Facebook CEO Mark Zuckerberg testifies before the House Energy and Commerce Committee. As per the filing, around $7.3 million was spent in providing security to the billionaire's home and during his travel while the company incurred a cost of $1.5 million for Zuckerberg's use of private jets for official trips. The hearing of Zuckerberg's testimony exemplified that the proposed ideas from Congress on how to regulate Facebook were not efficient options for the company.
Mark Zuckerberg's second-in-command runs Facebook's operations and oversees its advertising business, placing her in a almost unrivaled role of responsibility when as many as 87 million Facebook users had their data siphoned by Cambridge Analytica, a British firm with ties to Donald Trump's 2016 presidential campaign. The incident wiped off billions from Zuckerberg's wealth while Facebook's stock prices slumped in a week.
Zuckerberg also skirted some of the most important questions rocking the digital world like: How much data does Facebook collect from users without consent?
He said Zuckerberg considers Facebook a technology company, but Kennedy said it also has elements of a media and entertainment company.
Last month, Facebook announced a redesign of the entire settings menu on mobile devices from top to bottom to bring in controls that are easier to find and use.
"As the chief law enforcement officers of our respective states, we place a priority on protecting user privacy, which has been repeatedly placed at risk because of businesses' failure to properly ensure those protections", the group wrote.
That is disturbing, given that we have been examining this component of Facebook's non-user information gathering for as far back as five years, as far back as the practice was exposed by researchers at Packet Storm Security. Zuckerberg said everyone who uses Facebook consents to what they agree to share, and has complete control of it.
Digital Marketing Consultant Ian Walcott said he saw no reason for firms in Barbados and the region who use Facebook to generate a lot of their business to panic, in light of the ongoing so-called Cambridge Analytica scandal. Inside Facebook, Sandberg runs point, marshaling company resources and assembling SWAT teams to make good on promises Zuckerberg made to Congress and Facebook users.
She pointed out that the leak of Facebook user data to Cambridge Analytica was not connected to Facebook's advertising business.
Elsewhere, a prominent Democratic digital ad consultant notes that Facebook hasn't reached out directly to communicate any of the changes it's making - whether by phone, email or Facebook - despite the fact he spent more than $1 million on Facebook ads previous year. FB, the $480 billion, 4th largest corporate giant in the world, generates $40 billion in advertising a year by trading data about the personal lives and preferences it has harvested from account holders.
Facebook is under fire for a privacy breach affecting more than 87 million users, and regulations affecting all users could be on the way.
Walcott told Barbados TODAY the current development was a significant one to which companies here that rely heavily on the social media network for much of their visibility should pay close attention.
I was in pursuit recently of a more tangible form of happiness - a new desk for my home office.
And Facebook seems to have finally admitted it.
Rodgers said other sites like Twitter and LinkedIn don't use "that sort of deep, personal data", while they focus more on what's happening on their platforms with keyword searches and hashtags.
It's unclear how long Google will be able to stay out of Facebook's data-privacy shadow.