A collection of internal emails released by the UK parliament revealed that Facebook staff considered selling user data to major advertisers. The documents show that Facebook used data for strategic advantage from 2012 to 2015 to favor partners and punish rivals. CEO Mark Zuckerberg discussed using data to ‘increase the value’ of the network.
The president of George Soros’s philanthropy called for oversight of Facebook by U.S. lawmakers after the social media company confirmed it hired a controversial public relations outfit to research the billionaire financier. Facebook’s departing policy and communications chief, Elliot Schrage, this week took responsibility for the hiring of Definers Public Affairs, a consulting firm and opposition-research firm that Facebook tasked with scrutinizing detractors.
Facebook announced on Tuesday it discovered a political influence campaign likely built to disrupt 2018 midterm elections. Facebook removed 32 pages and fake accounts that engaged in activity surrounding divisive social issues. Some tools used were similar to those used by the Kremlin-linked Internet Research Agency, but the campaign was not definitively connected to Russia.
British authorities announced on Tuesday that Facebook was found to have broken British law by failing to safeguard user data and not properly informing users of Cambridge Analytica’s purposes. The company faces a $660,000 fine from the UK’s Information Commissioner’s Office. The fine is the first punitive action against Facebook since Cambridge Analytica reports surfaced.
Facebook announced on Tuesday they shared private access to some user data with Huawei, a Chinese company flagged by US intelligence officials as a national security threat. Facebook also shared information with dozens of phone and tablet makers over the years including Apple and Samsung. The news increases concerns about how Facebook handles users’ privacy.
Facebook announced that it will discontinue its ‘trending’ section which launched in 2014 amid the controversial issue of ‘fake news.’ Facebook is exploring new ways to help people stay informed while ensuring they see news from ‘trustworthy and quality sources.’ New features which give prominence to local news sources and live coverage are being explored.
Mark Zuckerberg faced difficult questions from EU political leaders in a hearing on Tuesday for Facebook’s recent privacy mishaps. European lawmakers suggested a split from Facebook and complained that Zuckerberg repeated his previous statements, evading specific questions. Zuckerberg began the meeting by apologizing to the European Parliament for Facebook’s role in the spreading of misinformation.
Facebook revealed on Tuesday they have removed large amounts of content from the site including posts and approximately 200 apps, along with closing more than 583 million fake accounts in the first three months of 2018. The company says most content removed was spam but was also comprised of hate speech and terrorist propaganda.
Despite experiencing a major crisis and investigation into its privacy policies, Facebook’s net profit has reached an all-time high of $4.9 billion. The company’s first quarter saw a 63% increase in profit and 49% increase in revenue resulting from mobile advertising growth. CEO Mark Zuckerberg said the company is ‘off to a strong start in 2018.’