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Mark Zuckerberg – “It Was My Mistake, I’m Sorry.”

10Apr By Sheldan RungasamyNo Comments

News

Mark Zuckerberg – “It Was My Mistake, I’m Sorry.”

Ahead of his hearing in front of Capitol Hill today, Facebook CEO, Mark Zuckerberg once again issued an apology for failing to protect the data of tens of millions of Facebook users and laid emphasis on the new policies put into effect since the scandal was came to light by media outlets. Zuckerberg also conceded that the multiple tools that Facebook used on its social platform was misused for unfair practices. It was my mistake, and I’m sorry, Zuckerberg said ahead of his appearance before the Senate Judiciary and Commerce committees today. He is also scheduled to appear before the House Committee on Energy and Commerce on Wednesday. I started Facebook, I run it, and I’m responsible for what happens here, the CEO added. Zuckerberg is now set to appear at Capitol Hill after the C...

Facebook Admits Cambridge Analytica Accessed Data of 87 Million Users

5Apr By Lavina TolaniNo Comments

News

Facebook Admits Cambridge Analytica Accessed Data of 87 Million Users

British data firm Cambridge Analytica may have accessed personal information of about 87 million users, according to Facebook Inc.This has come as a first official confirmation regarding possible data leak scope which was earlier predicted to be 50 million. Mike Schroepfer, Chief Technology Officer at Facebook in his blog post published on Wednesday, stated Given the scale and sophistication of the situation we have observed, we predict most users of Facebook could have had their personal data scrapped in this manner. The update has come right a week before "Mark" is expected to bespeak before Congress on whether Cambridge Analytica "inappropriately" used data when users downloaded personality apps earlier in 2014. Post the data breach controversy, Facebook has ...

#FacebookDataLeak: Zuckerberg, US Senate & Farhan Akhtar Controversy

27Mar By NitishNo Comments

News

#FacebookDataLeak: Zuckerberg, US Senate & Farhan Akhtar Controversy

Amid the Facebook-Analytica data leak controversy, the US Federal Trade Commission has confirmed that Facebook is under investigation into its privacy practices, amidst allegations that its connection with British company Cambridge Analytica resulted in misuse of personal data of some 50 million users. In a related development, attorney generals of as many as 37 states yesterday sent a letter to Facebook CEO Mark Zuckerberg calling for answers to reports that millions of Facebook users personal data were provided to third parties without their knowledge or informed consent. In the letter, the attorney generals demand to know about the Facebook role in the manipulation of users data by Cambridge Analytica without those users knowledge as well as Facebook's policies and procedures for ...

Data Breach Scandal Cost Zuckerberg over $10 Bn in a Week

24Mar By Sheldan RungasamyNo Comments

News

Data Breach Scandal Cost Zuckerberg over $10 Bn in a Week

The data breach concerning social media giant Facebook and the data-mining firm Cambridge Analytica is impacting Mark Zuckerberg’s wealth. Indeed, Facebook’s founder and CEO lost more than $10 billion in wealth this week only as the shares of his company free fell by almost 14% in five days on the market share. The loss meant that Zuckerberg’s net worth is now down to $65.1 billion and consequently, his fifth position in Forbes billionaires list is now down to seven but the financial hit could have been much worse since he had sold 7.3 million of Facebook shares since September 2017, according to Securities and Exchange Commission filings. The filings also report that Zuckerberg still owns more than 8.2 million Facebook shares after the most recent shares sale occurred this month. ...

10 Best Tweets About Facebook Data Leak Scandal

22Mar By Sheldan RungasamyNo Comments

News

10 Best Tweets About Facebook Data Leak Scandal

Facebook has been under hot water these past few days after an investigation has been initiated against the social media website amidst reports that the world's most popular social website's user data was used to influence the 2016 US Presidential Elections result. The news shocked the world and many individuals started a twitter campaign under the hashtag #DeleteFacebook on the micro-blogging platform voicing out their opinions about the scandal. Facebook did issue an apology but it failed to convince most users. Here at Pixr8 News, we have compiled the 10 best Tweets found on the popular website. 1 This is indeed very disturbing... This Mark Zuckerberg's attitude towards your privacy. Didn't expect this ?#DeleteFacebookpic.twitter.com/3CRCyiw3jH — Ketul Madhvan...

Facebook Made a Mistake: Mark Zuckerberg

22Mar By NitishNo Comments

Entrepreneurs Talk

Facebook Made a Mistake: Mark Zuckerberg

Facebook CEO Mark Zuckerberg admitted that his company made mistakes on user data protection and vowed to take steps to prevent the misuse or breach of personal data of users by developers or business partners. The major data breach that was happened yesterday, our reports revealed that 50 million people manipulate in Donald Trumps 2016 presidential campaign by a UK based political research company called Cambridge Analytica. 33 years old Mark Zuckerberg posted a lengthy Facebook post, broke his silence over the alleged privacy scandal that hit the social media giant. "I started Facebook, and at the end of the day, I'm responsible for what happens on our platform. I'm serious about doing what it takes to protect our community, Facebook has a "responsibility" to protect its user's da...

