Mark Zuckerberg reportedly sold off $3.5 billion in stock following the Cambridge Analytica data-mining scandal that first surfaced on March 17. It is unlikely that the SEC will investigate, as many influential pension accounts are invested in Facebook in some capacity. [...]
(ZHE) — Update 2: Well, that escalated quickly: Facebook is now down over 20% from its closing highs, losing over $130 billion in market value and erasing all of post-Q1 earnings gains, making Mark Zuckerberg $16 billion poorer, and officially entering a bear market. Nasdaq is trading down 1.5%… This has erased all of 2018’s gains… […]
(ZHE) — Responding to a report in the New York Times which revealed Facebook gave at least 60 major device manufacturers unprecedented access to user data, Democratic Congressman David Cicilline (RI) tweeted on Sunday: “Sure looks like Zuckerberg lied to Congress about whether users have “complete control” over who sees our data on Facebook,” adding “This needs to be investigated […]
At least one member of Congress regarded new information about Facebook’s data-sharing partnerships with tech companies as evidence that the company’s CEO, Mark Zuckerberg, lied to lawmakers in April about the control users have over their information on the social media platform.
(ANTIMEDIA) — In the midst of its biggest executive shakeup in company history and only a few months removed from one of the biggest data and privacy scandals of the decade, Facebook announced earlier this week what many have anticipated for years: The social media and tech giant will enter the blockchain arena. David Marcus, previously the head of Facebook’s […]
Progressive and independent journalists are raising grave concerns this week about Facebook’s plan to fashion itself as an arbiter of what news outlets should be deemed “trustworthy”—arguing that the social media giant’s new proposal will punish non-corporate news sources and journalists offering left-leaning news analysis that it finds to be “polarizing.”
Richard Kim, executive editor of The Nation magazine, was among those reacting critically to the social media giant’s announcement on Monday:
“Fake news is bad, Zuckerberg acting as the world’s ultimate gatekeeper is bad, users deciding which news orgs are ‘trustworthy’ is bad, Facebook is bad.” (CD) — Progressive and independent journalists are raising grave concerns this week about Facebook’s plan to fashion itself as an arbiter of what news outlets should be deemed “trustworthy”—arguing that the social media […]
If you watched the Senate Commerce Committee and Senate Judiciary Committee "grilling" Mark Zuckerberg a few weeks ago... well it wasn't as bad as when Alaska SenatorTed Stevens explaining net neutrality and the internet in terms of a series of tubes and big trucks just over a decade ago. But almost. They're old.
