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.

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 expects up to $5 billion FTC fine over privacy

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

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.

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.

'He has learned nothing,' Zuckerberg considers crowdsourcing news fact-checks for Facebook

Facebook founder and CEO Mark Zuckerberg reveals the company may crowdsource fact-checking as a new model for Facebook’s third-party factchecking partnerships, now that they've botched the deal they had with Snopes.

Earlier this month, we wrote that Snopes ended their 'debunking false stuff' partnership with Facebook.

This is the first time we've read that Mark Zuckerberg has come up with a new plan.

It sucks.

From today's new reporting at the Guardian:

In the first of a series of public conversations, Zuckerberg praised the efforts of factcheckers who partnered with Facebook following the 2016 presidential election as a bulwark against the flood of misinformation and fake news that was overtaking the site’s News Feed.

“The issue here is there aren’t enough of them,” he said. “There just aren’t a lot of factcheckers.”

He continued: “I think that the real thing that we want to try to get to over time is more of a crowdsourced model where people, it’s not that people are trusting some sort, some basic set of experts who are accredited but are in some kind of lofty institution somewhere else. It’s like do you trust? Like if you get enough data points from within the community of people reasonably looking at something and assessing it over time, then the question is: can you compound that together into something that is a strong enough signal that we can then use that?”

Here's the bullshit-free response from Snopes' Brooke Binkowski, same Guardian story:

Brooke Binkowski, the former managing editor of Snopes, a factchecking site that previously partnered with Facebook, said Zuckerberg’s comments signaled that he “has learned nothing at all”.

Read the rest

Facebook and FTC negotiating multi-BILLION dollar fine over privacy violations

Facebook is expected to be slapped with the largest fine the FCC has ever imposed on a tech company, but the exact dollar amount is yet to be determined.

Most Facebook users don't know their interests are tracked for ad targeting, Pew study finds

Most Facebook users have no idea how the company tracks and profiles everything they do to target ads, a new Pew Research study confirms. Read the rest

Mark Zuckerberg: Facebook's horrible year was pretty good, actually

In a year-in-review post, Facebook's Mark Zuckerberg said on Friday he is “proud of the progress we've made.”

Yes, he really is that deluded. Read the rest

Facebook hired GOP oppo firm to smear protesters by linking them to George Soros, an anti-Semitic trope: NYT

We are watching Facebook unravel in real time. I hope. Read the rest

A Bad Lip Reading of Mark Zuckerberg testifying to Congress

It makes me very happy that the "Bad Lip Reading" folks took Zuck's recent testimony footage and made this gem of a video. Read the rest

Zuck to Congress: "I'll get back to you" (42 times)

Mark Zuckerberg snuck an amazing Easter Egg into his Congressional testimony, feigning ignorance of the most basic questions about his own company a whopping 42 times, in tribute to Douglas Adams and his classic work of comedic science fiction, "The Hitchhikers' Guide to the Galaxy." Read the rest

Peak Zuck: "What's a shadow profile?"

Shadow Profiles is the industry term for the dossiers that Facebook compiles on billions of people, including people who don't have Facebook accounts, merging data from Facebook Like buttons and tracking pixels, outside data brokers, and data entered by Facebook users about their friends, including harvested address-books, tagged photos, and other personal information that can pertain to Facebook users and non-users alike. Read the rest

Mark Zuckerberg eats toast

The audio work makes it funny; the original, narrated by Morgan Freeman, is just uncomfortable, even as it smooths over the fact you're watching Zuckerberg eat plain toast right out of the toaster while nodding mechanically. Read the rest

Facebook 'Made Mistakes,' says Mark Zuckerberg in first words on Cambridge Analytica crisis

Facebook founder Mark Zuckerberg broke his silence on the Cambridge Analytica scandal. He admitted the social media company made mistakes, and pledged “to protect your data.” Read the rest

British Parliament summons Zuckerberg to explain "catastrophic failure" and "misleading" statements

Seemingly in hiding these last few days, Mark Zuckerberg's plans are anyone's guess. But a committee chairman in the UK's House of Commons would like a word. He doesn't have to go, obviously, but just for reference, Rupert Murdoch did. [via]

British MPs have issued a formal request to Mark Zuckerberg to appear in front of a parliamentary committee and explain Facebook’s handling of the Cambridge Analytica data use scandal. The Conservative MP said the committee had “repeatedly asked Facebook about how companies acquire and hold on to user data from their site”, with a particular emphasis on whether data had ever been taken without users’ consent. “Your officials’ answers have consistently understated this risk and have been misleading to the Committee”, he added.

To Zuckerberg, you were and are and always will be dumb fucks. Read the rest

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