Search Results for: Facebook

Facebook to pay $5 billion over the company’s privacy policies

July 29th, 2019 (0)
The Federal Trade Commission approved a record $5 billion settlement Wednesday with Facebook over the company’s privacy policies. Shares of Facebook were down slightly following the announcement, but turned positive in the afternoon, up about 1.1% by the end ...

Dutch billionaire sues Facebook over fake Bitcoin ads

June 10th, 2019 (0)
Dutch billionaire businessman John de Mol filed a lawsuit against Facebook in an Amsterdam court on Wednesday, saying the social media giant had allowed fake ads on its platform using his name and image to perpetrate Bitcoin-related fraud. Lawyers ...

Wrong handling of user data may cost up to $5B for Facebook

April 25th, 2019 (0)
Facebook said Wednesday it expects to shell out between $3 billion and $5 billion to settle the FTC’s ongoing investigation into its handling of user data, foreshadowing a potentially massive penalty from the nation’s top consumer protection agency. The ...

Facebook gives lawmakers 450 pages of answers from April hearings

June 12th, 2018 (0)
Facebook Inc. turned in more than 450 pages of homework to U.S. lawmakers, defending itself against claims that it is a monopoly and sidestepping questions about the effectiveness of an app that can effectively spy on competitors. In documents ...

Facebook and Google accused of violating GDPR on first day of the new European Privacy Law

June 6th, 2018 (0)
When Mark Zuckerberg testified in front of members of the European Parliament, he insisted that Facebook was ready for Friday, the day when the European Unions’s strict new data privacy law went into effect. But users in Europe have ...

Facebook personal data use and privacy settings ruled illegal by German court

February 15th, 2018 (0)
Facebook’s default privacy settings and use of personal data are against German consumer law, according to a judgement handed down by a Berlin regional court. The court found that Facebook collects and uses personal data without providing enough information ...

Facebook has a giant, Europe-sized legal problem

December 28th, 2017 (0)
Europe continues to be a giant pain in Facebook’s app. Germany and France this week both hammered Facebook for its data practices, though in different ways. Germany’s competition regulator declared on Monday that Facebook is using its dominance in ...

Facebook accused of fake audience numbers

September 7th, 2017 (0)
Social-media company tells advertisers it can reach more than 100 million U.S. adults younger than 35, but census only counts 76 million Facebook Inc. claims its ads have the potential to reach more people than recent U.S. census data ...

Facebook face EU regulators fines; why?

May 18th, 2017 (0)
Facebook suffered a setback on Tuesday over how it uses the reams of information it collects about users worldwide, after two European privacy watchdogs said that the social network’s practices broke their countries’ data protection rules. The announcement by ...

Facebook will start paying 18 percent VAT in Russia

April 11th, 2017 (0)
Social media giant Facebook has joined the list of IT firms registered with Russia’s Federal Tax Service as a foreign company selling electronic content in Russia. Beginning April 25, the California-based company will start paying 18 percent value added ...
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