Facebook shares fall as data scandal probe widens
Shares of Facebook fell 2 percent on Tuesday, after a report that a federal probe on the data breach linked to Cambridge Analytica had been broadened and would include more government agencies.
Shares of Facebook fell 2 percent on Tuesday, after a report that a federal probe on the data breach linked to Cambridge Analytica had been broadened and would include more government agencies.
Facebook has faced fresh criticism from US lawmakers who have demanded that the social media company be more forthcoming about data it has shared with four Chinese firms.
U.S. Senate Commerce Committee demands that Facebook’s CEO respond to a report that user data was shared with at least 60 device manufacturers.
Apple has issued its twice-yearly transparency report on government data requests, showing another sharp increase in US national security-related requests.
The Trump administration will not stand in the way of the development of artificial intelligence in the United States, a top official said on Thursday, while acknowledging that the burgeoning technology will displace some jobs.
A special tax on the world’s biggest technology companies is looking likely with the government’s proposal reportedly winning the support of crossbenchers senators.
Google Australia's managing director Jason Pellegrino has emphasised the importance of consumer trust in the company, saying that without it "our business doesn't exist".
Facebook has so far suspended around 200 applications in the first stage of its review into apps that had access to large quantities of user data.
Cambridge Analytica, the firm embroiled in a controversy over its handling of Facebook user data, and its British parent SCL Elections Ltd, are shutting down immediately after suffering a sharp drop in business, the company has announced.
Facebook has reported first quarter revenue of $11.96 billion, up 49 per cent from last year despite the fallout from a scandal that saw data from 87 million of its users shared with Cambridge Analytica.
Facebook’s privacy practices were cleared by PwC in an assessment completed when Cambridge Analytica gained access to the personal data of millions of users.
Australia has an opportunity to lead the world in data privacy
Facebook’s controversial revenge porn prevention pilot has still not launched close to six months after it was announced.
Microsoft, Facebook and more than 30 other global technology companies announce joint pledge not to assist any government in offensive cyber attacks.
French government building its own encrypted messenger service to ease fears that foreign entities could spy on private conversations between officials.