April 26, 2018

Zuckerberg $4.5b richer after grilling

15 April 2018, 03:01 | Winifred Adams

Zuckerberg $4.5b richer after grilling

Zuckerberg $4.5b richer after grilling

Facebook CEO Mark Zuckerberg, after facing 10 hours of hard-hitting questions from the Congress, has finally made a comeback. "It was my mistake, and I'm sorry", Zuckerberg said in his written testimony released by the US Congress. "It was built to accomplish a social mission - to make the world more open and connected", Mark Zuckerberg wrote in Facebook's S-1 filing.

The University's School of Information has been studying the implications of Facebook and the information infrastructure for almost a decade, said information studies professor Andrew Dillon. Shares in Facebook posted their biggest daily gain in almost two years, closing up 4.5 percent on Tuesday.

How many of you photoshop the hell out of your selfies, just in case an "ex" is poking around to see what you look like?

The email, from Facebook public policy manager Neil Potts, acknowledged that the company did not adequately communicate the new guidelines to Diamond and Silk and said that restrictions on their page would be lifted to allow them to apply to monetize their content.

Kogan downplayed the extent of this snooping, and told the New York Times that private messages were only harvested from a small number of people, likely "a couple thousand".

As Luján pointed out, non-members won't have signed a privacy consent form, nor would they know to delete data they weren't even aware was being collected.

Patience with the social network had already worn thin among users, advertisers and investors after the company said last year that Russian Federation used Facebook for years to try to sway USA politics, an allegation Moscow denies.

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"You are the product, and people are making money out of your transactions, your data, your behavior, your preferences", Dillon said.

We have Congressman Ben Luján to thank for a discovery that might come to hang around Zuckerberg as he battles to save his company's image. I scoff, because that's not Facebook's mission.

"It's not enough to just connect people. Otherwise they don't exist".

That's a fairly popular narrative these days in the wake of the very big American online social media and networking company's direct role in the Cambridge Analytica privacy scandal. Facebook itself, and its Messenger app, are meant for people 13 and older.

Lujan: It may surprise you that we've not talked about this a lot today. "It's a tough situation to ask people to withdraw from Facebook, so instead of that people want some kind of action".

Man, now is the time to sell a bridge, the everglades or snake oil on Facebook because business would be great!

Sen. Gary Peters, (D) MI prefaced his question by saying it's a conspiracy he hears all the time, then he asked "For the record just to be clear, because I hear it all the time including from people on my staff; Yes or No, does Facebook use audio obtained from mobile devices to enrich personal information from its users?"

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