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Facebook faces fresh controversy after media reports that it paid teens to install an app that harvested their most private data.
The Dow surged above 25,000 in a broad rally Wednesday before big momentum stocks Facebook, Tesla and Microsoft reported their results.
Facebook is now testing a new label called ‘things in common’, which, as the name suggests, will show you what you share with random people on the social platform.
Social media giant Facebook has announced its three-pronged strategy to combat fake news. The strategy to counter fake news involves removing accounts and content that violate its policies.
Facebook produced another stellar earnings report in the first quarter on Wednesday, despite facing its biggest challenge ever from a major data breach scandal.
Facebook Chief Executive Mark Zuckerberg emerged from 10 hours of questions over two days from nearly 100 U.S. lawmakers largely unscathed.
Facebook CEO Mark Zuckerberg's House testimony saw lawmakers make a harder push on doing more to protect and give consumers more control of personal data.
Testifying before US senators in the wake of Facebook's data breach scandal and foreign interference in election, Zuckerberg has told them that his company will do everything to ensure fair elections.
Facebook chief Mark Zuckerberg says he accepts responsibility for the social network's failure to protect private data and prevent manipulation of the platform.
It was also reported that Facebook was making changes to protect the user's personal information.
Facebook makes it difficult for users to delete their accounts, instead of pushing them towards “deactivation” of their account, which eventually leaves all personal data on the company’s servers.
The recent concerns over Cambridge Analytica gaining access to private information of scores of Facebook users have lead to many individuals choosing to delete their accounts on Facebook.
Zuckerberg broke his silence on Wednesday, acknowledging his company made mistakes in handling data belonging to 50 million of its users and promising tougher step.
The move comes in an effort to prevent people from advertising “financial products and services frequently associated with misleading or deceptive promotional practices.”
The apology comes after an investigation found that moderators failed to make the right decision almost half the time when deeply offensive posts were reported.