Facebook's stock record at all-time high despite Cambridge Analytica data breaches
Internet | July 07, 2018 16:34 ISTInvestors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League.
Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League.
In a 229-page document addressed to US Congress in the wake of Cambridge Analytica data breach scandal, Facebook revealed that it had investigated building the technology, Fortune reported on Wednesday.
Facebook in a 225-page document admitted that it collects information from and about computers, phones and connected devices which even includes mouse and various other services.
According to the report citing court documents and unnamed sources, Facebook gave data access to some companies while "others were cut off".
The problem, which Facebook said it has fixed, is the latest privacy scandal for the world's largest social media company.
Facebook introduced the Trending feature in 2014 aiming to help people discover news topics that were popular across the community. But for this feature that show a collection of headlines, the social networking giant soon faced allegations of political bias.
The social media giant is facing criticism for its role in enabling political manipulation in several countries around the world.
The chief executive intends to say that Facebook did not do enough to prevent the social network from being used for harm, according to an excerpt from his prepared remarks.
After the Cambridge Analytica data scandal, Facebook has warned investors that more users' data scandals in the future may adversely affect the social networking giant's reputation and brand image.
Twitterati compared Mark Zuckerberg's eyes to marble, after the joint hearing of the members of the US House of Representatives Energy and Commerce Committee at the Capitol Hill.
Twitter was in no mood to spare Facebook CEO Mark Zuckerberg on the second day of US Congress hearing.
Facebook has said that 87 million people's personal data was scooped up when some 270,000 users took a personality quiz and had not just their data, but the data of their friends to be accessed by an outside app.
"Hello" brings people together around their interests to create positive, meaningful, authentic connections and sustained social engagement, the company said in a statement.
Zuckerberg, facing a joint hearing of the Senate Judiciary and Commerce committees, expressed his willingness to ensure protection of integrity of elections across world.
As members of the social media watched his testimony live, it was easy to turn the grim images of Mark Zuckerberg into comic relief.
Zuckerberg also expressed regret that his company was slow in identifying the Russian operations in 2016, which allegedly benefitted Donald Trump.
The BJP has demanded an apology from Congress president Rahul Gandhi for compromising private data of laksh of Indians with UK-based firm Cambridge Analytica to manipulate elections.
During some five hours of Senate questioning, Zuckerberg apologised several times for Facebook failures, disclosed that his company was "working with" special counsel Robert Mueller in the federal probe of Russian election interference and said it was working hard to change its own operations.
Zuckerberg will appear before lawmakers on Tuesday and Wednesday to try to restore public trust in his company and stave off federal regulation that some lawmakers have floated.
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