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Facebook Faces Lawsuit for Data Breach Affecting Nearly 30 Million Users

Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software …

Facebook Plans Global Cryptocurrency, Entry into Financial Services

Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, …

How Much Do Facebook Users Really Care About Privacy?

Facebook Inc. is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter. It has been just over …

EU’s New Copyright Rules Could Hurt Google, Facebook

Google will have to pay publishers for news snippets and Facebook filter out protected content under new copyright rules aimed at ensuring fair compensation for the European Union’s $1 trillion creative industries. EU governments on Monday backed the move launched …

UK Joins Global Backlash Against Tech Firms that Fail to Control Harmful Content

The U.K. joined a growing global backlash against technology companies such as Facebook Inc. and Twitter Inc., proposing fines and bans if social-media platforms fail to curb illegal activity. The government outlined plans for an industry-funded regulator that would police …

Tech Firms Face Fines and Jail for Failure to Remove Violent Content in Australia

Australia will fine social media and web hosting companies up to 10 percent of their annual global turnover and imprison executives for up to three years if violent content is not removed “expeditiously” under a new law. The new law …

Twitter CEO Agrees with Facebook CEO, Supports Regulation of Social Media Platforms

Twitter Inc. Chief Executive Officer Jack Dorsey said rules like Europe’s General Data Protection Regulation have had a positive impact on the technology industry, remarks that come days after Facebook Inc. CEO Mark Zuckerberg called for stepped up government oversight …

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 …

Facing Bias Claims, Facebook Will Revamp Its Platform for Housing, Jobs, Credit Ads

Facebook Inc has agreed to change its paid advertising platform as part of a wide-ranging settlement to prevent discriminatory and “harmful” practices, the company and U.S. civil rights groups said on Tuesday. Under the agreement, Facebook will create a new …

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 …