UK Summons Mark Zuckerberg Over 50 Million Profiles Data Leak

21Mar By Sheldan RungasamyNo Comments

News

UK Summons Mark Zuckerberg Over 50 Million Profiles Data Leak

Mark Zuckerberg, Facebook’s CEO has been summoned before a UK parliamentary committee due to a growing discontent over data leakages related to the social media network. The chair of the House of Commons Digital, Culture, Media and Sport Committee (DCMS), Damian Collins sent the letter addressed to the American billionaire. The DCMS is in charge of leading the investigation over the matter of fake news. “It is now time to hear from a senior Facebook executive with the sufficient authority to give an accurate account of this catastrophic failure of process,” the letter mentions. "Given your commitment at the start of the new year to fixing Facebook, I hope that this representative will be you," it adds. The letter was sent shortly after UKs Information Commissioner Elizabeth Den...

Zuckerberg Sells $500 Million of Facebook Shares in February

5Mar By Sheldan RungasamyNo Comments

USA

Zuckerberg Sells $500 Million of Facebook Shares in February

Fully committed to his philanthropy work for the Chan Zuckerberg Initiative (CZI), Mark Zuckerberg sold about $500 million worth of Facebook stock in the shortest month of the calendar, according to SEC filings. This rather odd move however does not come as a surprise as Zuckerberg made his intentions public in September 2017. Mark Zuckerberg’s stock exit comes with a plan. Indeed, he wishes to transfer his Facebook fortune to his philanthropy work for the Chan Zuckerberg Initiative. Two security filings revealed that Zuckerberg sold 685,000 shares worth 125.4 million in the last few days of February. This takes his total sales of the month to about 2.7 million shares worth $482.2 million. These sales are the next step in a process Mark laid out in September to fund the Chan Zucke...

Facebook to combine AR, VR and News Feed with 3D Posts

22Feb By Sabhyata AgarwalNo Comments

Tech

Facebook to combine AR, VR and News Feed with 3D Posts

Facebook users should gear up for some stimulating news. The Facebook Inc.’s Andrew Bosworth, head of virtual and augmented reality products and hardware, announced that the social media company will make its "biggest AR/VR news" to date at the upcoming Facebook Developer (F8) Conference in May. Under 70 days to go until our biggest F8 to date -- where we'll share the biggest AR/VR news from Facebook to date. https://t.co/hHXeEIdJaW — Emotional Support Boz (@boztank) February 21, 2018 Facebook has been consistent in coming up with new features such as 360 photos, Live videos and GIFs which have helped them in keeping the users mainly the youth interested, and now it is polishing its standard to a new level. Last year, in October Facebook debuted with posts of 3D M...

Funding Facebook : From Harvard Dorm Room to $500 Bn Company

19Feb By RishabhNo Comments

Story

Funding Facebook : From Harvard Dorm Room to $500 Bn Company

What started in a dorm room of Harvard University has totally changed the outlook of people all across the world on how they socialize. We are talking about none other than Facebook or "TheFacebook" as it was called back then! Facebook was founded by Mark Zuckerberg and his college roommate and fellow Harvard University student Eduardo Saverin. Initially the website's membership was kept limited only to Harvard University students, which soon was expanded to other colleges in Bosto, the Ivy League and gradually to all universities of the US and Canada. By September 2006, it was open for everyone all across the world with a valid email address, aged 13+. The idea of 'Facebook' Zuck got the idea of Facebook from his previous website- FaceMash, which he launched while he wa...

Facebook Reveals Data On Copyright And Trademark Complaints

19Dec By reutersNo Comments

ANALYSIS

Facebook Reveals Data On Copyright And Trademark Complaints

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...

Facebook Rolls Out Messenger App For Kids Under 13

5Dec By reutersNo Comments

News

Facebook Rolls Out Messenger App For Kids Under 13

Facebook Inc on Monday rolled out Messenger Kids, an app that lets the world’s biggest social media company expand into a so-far untapped market of kids under 13 while also giving parents complete control over what their children see. Facebook normally requires users to be at least 13 years old. The new app gives it a chance to win brand loyalty from younger children at a time when it faces competition for teenagers from other social media platforms such as Snapchat. There already are a handful of other apps that children can use with parental consent, and kids can communicate with each other using texting on cellpones. Facebook said research showed young children were already using technology on a regular basis - but on apps built for teens and adults, raising concern among paren...