The probe comes midst George Soros labeling Facebook as a “menace to society”. The probe is aimed at finding out whether Soros shorted the company’s stock. Following a name calling by billion investor George Soros that Facebook is a “menace to society” Sheryl Sandberg, the social media’s Chief Operating Officer has requested a probe into…
Federal authorities have issued a statement saying, “Americans should be aware that foreign actors, and Russia in particular, continue to try to influence public sentiment and voter perceptions through actions intended to sow discord”. Hours before U.S. voters went to polls, Facebook Inc has blocked 115 user accounts following a tip off by U.S. authorities…
Britain intends to updates its tax laws in line with unitary taxation so as to make tech giants pay their dues and plug tax loopholes. In a significant development, Britain’s finance mister Philip Hammond stated, Britain will unilaterally implement a digital service tax if there is no wider international agreement soon on how to tax…
The development adds to the growing number of high profile executives, and co-founders leaving Facebook’s businesses. In a development that adds to the growing list of executives leaving Facebook, Instagram has notified that Kevin Systrom and Mike Krieger, its co-founders, have resigned as the company’s chief executive officer and chief technical officer. Facebook has provided…
The expansion comes midst increased demand for cloud and mobile computing and e-commerce from countries across Asia. On Thursday, Facebook disclosed it would sink in more than $1 billion in its first data center in Asia which will be located in Singapore. It is slated to open in 2022. Facebook’s data center will be located…
Through this app, users can browse through products and buy them directly. The Verge has reported citing two sources familiar with the matter at hand as saying, Facebook Inc-owned Instagram is working to create a new standalone shopping app through which users can browse through goods and buy them directly. It is not clear when…
The likelihood of the class-action lawsuit will depend on the findings of the Australian Information Commissioner which is probing Facebook’s improper handling of 311,000 Australian users’ data. On Tuesday, IMF Bentham Ltd, a litigation funding provider, disclosed it was funding a representative who has complained against Facebook Inc’s alleged breaches of Australia’s Privacy Principles. IMF…
The investigating appears to focus on Cambridge Analytica’s financial dealings. As per a New Yorks Times report, the FBI and the U.S. Justice Department are investigating Cambridge Analytica, the now-defunct political data firm that was embroiled in a massive scandal over its handling of Facebook Inc user data. Prosecutors are wanting to question former Cambridge…
Facebook’s CEO, Mark Zuckerberg statement that the data breach does not have “any meaningful impact” should be seen within the context of the scores of investigation this scandal has kicked off including by the U.S. Federal Trade Commission, investigations into the incident and its impact by 37 U.S. state attorneys general as well as by…
The misuse of Facebook data by consultancy firm Cambridge Analytica affected more than 50 million users. With Facebook Inc’s data being misused by consultancy firm Cambridge Analytica, affecting more than 50 million users, executives from IBM and Apple Inc have called for more oversight on how personal data is being used. Speaking at the 3-day…
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