Facebook Inc faced criticism on Wednesday from Republican and Democratic U.S. lawmakers who demanded that the social media company be more forthcoming about data it has shared with four Chinese firms.
About one in three employees at Google, Facebook and Apple is a woman. That’s an imbalance that tech sector executives Sheryl Sandberg and Tim Cook say they want to change. Yet even if their companies set a target of just over half their new recruits being women, a Breakingviews calculator shows that closing the gender gap will take up to 15 years.
Because AI systems get smarter as they analyze more data, when you get ahead by a month, you’re ahead by a year, and when you get ahead by a year, you’re ahead by a decade. China is quickly getting ahead by a year or more, which means it might not be catchable. While the West contemplates adding to the regulatory burden of tech companies, China has cleared the way for the likes of Tencent and Alibaba BABA, to innovate.
Facebook launched an official research program in 2009, giving the academic community tightly controlled access to a ballooning set of granular data about social interactions and activity. It quickly became a “holy grail” for social scientists, who have been drawing on it to publish important new findings almost daily. The question now is whether this kind of scientific research will end up being curtailed in the continuing backlash against data-sharing of any sort.
Facebook remains the center of attention over concerns about data privacy and sharing. How are schools reckoning with how they use the social media platform and what data is shared?
According to data security firm Radware, hackers are using the malware to harvest user credentials, payment methods and other information stored on Facebook accounts across the world. The malware masquerades as a painting application called Relieve Stress Paint and had infected more than 40,000 Facebook user accounts in a matter of days, the firm said Wednesday.
Day two of the Facebook CEO’s grilling in Washington, DC, was more aggressive than the first. It gave us a glimpse into what Facebook has done in the past, where it currently stands, and where it is heading next. Here are some of the key points to emerge from his testimony.
What the first day of the Zuckerberg hearings made clear is that many American lawmakers are illiterate when it comes to 21st century technology. As a result, the issue that was supposed to be the focus of the hearing -- "social media privacy and the use and abuse of data," as Sen. Chuck Grassley put it -- was but one among many. And at the moment when the country needed a smart conversation about privacy, what it got was meandering questions and misfires.
Facebook now says the data firm Cambridge Analytica gained unauthorized access to up to 87 million users' data, mainly in the United States. This figure is far higher than the 50 million users that were previously reported. Facebook's chief technology officer Mike Schroepfer shared this figure at the end of a lengthy--and somewhat unrelated--blog post Wednesday that laid out a slew of changes Facebook is making to restrict access to user data.
The company’s core business that powers around $4 billion in monthly revenue is monetizing everything you do on Facebook to serve its advertisers. However, users may not know that the powerful social network already has an opinion about your political leanings -- and it’s fairly easy to find out what Mark Zuckerberg’s company thinks of your political preferences.