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Many image conscious investment firms are selling or rethinking their Facebook Inc. shares as they grow discontent with the firm’s way of strengthening personal data protection and online safety after several scandals surfaced about the improper management of user’s information by Facebook. Backing out from the world’s largest social media network is surely the strongest response from investors to apprehensions about Facebook’s treatment of user data. Cambridge Analytica, the now shut down political data firm whose service was used by Donald Trump during the 2016 US election for ad targeting, were found guilty of harvesting data for 87 million Facebook users and is currently under probe in United States and Europe. Facebook shares also fell in the first quarter of the year when me...

Facebook Inc announced Monday that it removed nearly 3 million posts, including videos, ads and other forms of content, from its services during the first half of 2017 following complaints of counterfeiting and copyright and trademark infringement. The worldwide data on intellectual property-related takedowns is a new disclosure for Facebook as part of its biannual “Transparency Report,” Chris Sonderby, a deputy general counsel at the firm, said in a blog post. “We believe that sharing information about (intellectual property) reports we receive from rights holders is an important step toward being more open and clear about how we protect the people and businesses that use our services,” Sonderby wrote. The ninth Facebook transparency report also showed that government requests for i...

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Investors Willing to Sell Their Facebook Shares After Data Scandal

Facebook Reveals Data On Copyright And Trademark Complaints