Facebook Doesn't Believe Recent Scandals Will Hurt Its Business
Facebook Doesn't Believe Recent Scandals Will Hurt Its Business
Investors were impressed with Mark Zuckerberg's performance before the committee
15 April, 2018, 02:14
Facebook chief Mark Zuckerberg apologized to USA lawmakers Tuesday for the leak of personal data on tens of millions of users as he faced a day of reckoning before a Congress mulling regulation of the global social media giant.In his first-ever U.S. congressional appearance, the Facebookfounder and chief executive sought to quell the storm over privacy and security lapses at the social network that have angered lawmakers and Facebook's two billion users.
Eighty-seven percent of adults use Facebook or one of its products like photo-sharing app Instagram or chat app WhatsApp.
"Every time that someone chooses to share something on Facebook. there is a control". John Kennedy, R-La., toldZuckerberg in hour four of the hearing.
Investors were impressed with his initial performance.
It's been a big week for Facebook. They were down 0.7 per cent in early trading yesterday.
Even as it issues full-page apologies in print newspapers promising ritualistically "to do better", Facebook and its allies have minimized the importance of the seismic revelation that the political consulting firm Cambridge Analytica, which worked on behalf of the Trump campaign in 2016, had gained access to the private information of about 50 million Facebook users. The hearings were meant to inform lawmakers of Facebook's approach to data handling and privacy in the wake of recent revelations that political consulting firm Cambridge Anlaytica improperly obtained data on up to 87 million Facebook users from the academic, Aleksandr Kogan.
Could this be setting Facebook up for an antitrust battle? Sen.
The latest estimate of affected users is up to 87 million. In yet another announcement on 9 April, the social media network said it was tweaking what it calls "data practices" as well as information that third-party apps on Facebook can access.
Facebook could start with all the misleading nonsense that circulates on its social network about Facebook, and go from there.
Technology journalist for The Guardian Alex Hern, who covers Facebook extensively, wrote on Twitter: "It is unthinkable to me that Zuckerberg is not familiar with the concept of "shadow profiles", and the absence of a straight denial that they exist is probably the strongest evidence that yes, Facebook continues to maintain shadow profiles".
Zuckerberg deflected requests to support specific legislation.
Behind the regular Facebookprofile you've built for yourself, the company has another one essentially built from the inboxes and smartphones of other Facebook users who have shared their contacts. "Why should we trust you?" asked Democratic Representative Mike Doyle.
Zuckerberg batted away often-aggressive questioning from lawmakers who accused him of failing to protect the personal information of millions of Americans.
The country's privacy commission has given Facebook 15 days from receiving the letter to provide more documentation on how it collects data from Filipino users.
"We are thrilled", said Mary Ross, president of Californians for Consumer Privacy. "How is today's apology different?"
The controversy has brought a flood of bad publicity and sent the company's stock value plunging, but Zuckerberg seemed to achieve a measure of success in countering that.
Zuckerberg clearly admitted to mistakes and took responsibility.
A resolution needs nine votes in favor and no vetoes by Russia, China, France, Britain or the United States to pass. Ambassador Olof Skoog told reporters on Wednesday, referring to US plans for military action.
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Liverpool have drawn Roma in their Champions League semi-final, while Real Madrid will face Bayern Munich in the other bracket. Liverpool boss Jürgen Klopp has rubbished suggestions his side have been given an easy semi-final tie against Roma .
Trump has denied several of Comey's claims. "The Fake News is beside themselves that McCabe was caught, called out and fired ". Mr McCabe's memos include details of interactions with the president, among other topics, the source said.
Bell finally announced his retirement in July 2007 but even after that, on occasions, served as a guest host through 2010. Nye County Sheriff Sharon Wehrly announced the death of the "longtime resident" in a brief video statement.
Cardi had referenced the song during an interview a year ago , when she said: "When I heard the track, her verse wasn't finished". A teaser for a more high-budget video for "Barbie Tingz" has also been shared on YouTube.
President Donald Trump hailed the airstrikes on Saturday, and thanked US allies France and Britain for joining in the campaign. The strike on Syria's Shayrat air field only impeded the regime's capabilities for a few hours.
Parallax Volatility Advisers L P invested in 0% or 12,978 shares. 1 analysts call it Underweight, while 1 think it is Overweight. Stifel Nicolaus has "Buy" rating and $100.0 target. (NYSE:AMP) has "Neutral" rating given on Friday, October 7 by Credit Suisse.
I don't think many would have predicted the campaign Salah is having, and his heroics for Liverpool has Kane singing his praises. City need 12 points from their remaining six games to set a new record for Premier League points.
Villarreal are sixth on 48 points, Sevilla are seventh on 47, with Betis fifth on 52 after winning 1-0 at Girona on Friday. Marcelino García Toral's charges now occupy third spot in LaLiga, one point ahead of Real Madrid .
A global chemical warfare watchdog group says its fact-finding mission to Syria will go ahead even after the USA -led airstrikes. Russian Federation should take airstrikes on Syria as a warning over its use of chemical weapons, Theresa May has said.
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