Facebook CEO Mark Zuckerberg oversaw plans to consolidate the social network’s power and control competitors by treating its users’ data as a bargaining chip, while publicly proclaiming to be protecting that data, according to about 4,000 pages of leaked company documents largely spanning 2011 to 2015 and obtained by NBC News.
Momentum is gaining in Washington for a privacy law that could sharply rein in the ability of the largest technology companies to collect and make money off people's personal data. A national law, the first of its kind in the U.S., could allow people to see or prohibit the use of their data. Companies would need permission to release such information.
Cybersecurity researchers on Wednesday said they found hundreds of millions of Facebook user records exposed publicly online. Upguard, a cybersecurity firm, in a report found two third-party Facebook app makers had inadvertently exposed data sets containing troves of Facebook users' personal information on Amazon cloud computing services.
Facebook announced on Thursday that "hundreds of millions" of users' passwords had been stored in unprotected plain text accessible by the company's employees. In a blog post titled "Keeping Passwords Secure," the social media giant said it had found no reason to believe the trove of passwords had been abused by its workers or accessed by anyone outside the company.
Facebook is losing its product chief Chris Cox, a top-ranking executive who spent more than a decade at the company, just a week after CEO Mark Zuckerberg announced a major new direction for the social network. The departure, announced Thursday, follows Zuckerberg’s announcement that Facebook FB, -2.46% will shift its emphasis to private messaging over public sharing. The change reflects Facebook’s changing audience and continued problems with serving as a conduit for misinformation and vitriol.
A bipartisan pair of senators on Tuesday introduced legislation that would prevent tech companies from amassing personal information about teenagers without their consent. The bill, introduced by outspoken tech critics Sen. Ed Markey (D-Mass.) and freshman Sen. Josh Hawley (R-Mo.), would prevent internet companies from targeting ads toward children and require the companies to provide more insight into how they collect and use children's data.
U.S. Sen. Elizabeth Warren’s ambitious plan to regulate Facebook, Google and Amazon as utilities and roll back some of their biggest acquisitions, is a giant stake in the ground for the 2020 presidential campaign -- but is it realistic? Would it really have the desired impact on competition and consumers?
Lina Khan, who wrote a semi-viral Yale Law Journal article about Amazon, is in talks to join the staff of the congressional panel overseeing antitrust issues, according to people familiar with the plans. Rep. David Cicilline chairs the panel. She comes from a school of antitrust thinkers who have called for breaking up Facebook.
Facebook deliberately broke privacy and competition law and should urgently be subject to statutory regulation, according to a devastating parliamentary report denouncing the company and its executives as “digital gangsters”. The final report of the Digital, Culture, Media and Sport select committee’s 18-month investigation into disinformation and fake news accused Facebook of purposefully obstructing its inquiry and failing to tackle attempts by Russia to manipulate elections.
“Surveillance capitalism has taken human experience, specifically private human experience, and unilaterally claimed it as something to be bought and sold in the marketplace,” Dr. Zuboff told me during a visit to The Times’s office. “This new kind of marketplace trades in behavioral futures. It’s like a form of derivative. But it’s about us.”