Facebook Shares Perk Up After Social Network Tweaks Privacy Settings
Facebook Shares Perk Up After Social Network Tweaks Privacy Settings
Facebook chief executive Mark Zuckerberg
30 March, 2018, 00:42
For the unversed, Cambridge Analytica, the political data firm with ties to United States President Donald Trump's 2016 election campaign, is under fire for allegedly gaining access to private information of more than 50 million Facebookusers, and influencing elections by using this stolen data. After surging to a 52-week high of $195 in January, shares have retreated to levels where they traded last July.
Facebook announced today that it's making major changes to its settings menu and how you'll access your privacy settings.
The firm has redesigned its privacy settings on mobile to move all the settings into one page. They are still down nearly 17 per cent since March 16, when Facebook first acknowledged that user data had been improperly channelled via a third-party app to political consultancy Cambridge Analytica, which was hired by Donald Trump's 2016 presidential campaign.
Last week, a U.K. parliamentary media committee summoned CEO Mark Zuckerbergto testify about how Facebook uses data, while U.K. Information Commissioner Elizabeth Denham is investigating how Cambridge Analytica got the data.
"We've heard loud and clear that privacy settings and other important tools are too hard to find", chief privacy officer Erin Egan and deputy general counsel Ashlie Beringer said in a blog post. Additional security options, including "two-factor authentication", have also been implemented.
Digital law experts say Indian regulations offered particularly weak safeguards against data breach.
The worry is that users will leave the platform, which will in turn, make advertisers do the same.
According to Egan, they are making the settings regarding the data uploading, access to main system and browsing, sharing information and using Messenger app on Facebook and Facebook Lite will be made more accessible and easy to find for users.
The Privacy Shortcuts menu is also getting a simplified makeover to make the experience more visual and easier to navigate.
If you're anxious about what personal information Facebook has gathered on you, there's a way to find it and delete it. There you can make your account more secure, review your personal information and control who sees your posts and profile information, they said. Only when their stock has been plummeting in this user-confidence crisis have they chose to expedite the kind of tools that the FTC consent decree should have prompted three election cycles ago.
The release of the new tools comes as Facebook grapples with questions about user privacy and how it handles your personal data.
While the move is meant to prepare for tighter European privacy regulations going into effect in May, Facebook said that recent events "underscore their importance".
The Guardian's revelations come less than two weeks after a woman in Tempe died after being struck by a self-driving Uber. Uber suspended its autonomous vehicle testing program in Arizona, California, Pittsburgh and Toronto after the crash .
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As compared to the fourth generation in terms of styling, Toyota focused on improving visibility for the driver. Toyota alleges the new RAV4 will boast best-in-class fuel economy and improved driving dynamics.
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Live music, face painting, a meet and greet with the Easter bunny, and other activities are similarly complimentary. There will be a regular hunt before it, with groups divided by age, and then an all-ages hunt as the sun goes down.
A mystery illness meant that Watson, 39, lost almost 1½ stone and the big-hitting that underpins his game deserted him. In the championship match, he won the first five holes against Kisner, who didn't make a birdie until the 11th hole.
The smartphone includes 4G VoLTE, Wi-Fi 802.11 B / G / N, Bluetooth V4.2, GPS / A-GPS, FM radio, Micro-USB and 3.5mm audio jack. The Nokia 1 has been priced at Rs. 5,499 and will be available starting from March 28 in Warm Red and Dark Blue color options.
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The latest deal with Grab means Uber is joining Didi and Japan's SoftBank Group Corp .as one of Grab's largest investors. She added that the firm will be talking to more than 500 Uber employees here to see "how they would fit into Grab ".
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Wednesday morning First Alert forecast
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