Facebook staff lamented ‘unethical’ practices but were rebuffed

Facebook Inc. employees repeatedly chafed at what they viewed as anti-competitive or unethical practices by the company, internal chats show. But their concerns, voiced in 2012 and 2013, were overruled by senior managers including Chief Executive Officer Mark Zuckerberg, who argued that the survival of the social network was more important. The messages come from a roughly 7,000-page trove of leaked documents that were part of a years-old lawsuit in the Bay Area’s San Mateo County. The interactions are likely to be scrutinized further as Facebook faces ongoing antitrust investigations.…

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California announces probe of Facebook privacy practices

The social network is under fire in the US state for giving third parties data access and not disclosing its practices. The attorney general of California – the most populous state in the United States – says he has been investigating Facebook privacy practices since 2018. California Attorney General Xavier Becerra offered few details about the probe and said he was disclosing it only because his office was making a public court filing to force Facebook to answer subpoenas, to which he said Facebook had thus far failed to respond…

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Facebook unveils News Tab, plans to pay selected publishers

Social media giant launches a news section and announces plans to pay some media organisations for headlines. Facebook announced plans to pay a selection of media organisations for news headlines as the social media giant unveiled the “News Tab”. The new section in the Facebook mobile app will display headlines – and nothing else – from the Wall Street Journal, the Washington Post, BuzzFeed News, Business Insider, NBC, USA Today, and the Los Angeles Times, among others. Local stories from several of the largest US cities will also make the grade;…

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Fewer likes: Facebook’s crypto board gets off to rocky start

Despite prominent exits, 21 founding members have backed Facebook’s new governing body for its digital currency. Despite a last-minute defector, Facebook Inc’s new association to oversee its global cryptocurrency, Libra, is forging ahead with a five-member board and the support of 21 remaining backers. At an inaugural meeting in Geneva on Monday, members agreed on interim articles of association laying out how the organisation will be governed, as required by Swiss law, according to a fact sheet provided by the Libra Association. Libra, part of Facebook’s expansion into e-commerce, will be backed…

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Facebook suffers legal blow in EU court over hate speech

The decision will be seen as a win for EU regulators, who want US tech giants to meet tightened standards over content. Facebook on Wednesday was dealt a major blow in the European Union‘s top court, which ruled that national courts in Europe can order online platforms to remove defamatory content worldwide. In a closely watched judgment, the European Court of Justice said EU law “does not preclude” courts from ordering “the removal of information or to block access worldwide,” a statement said. The decision will be seen as a…

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Major payment firms hesitate to back Facebook’s Libra

Visa and Mastercard are reportedly concerned with the regulatory scrutiny into Facebook’s digital currency. Four payments companies that have joined Facebook Inc. as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project, according to people familiar with the matter. Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Stripe Inc. are undecided about formally signing onto Libra’s organizing charter because they’re concerned about maintaining positive relationships with regulators who have reservations about the project, the people said. Executives at the payments companies…

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Amazon, Facebook and Google to face another US inquiry

The inquiry will focus on small businesses that allege they have been treated unfairly by the tech giants. Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc. to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October or early November, would be the latest front in the government’s probe of…

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Facebook faces US lawsuit after judge calls its argument ‘wrong’

A California judge has rejected Facebook’s arguments that users suffered no ‘tangible’ harm from major privacy breach. A United States federal judge ordered Facebook Inc to face most of a nationwide lawsuit seeking damages for letting third parties such as Cambridge Analytica access users’ private data, calling the social media company’s views on privacy “so wrong”. While dismissing some claims, US District Judge Vince Chhabria in San Francisco said on Monday users could try to hold Facebook liable under various federal and state laws for letting app developers and business…

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Friends and/or lovers? Facebook launches dating service in US

The social network offers users potential romantic relationships, but privacy advocates fear company could mine data. Facebook Inc has launched its dating service in the United States, the social network said, sending its shares up two percent. Facebook Dating, a matchmaking application the company already offers in Brazil, Canada and 17 other countries, arrived in the US on Thursday. But after years of privacy missteps by the social media giant, will people trust it with their love lives? Profiles on Facebook Dating are separate from main Facebook profiles, but they…

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Facebook admits it listened to user’s audio messages

The company have since said it has stopped doing this as privacy organizations raised concerns over the practice. Facebook has admitted it uses an external company to listen to audio messages sent between users in an attempt to improve its voice recognition systems. According to a report by Bloomberg, Facebook paid contractors to transcribe audio messages sent between users. Those contractors did not know who the audio was from and how Facebook obtained it. In response to the report, Facebook said users who had their audio transcribed confirmed this option…

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Meet Morgan Beller, the 26-year-old woman behind Facebook’s plan to make its own currency

Facebook Vice President David Marcus is the face of the company’s Libra digital currency, but the original driving force was a 26-year-old female corporate-development employee, Morgan Beller. Source: Meet Morgan Beller, the 26-year-old woman behind Facebook’s plan to make its own currency

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Facebook: No digital currency until regulator concerns addressed

Amid its privacy scandals, the company is drawing new criticism over its plans for a new cryptocurrency. Facebook Inc. won’t launch Libra, the controversial cryptocurrency it’s planning to build with dozens of partner firms, until regulators’ concerns are fully addressed, according to the company’s top executive on the project. David Marcus, who will appear before members of both houses of U.S. Congress to discuss the project this week, said Facebook will also get “appropriate approvals” before launching Libra. The cryptocurrency isn’t intended to compete with countries’ national currencies and won’t…

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Can we trust Facebook’s Libra cryptocurrency?

Social media giant says currency will “empower billions of people” but critics warn it could threaten privacy.   Video of Can we trust Facebook's Libra cryptocurrency? | The Stream Just 15 years ago Mark Zuckerberg launched Facebook from a college dormitory in Massachusetts, beginning a dizzying rise to its current position as the world’s ubiquitous social media network. Now Facebook is on the verge of launching a new digital currency called Libra . Libra is being touted as a global currency that will allow individuals to make instant transactions through approved…

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