FTC approves roughly $5 billion fine for Facebook over privacy violations

FTC approves roughly $5 billion fine for Facebook over privacy violations 1

Fb has earmarked billion for a possible advantageous and mentioned in April it was anticipating having to pay as much as billion. The FTC has voted to approve a advantageous of about $5 billion for Fb over privateness violations, the Wall Avenue Journal reported Friday. The report cited an unnamed particular person accustomed to the […]

Border Chief Was Member Of Facebook Group That Joked About Migrant Deaths: Intercept

Border Chief Was Member Of Facebook Group That Joked About Migrant Deaths: Intercept 2

U.S. Border Patrol Chief Carla Provost early this month criticized feedback by brokers who have been members of a secretive Fb group that derided immigrants and posted sexist memes. Now The Intercept is reporting that Provost was additionally a member of the group. The report on Friday triggered calls by some Democratic lawmakers for Provost’s […]

Critics Say Facebook Penalty Is A Slap On The Wrist As Stock Prices Surge

Critics Say Facebook Penalty Is A Slap On The Wrist As Stock Prices Surge 4

For a lot of knowledge and privateness activists, the $5 billion superb reportedly handed right down to Fb by the Federal Commerce Fee is wildly inadequate.  The FTC voted to approve the superb on Friday, in line with The Wall Road Journal. The penalty comes as a part of a settlement that might additionally require the corporate […]

Democrats Contend FTC ‘Failed Miserably’ in Punishing Facebook with $5 Billion Fine

Democrats Contend FTC 'Failed Miserably' in Punishing Facebook with $5 Billion Fine 6

Goodbye, cashPhotograph: Justin Sullivan (Getty) The Federal Commerce Fee, which has been investigating Fb within the wake of its huge Cambridge Analytica scandal, has voted to approve levying an enormous $5 billion wonderful in opposition to the social media big, in keeping with reporting in each the Wall Road Journal and the Washington Put up. […]

Facebook reportedly gets a $5 billion slap on the wrist from the FTC – TechCrunch

Facebook reportedly gets a $5 billion slap on the wrist from the FTC – TechCrunch 7

The U.S. Federal Commerce Fee has reportedly agreed to finish its newest probe into Fb‘s privateness issues with a $5 billion payout. In response to The Wall Road Journal, the 3-2, party-line vote by FTC commissioners was carried by the Republican majority and can be moved to the Justice Division’s civil division to be finalized. A […]

Facebook reportedly reaches $5 billion settlement with the Federal Trade Commission

Facebook reportedly reaches $5 billion settlement with the Federal Trade Commission 8

Fb has reportedly reached a settlement with the Federal Commerce Fee over repeated privateness violations, The Wall Avenue Journal stories. In accordance with the Journal, the FTC voted this week to approve a $5 billion settlement, which has now moved to the Justice Division’s civil division for evaluation. It’s unclear how lengthy the evaluation will […]

Facebook Improves ‘Why Am I Seeing This Ad?’ Tool

Facebook Improves 'Why Am I Seeing This Ad?' Tool 9

Photograph: Justin Sullivan (Getty) The following time you see Fb adverts for, say, erectile dysfunction capsules or egg freezing, you may verify to see why you had been focused by these manufacturers and the place the businesses obtained your knowledge. On Thursday, Fb introduced it’s updating its Advert Preferences and “Why am I seeing this ad?” […]

Over 400,000 Facebook users pledge Area 51 raid: ‘lets seem them aliens’

Over 400,000 Facebook users pledge Area 51 raid: 'lets seem them aliens' 10

Over 400,000 individuals have dedicated to a Fb occasion pledging to “Storm Area 51” in September in an effort to “see them aliens.” As of Friday, 416,000 individuals had been listed as “going” to the deliberate raid, which occasion organizers say will happen on September 20 at three a.m. A further 428,000 individuals had been […]

Ministers, MPs targeted by Facebook Messenger impersonation scam

Ministers, MPs targeted by Facebook Messenger impersonation scam 11

With just a few months to go till the federal election, at the least three federal cupboard ministers and a number of different members of Parliament have seen their Fb Messenger accounts mimicked by folks providing to dole out authorities grants. Accounts related to Households, Youngsters and Social Improvement Minister Jean-Yves Duclos, Crown-Indigenous Relations Minister Carolyn Bennett and Rural […]

Trump Blasts Bitcoin, Facebook’s Libra, Demands They Face Banking Regulations

Trump Blasts Bitcoin, Facebook's Libra, Demands They Face Banking Regulations 13

US President Donald Trump on Thursday criticised Bitcoin, Fb’s proposed Libra digital coin and different cryptocurrencies and demanded that corporations search a banking constitution and make themselves topic to US and international rules in the event that they needed to “become a bank.” “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, […]

