Tag: Facebook

Cambridge Analytica Fined $19,000 for Ignoring Data Request

A British court fined a sister company of consulting firm Cambridge Analytica GBP 15,000 ($19,000) on Wednesday for failing to disclose fully what information it held on an individual who had asked to know, the data regulator said. The Information Commissioner’s Officer (ICO) said it was the first prosecution of the now defunct Cambridge Analytica, a company […]

Mark Zuckerberg Halts Stock Sales as Facebook Shares Tumble

Mark Zuckerberg’s multibillion-dollar stock sale ground to a halt in the final months of 2018. The Facebook co-founder didn’t sell a single share in the fourth quarter, when the social media company’s stock tumbled 20 percent amid a broader market rout. It’s the first quarter in more than two years he’s refrained from doing so, according to […]

Facebook Says Not Moderating Content Based on ‘Inaccurate’ Information

Facebook has dismissed media reports claiming that thousands of its content moderators rely on inaccurate and disorganised information to determine what content to allow or remove from its platform. Reacting to a report in The New York Times that accused Facebook of being “ad hoc”, “disorganised”, “secretive”, and doing things “on the cheap”, the social media network on Saturday […]

Zuckerberg Sees ‘Progress’ for Facebook After Tumultuous Year

Facebook chief Mark Zuckerberg said Friday the world’s biggest social network has “fundamentally” changed to focus on securing its systems against manipulation and misinformation. Capping a tumultuous year marked by data protection scandals and government probes, Zuckerbergsaid he was “proud of the progress we’ve made” in addressing Facebook’s problems. “For 2018, my personal challenge has been […]

Facebook’s Leaked Content Moderation Documents Reveal Serious Problems

Facebook’s thousands of content moderators worldwide rely on a bunch of unorganised PowerPoint presentations and Excel spreadsheets to decide what content to allow on the social network, revealed a report. These guidelines, which are used to monitor billions of posts every day, are apparently filled with numerous gaps, biases, and outright errors. The unnamed Facebook […]

MeitY Issues Draft IT Rules for Social Media, Messaging Platforms Up for Public Consultation

Amid concerns over Central government’s powers to snoop into computers, the Electronics and IT Ministry has come out with draft IT rules focused on social media platforms. “The instances of misuse of social media by criminals and anti-national elements have brought new challenges to the ‘Law Enforcement Agencies’ (LEA),” the ministry said in a statement. “These […]

Facebook Kicks Myanmar Military-Linked Pages Off Platform

Facebook has removed hundreds of pages and accounts in Myanmar with hidden links to the military, the platform said Wednesday, as the company scrambles to respond to criticism over failures to control hate speech and misinformation. The social media giant – Myanmar’s most popular and influential site – has been lambasted for years for its […]