Business Oct 22, 2018
Japanese government orders Facebook to improve data protection
This is the first time the government’s Personal Information Protection Commission has issued this kind of warning to the U.S. social media giant.
Business / Tech Oct 13, 2018
Facebook says 'view as' data breach affected 29 million users; Japan launches probe
Cyberattackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported. The ...
Business Oct 3, 2018
Facebook says hackers did not use stolen logins on third-party sites
Facebook Inc. said on Tuesday that investigators have determined that hackers did not access other sites that use the social networking site's single sign-on in a massive cyberattack that the company disclosed last week. "We analyzed third-party access during the time of the attack we ...
Business Sep 26, 2018
Google, Facebook and Twitter agree to code of conduct to fight fake news in EU
Alphabet Inc.'s Google, Facebook Inc., Twitter Inc. and other tech and advertising companies have committed to implementing new measures and investing in new technologies to fight the spread of hoax news online in Europe, according to a draft of the agreement. The group, an ad-hoc ...
Business / Corporate Sep 25, 2018
Instagram founders depart Facebook after clashes with Zuckerberg
The founders of Instagram are leaving Facebook Inc. after growing tensions with CEO Mark Zuckerberg over the direction of the product, sources said. Kevin Systrom and Mike Krieger, who have been at the company since Instagram's acquisition by Facebook in 2012, were frustrated with an ...
Business Sep 25, 2018
The U.S. Justice Department said on Monday it will hold a "listening session" with officials from more than a dozen states on Tuesday to discuss consumer protection and the technology industry, an agency official said. The meeting, first announced on Sept. 5, was called by ...
Business / Tech Sep 22, 2018
White House order would crack down on Google and Facebook's business practices
The White House has drafted an executive order for President Donald Trump's signature that would instruct federal antitrust and law enforcement agencies to open investigations into the business practices of Alphabet Inc.'s Google, Facebook Inc. and other social media companies. The order is in its ...
Business Sep 20, 2018
Facebook is failing to comply with EU consumer rules, but Airbnb is now in line
Facebook may face sanctions because it has yet to comply with EU consumer rules, but Airbnb has made the necessary changes in response to regulatory demands, EU sources said on Wednesday. Online platforms are under pressure in Europe because of their dominance and anti-competitive business ...
Business Sep 13, 2018
Online firms may face EU fine if extremist posts stay up over an hour
The European Union's chief executive on Wednesday proposed hefty fines on Google, Facebook, Twitter and other online platforms if they fail to remove extremist content within one hour. Brussels gave internet firms three months in March to show they were acting faster to take down ...
Business Sep 6, 2018
The U.S. Department of Justice and state attorneys general will meet this month to discuss concerns that social media platforms are "intentionally stifling the free exchange of ideas," the department said on Wednesday. Its statement did not name Facebook Inc. and Twitter Inc., whose executives ...
Business Sep 6, 2018
Facebook, Twitter on defense in U.S. Congress over foreign bids to tilt polls, politics
Top executives from Facebook Inc. and Twitter Inc. defended their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics. Facebook Chief Operating Officer Sheryl Sandberg, who testified alongside Twitter Chief Executive ...
Business Sep 5, 2018
Facebook, Twitter again face U.S. Congress over politics and the internet
Top Twitter Inc. and Facebook Inc. executives will defend their companies before U.S. lawmakers on Wednesday, with Facebook insisting it takes election interference seriously and Twitter denying its operations are influenced by politics. Facebook Chief Operating Officer Sheryl Sandberg will acknowledge to the Senate Intelligence ...