The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc. as early as this week of its investigation into the social media company's handling of user data, two sources briefed on the matter said on Monday. The FTC, ...
Fear of Facebook Inc.'s Libra initiative proved to be common ground for global finance chiefs as they met to discuss more contentious issues, from digital taxation to the economic outlook, on Wednesday. "Libra is on everyone's mind," German Finance Minister Olaf Scholz told reporters at ...
U.S. objections to French tech tax overshadow G-7 finance meet
The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of Seven rich ...
Japanese antimonopoly watchdog drafts guidelines to regulate IT giants
The Fair Trade Commission has drafted guidelines stipulating that it can consider cases where information technology giants obtain personal data without consent as violations of the country's antimonopoly law, it was learned Tuesday. The antimonopoly watchdog will shortly compile a final draft of the guidelines ...
Echo chambers: Fake news fact-checks hobbled by low reach, study shows
Brussels The European Union has called on Facebook and other platforms to invest more in fact-checking, but a new study shows those efforts may rarely reach the communities worst affected by fake news. The analysis, by the big data firm Alto Data Analytics over a three-month ...
U.S. regulators approve $5 billion penalty for Facebook to settle latest privacy issues: source
The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc. this week over its investigation into the social media company's handling of user data, a source familiar with the situation said on Friday. Investors cheered news of the deal and pushed ...
Facebook doesn't know if you're psychotic
Big data is still pretty bad at figuring out your secrets. That's a relief, and a disappointment.
U.S. probes Border Patrol as criticism of detention centers soars
The acting head of the U.S. Department of Homeland Security has ordered an investigation into reports that Border Patrol agents have been posting offensive anti-immigrant comments and threats against lawmakers on a private Facebook group. The move was announced amid mounting criticism of the Trump ...
Data scientist tied to Cambridge Analytica scandal drops Facebook defamation suit
Aleksandr Kogan, the data scientist at the center of Facebook's Cambridge Analytica privacy scandal, said he is dropping a defamation lawsuit against the social network rather than engage in an expensive, drawn-out legal battle. Kogan, 33, sued the social media giant in March, claiming the ...
A Facebook mail processing warehouse was evacuated Monday as Silicon Valley officials work to determine what caused mail to test positive for the nerve agent sarin. Menlo Park Fire Marshal Jon Johnston said Monday that incoming mail undergoing routine processing by machine tested positive for ...
Facebook to ban 2020 U.S. census interference to allay worries
Facebook Inc. will ban content that misrepresents the 2020 U.S. census to suppress participation by minority communities, the latest step by the social media company to quell criticism from civil rights advocates. Facing accusations that it hasn't done enough to curb efforts aimed at discouraging ...
As information technology giants come under increased regulatory pressure, the Japan unit of Facebook Inc. said Monday it has joined the country's most powerful business lobby. Joining Keidanren, also known as the Japan Business Federation, is seen as an attempt by Facebook to build ties ...
