Facebook must also pay SEC $100 million over misuse of user data

The $5 billion FTC fine isn't the only fine Facebook must pay.

FTC announces $5B fine against Facebook for repeated privacy violations

Settlement between FTC and Facebook ends 16-month probe that began Cambridge Analytica, Russia, and Trump.

Zuck's personal head of security resigns after allegations of homophobia, transphobia, "pervasive discriminatory conduct," and "horrific levels of sexual harassment and battery"

Ex-Secret Service officer Liam Booth was the head of security for Mark Zuckerberg's "family office" and charitable foundation; two former employees accused Booth of homophobia, transphobia, "pervasive discriminatory conduct," and "horrific levels of sexual harassment and battery," saying that he had made racist remarks about Zuckerberg's wife, Priscilla Chan; that he had told a staffer that he "didn't trust Black people" and that he believed that "white lives matter more than Black lives" and had personally sabotaged Chan's attempt to hire more diverse staff; that he'd complained about the number of Black people working for the family charity; and that he'd "angrily advocat[ed] against diversity in the workplace and the movement Black Lives Matters, which he called 'reverse racism.'" Read the rest

Zuckerberg claims lack of U.S. action on 2016 Russian election interference inspired Iran and others

Looks like Facebook has decided that going on the offensive is better when it comes to government regulation. Read the rest

Facebook execs are worried that Zuck's emails show he never took his FTC privacy obligations seriously

In 2012, Facebook settled an FTC privacy investigation by promising a host of privacy protections (that they never delivered on); now, the FTC is probing Facebook's noncompliance and they've demanded that the company let them look at Zuck's email, which prompted the company's legal team to have a look therein, and they really didn't like what they saw. Read the rest

Art pranksters upload Mark Zuckerberg deepfake to Instagram to test Facebook's non-removal policy

We knew it was a matter of time before someone tested Facebook's claim they won't remove so-called 'deepfakes,' aka convincingly real faked videos like that recently viral clip of Democratic House Speaker Nancy Pelosi, edited to appear 'drunk'. Read the rest

Facebook sends Nick Clegg to rebut co-founder Chris Hughes' call for breakup

No surprises here. Facebook does not support the co-founder Chris Hughes' proposal to split the world’s largest social media company into three parts. Read the rest

Facebook bans Alex Jones, Milo Yiannopoulos, Laura Loomer, Louis Farrakhan, as 'dangerous'

Gosh, it only took 'em 4 whole years

Facebook expects up to $5 billion FTC fine over privacy

$5 billion is about one month's revenue for Facebook.

Zuck turned American classrooms into nonconsensual laboratories for his pet educational theories, and now they're rebelling

Summit Learning is a nonprofit, high-tech "customized learning" group funded by Mark Zuckerberg and Priscilla Chan's family charity; under the program, students are equipped with high-surveillance Chromebooks and work on their own "at their own pace" and call on teachers to act as "mentors" when they get stuck. Read the rest

An insider's view of Facebook's 15 months in hell: my take

Following up on Xeni's post from earlier today: For their 12,000-word, beautifully reported story on how Facebook's top executives coped with 15 months of mounting crises, Wired's Nicholas Thompson and Fred Vogelstein spoke with 65 current and former insider sources, producing a gripping account of how the people who built the worst thing to ever happen to the web coped when the world woke up one day and figured this all out. Read the rest

Facebook says it never sells your data but these internal documents show exactly how much they value your data in dollars

Mark Zuckerberg leveraged Facebook user data—maybe yours?—to crush rivals and aid allies, leaked documents show.

Facebook's '15 months of Fresh Hell' detailed deliciously by WIRED

'Scandals. Backstabbing. Resignations. Record profits. Time Bombs. In early 2018, Mark Zuckerberg set out to fix Facebook.'

Welp. That didn't work.

The May issue cover story of WIRED Magazine is a 12,000-word rip-snorting takedown of Facebook. Read the rest

Investors controlling $3B in Facebook stock demand Zuckerberg's ouster, and they will lose

A consortium of Facebook investors led by Trillium Asset Management and controlling $3B in shares has put a proposal before the shareholders to fire Mark Zuckerberg for his mishandling of a string of ghastly scandals; they will lose, however, because Facebook's share structure gives Zuckerberg's personal shares more votes than other shareholders, ensuring that the company can run as a cult of personality beholden to his whims, rather than one disciplined by shareholder choices (this corporate structure is also in place at News Corp, Google, and other companies whose founders are able to raise funds in the capital markets without having to be beholden to their shareholders). Another shareholder proposal would put Zuckerberg's shares on even footing with other shares -- currently, each of Zuck's shares have ten times more votes than ordinary shares -- and this proposal will also fail. (via /.) Read the rest

Facebook says white nationalist and white separatist content now officially banned from platform

In a statement announcing the official ban, Facebook says the ideologies are "inherently hateful."

There is a federal criminal investigation into Facebook's data-sharing deals

The Eastern District of New York empaneled a Grand Jury into the dirty data dealings of Facebook.

Facebook Chief Product Officer Chris Cox & WhatsApp VP Chris Daniels are leaving

Facebook executive shakeup comes one week after company announced "privacy-focused" brand makeover.

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