the biggest fine Federal Trade Commission has ever charged on a tech firm. The report states that if the negotiations don’t

facebook

In yet another blunder, social media giant Facebook has announced that an API bug allowed app developers to access private photos of around 6.8 million users. Facebook said that the bug remained active for 12 days, between September 13 and September 25. To make matters even worse, up to 1,500 apps built by 876 developers had access to images that users never authorized or uploaded but not posted. The bug

Facebook

Once again, controversial social media giant Facebook has become a point of accusation. According to documents released on Wednesday by aBritish lawmaker, Facebook offers companies such as Netflix and Airbnb, accessto data on users’ list of friends that it cut off for most apps in 2015. It also said that Facebook dodged questions regarding market dominance and privacy practices. The documents included 223 pages of internal communication from 2012 to

Facebook to Team Up with News Agency ASP to Combat Circulation of Fake News

Facebook is set to enter into partnership with Agence France-Presse (AFP), a news agency to expand its third-party fact-checking programme in India. As reported in Financial Express, the new joint venture aims to prevent spread of ‘fake news’ on the controversial social media platform prior to general election in 2019. In April 2018, the company teamed up with BOOM, according to the new report, the move will improve Facebook’s efforts

Zuckerberg

Four leading U.S public funds holding shares in social media giant Facebook Inc co-filed a proposal to remove CEO Mark Zuckerberg as the company’s chairman on Wednesday. In 2017, shareholder Trillium Asset Management filed the proposal for an independent chair but was defeated due to Zuckerberg majority control. Following data privacy scandals associated with Facebook, State treasurers from Rhode Island, Illinois, and Pennsylvania together with the New York City Comptroller