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Showing posts with the label Mark Zuckerberg

Facebook To Introduce "Clear History" Privacy Tool In Coming Months

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As a way to redeem the trust of its users, the social media giants Facebook is doing everything within their power to provide a safer and a more secure community where every member can be free to share their data with ease without any third party user involved. Facebook is developing a feature in response to an outcry about data collection, and privacy on its sites. Earlier last month, the company launched Bulk App Removal Tool to help Clean Up Your Privacy Settings .  As reported yesterday, Facebook Inc. is going to let users see which websites and apps that shared their social network data on. Before taking the stage at Facebook’s F8 conference, CEO Mark Zuckerberg made an announcement ahead of time : the social network is adding a new feature called Clear History. It will be introduced alongside Facebook’s existing options for privacy control. “In your web browser, you have a simple way to clear your cookies and history. The idea is a lot of sites need cookies ...

Facebook Is Taking On Tinder With New Dating Features

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The world’s largest social network is adding dating app features. Do you Trust Facebook with your data? How about with your love life? I guess it’s time you do as that"s what the company is hoping for. Yesterday, during the F8, Facebook’s annual developer conference, Mark Zuckerberg announced a new dating service, simply called "Dating," that will exist right within the social network"s own app. It will allow Facebook users to create separate profiles from their main Facebook accounts to pursue romantic connections. The two profiles won’t interact, meaning your Facebook friends won’t be able to see what your Dating profile says. And it should make dating app incumbents like Tinder and Bumble anxious. The features are a long time coming for the 14-year-old social network, which has allowed users to broadcast whether they’re single or in a relationship since it first went live in February 2004. The move will likely transform Facebook, with its more tha...

Amidst Negative Reports About Facebook, Its Stock Shares Keeps Rising

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Facebook Inc. on Wednesday reported an increase in the number of users and a rise in profit by 63%. The social network recorded a 13% increase in the number of active monthly users which rose to 2.2 billion. It"s been two years since the social network marked such massive achievement. Despite its scandal with Cambridge Analytica and its hearing with the US lawmakers and its sanctions from other countries, it did not affect the business. In fact, the scandal has been a blessing disguise; it apparently boosted Facebook"s popularity. Read more: Facebook’s Quarterly Earnings Are A Bright Spot Amidst A Sea Of Bad Headlines After the devastating disclosure in March that the British consultancy, Cambridge Analytica had harvested the information of about 85 million users to influence the US election, the social network subsequently lost about $50b as the scandal progressed. During this time, the investors called for his resignation, but he couldn"t be unseated because even thoug...

Mark Zuckerberg Ends Drilling With US Lawmakers, Comes Out Unscathed

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Facebook Inc. boss, Mark Zuckerberg ended his drilling session with the US Senate on Wednesday. He walked away unscathed and remarkably became richer. Although this was Mark Zuckerberg"s first congressional drilling, he wowed the investors by successfully deflecting all the questions asked by the over hundred members of the Senate. On several occasions, he responded that he didn"t have the answer to some questions and that he would get back to them when he could. He incessantly told the Senate that users of Facebook had absolute control over their data and did his best to avoid being pressured to support the new regulation that would likely affect other Internet-based firms. " It is inevitable that there will need to be some regulation of internet firms," agreed Mr. Zuckerberg but refused to be cornered to give specifics. It was a similar case on Tuesday, the first day of the hearing. The U.S lawmakers did not reveal any agreement on specifics about what kinds of p...

Zuckerberg Says Russia Is Continually Seeking Superiority Over The US By Exploiting Facebook

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Facebook Inc. CEO, Mark Zuckerberg told the Senate during his hearing that the case with Russia continually seeking means to exploit the social media platform is an "arms race" and this has resulted in the never-ending battle with the social network. The crises with Facebook include the issue with Russian agents using Facebook to influence the US 2016 election. While answering the questions about Cambridge Analytica"s exploitation, he revealed that Robert Mueller, the special counsel investigation Russia"s alleged meddling in the last election interviewed a staff member from Facebook. He maintained that his discussion with Mr. Mueller would remain confidential should he be interrogated. He said: " Our work with the special counsel is confidential and I want to make sure that in an open session, I"m not revealing something that"s confidential."    Two months ago, Mueller"s team had charged thirteen Russians of interference with the US electio...

Facebook Stock Shares Soar After Meeting With U.S Senators

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The Senate hearing on Tuesday ended with a little hope of a course of action, indicating that Facebook is here to stay and that there"s little the privacy advocates can do after all. Mark Zuckerberg, Facebook Inc. Chief Executive masterfully navigated through the first two hearings without conceding defeat. All through the congressional hearings, he refused to make promises that his company will abide by the new regulations or change the business model to suit the privacy advocates. Although he spent ample time apologising for what he admitted was the social network"s mistakes for failing to protect the private information of users from exploitation and for allowing “fake news” to thrive on the platform to influence the 2016 US election, he skilfully managed to handle any attempt to support any congressional regulations. Read more: Mark Zuckerberg’s Senate Hearing Indicates A Little Hope For Action The new congressional regulation affects every internet-based comp...

