FTC Nukes Facebook with Record $5B Fine and Zuck Will Laugh It Off

2019-7-13 03:30

The Federal Trade Commission has whacked Facebook with a record $5 billion fine stemming from the 2018 scandal in which a political consulting firm improperly accessed Facebook user data. The fine comes as a result of settlement talks between the two entities.

The consulting firm, Cambridge Analytica, scraped data from 87 million Facebook profiles without […]

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Facebook Stiffs Russia Over Wallet-Busting $46 Fine

Despite having a CEO who is the fifth-richest person in the world, Facebook failed to pay a $46 fine to Russian authorities. The fine originated from Facebook's failure to comply with a 2015 law that requires foreign-based online service providers — such as social media platforms — to store the personal data of their users […] The post Facebook Stiffs Russia Over Wallet-Busting $46 Fine appeared first on CCN.com

2019-9-10 23:04


EU to fine social media platforms that take more than 1 hour to remove extremist content

The European Union is reportedly planning to impose stricter regulations on social media platforms including Facebook, YouTube, and Twitter over the removal of online terrorist propaganda. The Financial Times reported on Sunday that according to new draft regulations to be published next month, the EU plans to impose fines on companies if terrorist content is not deleted within an hour of posting, abandoning its earlier approach of getting internet platforms to remove such content voluntarily.

2018-8-20 07:41


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Academic expert says Google and Facebook’s AI researchers aren’t doing science

The field of artificial intelligence, to those on the outside, must appear to be an orderly gathering of intellectuals collaborating at the cutting edge of technology. It’s not. If you dig beyond the hyperbole of Elon Musk and the wonders promised by Google, there’s a number of gnashing dissenters who’re happy to toss shade at the entire industry.

2018-7-14 02:13