Although Facebook may have tamped down on hoax news in the US, bigger problems remain, driven by the viral nature of shocking content.
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On the same day the world’s largest company issues its biggest disappointment in years, US President Donald Trump, does an about-face on China.
Facebook CEO Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories”, not the company’s famous news feed. Investors are buying into the vision for now.
It wasn’t a dream or an exaggeration by cautious Facebook executives. The company’s financial results are weakening, just as executives warned they would a few months ago.
Investors hoping for a reprieve from the worst month for technology stocks in a decade were greeted with more selling on Monday.
Apple CEO Tim Cook on Wednesday touted the importance of privacy and legislation to protect it, as the iPhone maker seeks to distance itself from Silicon Valley competitors under scrutiny for recent user data breaches.
Facebook is losing another long-tenured founder from an acquired company: Brendan Iribe, who was the CEO of Oculus VR when Facebook bought it in 2014.
Facebook’s major hack, announced two weeks ago, affected 30 million people, not 50 million as originally feared. But for about half of those whose accounts were broken into, the hackers accessed intimate information.
More than a decade into the era of prevalent social networks and smartphones, people still have no way to make informed choices about how to safely conduct their lives online.
Google found a “software glitch” in its Google+ social network in March that could have exposed the personal data of as many as half a million users, but decided not to tell the public until Monday.