Mark Zuckerberg’s Senate Hearing Indicates A Little Hope For Action

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Mark Zuckerberg made an appearance before the United States Senate on Tuesday to defend his company on the subject of regulating internet-based companies. He wass confronted with two significant challenges- How Facebook was unaware that users" information of 87 million people was harvested from his social media platform and abused by the political consultancy, Cambridge Analytica , and how Russia used the social network to spread false information during the 2016 U.S presidential elections. The Facebook boss testified before the Senate Commerce and the Judiciary Committees of 44 members of Senate. Senator Bill Nelson, the top Democrat on the Senate Commerce Committee, thinks that the format of the hearing will not give room for a thoughtful debate. " How in the world can you have 44 senators do a hearing that has a lot of substance when each senator only has four minutes? ", he queried. There have been agitations on what the outcome of this hearing would be. Facebook...

Cambridge Analytica: Investor Groups Call For Mark Zuckerberg To Resign As Facebook Chairman

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Does Facebook need a new chairman of the board? Currently the pressure on Mark Zuckerberg the CEO of Social media giants seems pressing.  Just yesterday,  A powerful activist investor group called for Mark Zuckerberg to step down in a statement, citing new admissions of irresponsibility in the CEO’s planned testimony, he wrote to the House Energy and Commerce Committee. The call for Zuckerberg to resign was made after he prepared testimony for Wednesday’s congressional hearing which has been posted online. The seven-page statement starts with an apology from Zuckerberg, who says Facebook failed to take a broad enough view of its responsibilities. “That was a big mistake. It was my mistake, and I’m sorry,” he says. “I started Facebook, I run it, and I’m responsible for what happens here.” Zuckerberg will be testifying before the US House of Representatives Committee on Energy and Commerce on Wednesday after he faces another heari...

The European Privacy Laws And Facebook: Facebook, Still On The Fence Concerning Data Sharing

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Facebook boss, Mark Zuckerberg admitted on Tuesday that he was in total agreement with the European privacy laws but that every time he came close to abiding by the rules, he failed. The tech company is currently under pressure to improve privacy to prevent the scandal which is negatively affected it in the stock market. About 50 million users" data was harvested and was used during the 2016 elections by Cambridge Analytica. Apple CEO, Tim Cook last month accused Facebook of monetising customers. Tim Cook argued that a third party should not have access to customers" private information and neither should they have the ability to know what a user has been browsing for years, their likes and every other detail. He proposed further that Facebook is guilty of privacy invasion. Referencing Apple, he said, " We could make a tonne of money if we monetised our customer if our customer was our product. We"ve elected not to do that; privacy to us is a human right." This...

Facebook CEO Mark Zuckerberg Apologises In US and UK Newspaper Ads

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Mark Zuckerberg has advertised on full-page US and UK newspapers to apologise for the recent data scandal his platform has caused. He admitted doing wrongly, at least. He said that Facebook could have prevented their data from being exploited by the British political consulting firm in 2014. " This was a breach of trust, and I am sorry ," he said in the ads. This means more than one thing. First, it proves Dave Lee wrong. He had earlier argued that " contrition has never been Mr. Zuckerberg"s strong point " because he did not officially apologise to the staff members who had been entangled in the scandal and to the affected users whose data were exploited. Secondly, he could be keeping to the end of his bargain because the social media firm is currently running at a loss. Last week, the firm lost about five million dollars. Elon Musk deleted all his firm"s pages on Facebook, sparing only two- the Boring company and the AI firm which he co-owns. The BBC rep...

Facebook Boss, Mark Zuckerberg Apologises For Data Misuse

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The week has been an intense one for Facebook over data misuse. There have been two other players in the scene-Dr. Aleksandra Kogan, the psychology academic who created the app and Cambridge Analytica, the political consulting company who ran the 2016 elections for Donald Trump. Regardless of each party sharing in the responsibility of users" data, the brouhaha comes down to Facebook whose founder, Mark Zuckerberg has admitted that his social media platform erred and that mistake led to exploitation of data owned by 50 million users by the political consulting firm. The London-based political consulting firm is grossly accused of exploiting users" data in favour of a candidate in the 2016 US election. However, since the data was harvested from Facebook via an app, Mr. Zuckerberg in an interview with CNN apologised for the "breach of trust." In his Facebook post, he promised to correct the mistake by creating more stringent rules to make it difficult for apps to obta...