Mark Zuckerberg News

U.S. Announces $5 Billion Fine Against Facebook, Other Privacy Settlement Terms

Facebook Inc. will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday. The FTC voted …

Facebook CEO Zuckerberg Says He Backs Regulation of Internet Content, Privacy

Facebook Inc. Chief Executive Officer Mark Zuckerberg called for new global regulations governing the internet, recommending overarching rules on hateful and violent content, election integrity, privacy and data portability. In a statement that was also published as an op-ed in …

Facebook Broke Data Privacy Rules, so Self-Regulation Must End: UK Lawmakers

Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens’ rights, British lawmakers said on Monday. In a damning report that singled out …

Emails Released in U.K. Probe Show How Facebook Wielded Users’ Data

Facebook Inc. wielded user data like a bargaining chip, providing access when that sharing might encourage people to spend more time on the social network — and imposing strict limits on partners in cases where it saw a potential competitive …

What Comes Next in Facebook’s Major Data Breach

For users, Facebook’s revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, …

First Facebook Investor Suit Filed Over Plunge in Shares

Facebook Inc. and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth. …

Terrorist Attack Victims Seek to Restart Lawsuit Against Facebook After Zuckerberg Testimony

A lawyer for victims of terrorist attacks in Israel on Monday urged a federal appeals court to revive their lawsuit against Facebook Inc., saying Mark Zuckerberg’s congressional testimony undermined the social media company’s argument that it bore no responsibility for …

Cautious Facebook CEO Tells Congress ‘Details Matter’ On Any Privacy Regulation

Facebook Inc. Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge Analytica. But he pushed back on …

Facebook Drone’s ‘Structural Failure’ Under Investigation

A U.S. safety agency is investigating an accident involving a massive experimental drone Facebook Inc. is developing to bring the internet to remote areas of the world. No one was hurt in the incident, which came during the unmanned aircraft’s …

Facebook, CEO Zuckerberg and Paying to Protect Corporate Executives

Facebook Inc. revealed that it spent $4.26 million on security for Mark Zuckerberg last year, its first disclosure of such costs, and the highest among companies in the Standard & Poor’s 500 Index that have filed proxy statements for fiscal …