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Tag: Facebook

Facebook shares slip as scrutiny continues

Facebook shares slip as scrutiny continues

Business
Facebook shares continued to slide on Tuesday, amid ongoing furore concerning the use of data collected by the social network.The firm's stock closed down 2.6%, following a steep decline a day earlier.The concerns infected fellow social media company Twitter, which was down more than 10%.Investors are reacting to calls for tighter regulation of tech firms from politicians in the US, UK and Europe.On Tuesday, US media reported that the Federal Trade Commission, a US regulator, is looking into Facebook's handling of personal data.The questions follow allegations that 50 million Facebook users' private information was misused by a political consultancy firm.Cambridge Analytica (CA), used by the Trump campaign in the 2016 US election, has been accused of taking personal data without users' kn...
How Facebook likes could profile voters for manipulation

How Facebook likes could profile voters for manipulation

Technology
Facebook likes can tell a lot about a person. Maybe even enough to fuel a voter-manipulation effort like the one a Trump-affiliated data-mining firm stands accused of — and which Facebook may have enabled. The social network is now under fire after The New York Times and The Guardian newspaper reported that former Trump campaign consultant Cambridge Analytica used data, including user likes, inappropriately obtained from roughly 50 million Facebook users to try to influence elections. Facebook's stock plunged 7 percent Monday in its worst one-day decline since 2014. Officials in the EU and the U.S. sought answers, while Britain's information commissioner said she will seek a warrant to access Cambridge Analytica's servers because the British firm had been "uncooperative" in her investigat
UK probing Facebook after Cambridge Analytica suspension

UK probing Facebook after Cambridge Analytica suspension

Technology
Britain's information commissioner is investigating whether Facebook data was "illegally acquired and used," after the social network suspended Cambridge Analytica, a firm that worked for U.S. President Donald Trump's 2016 campaign. Facebook suspended the company over allegations it retained improperly obtained user data after claiming it had deleted the information. The British probe is part of a broader inquiry into how political parties, data companies and social media platforms use personal information to target voters during political campaigns, including Britain's 2016 Brexit referendum on EU membership. Information Commissioner Elizabeth Denham said Saturday it's important "the public are fully aware of how information is used and shared in modern political campaigns and the potent...
Investigation launched into Facebook data breach

Investigation launched into Facebook data breach

Technology
The Information Commissioner's Office is to investigate a possible data breach affecting more than 50 million Facebook users. It comes as a whistleblower told a newspaper how Cambridge Analytica, a data analytics firm that worked with Donald Trump's election team, used personal information taken without permission in early 2014 to build a system that could profile US voters so they could be targeted with personalised political advertisements.The company is owned by hedge-fund billionaire Robert Mercer and was led at the time by Mr Trump's key adviser Steve Bannon.Christopher Wylie, who worked with an academic at Cambridge University to obtain the data, told The Observer: "We exploited Facebook to harvest millions of people's profiles and built models to exploit what we knew about them and ...
Facebook Messenger used to fight extremism

Facebook Messenger used to fight extremism

Technology
By Catrin Nye and William KremerBBC Victoria Derbyshire programme and World HacksFacebook Messenger has been used to try to deradicalise extremists in a pilot project funded entirely by the company.People posting extreme far-right and Islamist content in the UK were identified and contacted in an attempt to challenge their views.Of the 569 people contacted, 76 had a conversation of five or more messages and eight showed signs it had a positive impact, researchers claim.Privacy campaigners say it means Facebook is straying into surveillance.Technology companies have been urged to do more to stop extremist material littering their sites following a series of cases involving people who were radicalised online. This pilot was led by the counter-extremism organisation Institute for Strategic Di...