Tinder CEO says he’s not worried about competition from Facebook

Tinder CEO says he's not worried about competition from Facebook 14

Tinder brand seen displayed on a smartphone. Rafael Henrique | SOPA Photos | LightRocket | Getty Photos Relationship app Tinder’s place as an influential model amongst younger adults may help it face up to competitors from Fb, the agency’s CEO stated Thursday. A couple of decade in the past, when numerous social networks competed for […]

Trump critcizes bitcoin, cryptocurrencies; questions Facebook Libra

Trump critcizes bitcoin, cryptocurrencies; questions Facebook Libra 15

President Donald Trump talks to reporters earlier than boarding Air Pressure One to return to Washington from Morristown Municipal Airport in Morristown, New Jersey, July 7, 2019. Jonathan Ernst | Reuters U.S. President Donald Trump on Thursday mentioned he is “not a fan” of cryptocurrencies, and recommended that Fb may have a banking constitution if […]

AI poker program built by Facebook and CMU beats world’s top players

AI poker program built by Facebook and CMU beats world’s top players 18

AI has definitively overwhelmed people at one other of our favourite video games. A program, designed by researchers from Fb’s AI lab and Carnegie Mellon College, has bested among the world’s high poker gamers in a sequence of video games of six-person no-limit Texas Maintain ‘em poker. Over 12 days and 10,000 fingers, the AI […]

France adopts digital tax on tech giants like Google, Facebook

France adopts digital tax on tech giants like Google, Facebook 21

France has adopted a pioneering tax on web giants like Google, Amazon and Fb regardless of threats from the U.S. Simply forward of the vote Thursday, French financial system minister Bruno Le Maire stated allies wanted to settle variations “without using threats.” The French Senate estimated that the tax may usher in €400 million ($588 million Cdn) […]

Bitcoin price down after Fed Chair Powell’s Facebook Libra comments

Bitcoin price down after Fed Chair Powell's Facebook Libra comments 22

A girl passes in entrance of a Bitcoin change store. Artur Widak | NurPhoto | Getty Photos Bitcoin is sliding after Federal Reserve Chairman Jerome Powell poured chilly water on Fb’s plans to launch a cryptocurrency. The world’s best-known digital coin — which has skilled a meteoric rise in 2019 — fell 12% to about […]

Facebook’s Libra Project Is Getting Hammered From All Sides, With Fed Chair Raising ‘Serious Concerns’

Facebook's Libra Project Is Getting Hammered From All Sides, With Fed Chair Raising 'Serious Concerns' 23

Federal Reserve Chairman Jerome Powell at a Home Monetary Providers committee assembly on July 10, 2019.Photograph: Susan Walsh (AP) Fb’s already-troubled Libra cryptocurrency challenge, which has already run into vital opposition among the many U.S. Home Committee on Monetary Providers and the Senate Banking Committee, is operating headlong into additional resistance from regulators. On Wednesday, […]

US Federal Reserve Chief Jerome Powell Asks Facebook To Halt Its Cryptocurrency Libra Project Until Concerns Addressed

US Federal Reserve Chief Jerome Powell Asks Facebook To Halt Its Cryptocurrency Libra Project Until Concerns Addressed 24

Libra raises many severe considerations concerning privateness, cash laundering: Jerome Powell Washington:  US Federal Reserve Chairman Jerome Powell mentioned on Wednesday that Fb’s plan to construct a digital forex referred to as Libra “cannot go forward” till severe considerations are addressed, feedback that pressured the challenge and dented the value of the unique cryptocurrency bitcoin. […]

Stuff Instagram, Facebook, Twitter, and YouTube Recently Banned

Stuff Instagram, Facebook, Twitter, and YouTube Recently Banned 25

Photograph: AP One of many extra frequent annoyances of our fashionable world is the countless defenses social media platforms make to sidestep their obligations to curb the myriad issues that come up solely as a result of they exist. Once in a while, one in all them will pat themselves on the again for doing […]

Tech industry expressing doubt Facebook will launch Libra by 2020

Tech industry expressing doubt Facebook will launch Libra by 2020 26

Fb unveiled its plans for a cryptocurrency referred to as Libra lower than a month in the past, however already faces obstacles from regulators and lawmakers in Washington D.C. In consequence, some tech executives are expressing doubt that the undertaking will launch by 2020. “I think two years from now we’re going to be like […]