Facebook frustrates advertisers as boycott over hate speech kicks off
Advertisements for more than 400 brands, including Coca-Cola and Starbucks, are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site. U.S. civil rights groups have enlisted the multinationals to help pressure the social media giant into taking concrete steps to block hate speech …
Facebook boss to apologise to European Parliament over data scandal
Facebook chief Mark Zuckerberg will say sorry to the European Parliament on Tuesday, pledging that the social media giant has learned hard lessons from a massive breach of users’ personal data. Zuckerberg’s comments, released in advance of the hearing in Brussels, are the latest part of a tour of contrition over the Cambridge Analytica scandal …
#ZuckerBowl Without A Clear Winner As Facebook Hearings End
Facebook founder Mark Zuckerberg emerged largely unscathed Wednesday from two days of high-stakes hearings that saw US lawmakers grill the billionaire over how the online giant feeds users’ data to advertisers and chide him over privacy rights. The marathon 10 hours of questioning was one of the biggest spectacles in Congress in recent memory, followed …
Zuckerberg ‘reputation and image are badly damaged’
Mark Zuckerberg rose to wealth and fame with a mission of connecting everyone through Facebook, but now faces the wrath of users outraged he isn’t doing more to defend their data. “If Facebook was a typical company, and Zuckerberg was the founder, he would probably be gone,” said tech industry analyst Rob Enderle of Enderle …
Facebook shares fall, Zuckerberg loses $5b
Facebook shares plunged Monday as the social media giant faced an onslaught of criticism at home and abroad over revelations that a firm working for Donald Trump’s presidential campaign harvested and misused data on 50 million members. On Wall Street, Facebook shares skidded 6.8 percent amid concerns about pressure for new regulations that could hurt …
EU aims to tax internet giants at ‘two to six percent
The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said Sunday. “The range will be from two to six percent; but closer to two …
