WITHIN HOURS OF its splashy Libra announcement last month, Facebook’s cryptocurrency plans had become a political cudgel. Drawing on Facebook’s privacy missteps and a gathering storm over antitrust, lawmakers swiftly demanded the company halt work on Libra while it addressed how it would avoid past mistakes. Those calls didn’t pose an immediate threat. Now, though, the project is getting attention from those who could potentially cool or delay Facebook’s ambitions: global regulators. Continue reading THE FED CHAIR SAYS FACEBOOK’S LIBRA RAISES ‘SERIOUS CONCERNS’
The Department of Housing and Urban Development (HUD) on Thursday charged Facebook with discrimination under the Fair Housing Act. HUD says it believes the company was “encouraging, enabling, and causing housing discrimination through the company’s advertising platform.” Continue reading HUD Charges Facebook With Enabling Housing Discrimination
According to the New York Times, Mark Zuckerberg intends on integrating Facebook’s three messaging services, WhatsApp, Instagram and Messenger, by the end of 2019 or the beginning of 2020. Continue reading Mark Zuckerberg Is Reportedly Merging WhatsApp, Instagram and Facebook Messenger
An estimated 50 million user profiles were affected by a security breach, Facebook confirmed in a blog post today. The breach allowed attackers to take over the accounts of affected users. Continue reading 50 Million Facebook Accounts Affected in Massive Security Breach
This week, The New York Times reported that tech companies met with US government officials to discuss security and possible foreign influence around the 2018 midterm elections. Representatives from Amazon, Google, Twitter, Oath, Microsoft, Snap and Apple met at Facebook’s headquarters in California. Christopher Krebs, an under secretary for the Department of Homeland Security, and an unnamed representative from the FBI’s foreign influence task force were present at the meeting.
THE embattled data firm that worked on President Trump’s 2016 presidential campaign, has told employees it is shutting down, along with its UK counterpart SCL Elections. The move, which impacts all offices of both companies worldwide, comes amid recent revelations that the company harvested the data of up to 87 million Facebook users without their consent, according to multiple sources close to the company. Continue reading CAMBRIDGE ANALYTICA SHUTS DOWN ALL OFFICES AMID ONGOING FACEBOOK CRISIS
The Guardian reports today that Cambridge University researcher Aleksandr Kogan’s relationship with Facebook wasn’t limited to his now infamous “thisisyourdigitallife” app. He had actually also received an additional sizable chunk of data from Facebook that he used for a research paper published in 2015. This dataset, however, differs quite a bit from that collected through Kogan’s personality app. While large in volume, this other set was anonymized and aggregated with no personally identifiable information included. As the 2015 research paper states, the data included “every friendship made on Facebook in 2011 in every country in the world at the national aggregate level,” which summed up to over 57 billion friendships.