WSJ: Facebook reaches $5 billion FTC settlement

The inevitable has happened for Facebook. After weeks of reports that the company was working to settle with the Federal Trade Commission (FTC) over its privacy practices, the two parties have finally come to an agreement. The Wall Street Journal rep...

Facebook has taken down over 2 billion fake accounts in 2019

Facebook took down 2.19 billion fake accounts during the first quarter of 2019, the company has announced. In addition to that, Facebook said it disabled 1.2 billion fake accounts in Q4 2018. These numbers are quite staggering when you consider that...

Facebook’s ‘privacy-focused’ plan is another diversion

When Mark Zuckerberg took the stage at F8 2019, he once again outlined the company's new "privacy-focused" vision. It's a message he's been spreading over the past few months, and it will focus on six key principles: encryption, interoperability, eph...

Facebook only cares about privacy because it has to

When your reputation is as shattered as Facebook's, all you can do is try to change course. And amid an ongoing crisis caused by its continuous disregard for protecting users' data, co-founder and CEO Mark Zuckerberg wrote a 3,000-word manifesto on h...

UK parliament calls Facebook leaders ‘digital gangsters’

Facebook and its execs have been labeled "digital gangsters" in a UK parliamentary report that calls for the company to be regulated. The 180-page document -- which lays out the findings of the Digital, Culture, Media and Sport committee's 18-month i...

Facebook at 15: The long road to social media dominance

Facebook's come a long way since it launched 15 years ago today, on February 4th, 2004. Known as TheFacebook.com when it was created by Mark Zuckerberg and friends from Harvard, the service has gone from a "directory of information for college studen...

Facebook’s scandals aren’t stopping it from making tons of money

We're all well aware that Facebook had a dreadful 2018, and 2019 isn't looking any better, what with the company being plagued by scandals surrounding data privacy and the spread of toxic content on its site. But despite those controversies, Facebook...

Didn’t think Facebook could get any worse? Think again.

Just about 24 hours ago, we published a story recapping Facebook's terrible 2018. But the year isn't over, and it looks like the drama is going to continue until the bitter end. According to an investigation by The New York Times that cites interview...

Facebook’s internal documents show its ruthlessness

As expected, the UK Parliament has released a set of internal Facebook emails that were seized as part of its investigation into the company's data-privacy practices. The 250-page document, which includes conversations between Facebook CEO Mark Zucke...