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Facebook Pulls Plug on Hundreds of Iranian, Russian Accounts

Iran is now 'following Kremlin's playbook' on the disinformation front, one US senator says

(Newser) - Social media platforms have been battening down the hatches against disinformation campaigns, and Facebook just made a new dent. The site announced Tuesday it had yanked 652 pages or groups off Facebook and Instagram showing "coordinated inauthentic behavior" by those seeking to "mislead others about who they were...

Mom's Facebook Claim About Abduction Attempt a Lie: Cops

Chelsie Hendel allegedly posted a live video about a crime that never happened

(Newser) - An Ohio mom's Facebook video about the attempted abduction of her child in a Walmart parking lot was all made up, per local authorities. Chelsie Hendel was arrested Friday after the Marion County Sheriff's Office says the 27-year-old mother recorded a live video about her experience in the...

Facebook Offers Banks Its Users for Their Data

The company says it's 'partnering' with financial giants like Wells Fargo and Citigroup

(Newser) - A report out Monday in the Wall Street Journal claims Facebook has asked some of America's largest financial institutions to share their customers' private financial data. The social giant reportedly wants data as specific as checking account balances and individual transaction information, which would be used as part of...

Apple Just Made Big Move Against Alex Jones

iTunes removes much of Infowars content

(Newser) - Alex Jones now has a lot more to vent about on his controversial Infowars network, but it will be harder for his fans to hear it. Apple removed five of six Infowars podcasts from iTunes, including the popular Alex Jones Show, reports BuzzFeed News . After the Apple decision, Facebook pulled...

Facebook Wants to Help You Break Your Cellphone Addiction

You can now track time spent, set limits, and mute notifications

(Newser) - Facebook and its photo sharing property, Instagram, are rolling out new features designed to help mobile app users spend less time scrolling mindlessly through news feeds. That's right, the folks who draw so many of us in with notifications for every message, like, comment, and more now want us...

Facebook May Have Caught Russians Ahead of Midterms

Bogus pages and accounts were spreading 'divisive' political content

(Newser) - Facebook says it has uncovered "sophisticated" efforts, possibly linked to Russia, to influence US politics on its platforms. The company says it removed 32 accounts from Facebook and Instagram because they were involved in "coordinated" behavior and appeared to be fake. Facebook says it doesn't know who...

Facebook Loses More Than $100B in Value
Facebook Has Worst Day
in Stock Market History
MARKETS
Jul 26, 2018 3:07 PM CDT

Facebook Has Worst Day in Stock Market History

Loses more than $100B in value

(Newser) - A steep drop in Facebook pulled technology stocks lower on Wall Street, even as other sectors climbed, the AP reports. Facebook plummeted 19% Thursday after warning of slower growth ahead, erasing about $119 billion in value. It was the worst single-day loss for any public company in stock market history,...

Your Hot New Political Phrase: &#39;Shadow Banning&#39;
So What Exactly
Is 'Shadow Banning'?
the rundown
Jul 26, 2018 11:05 AM CDT

So What Exactly Is 'Shadow Banning'?

Trump says White House will look into whether Twitter is treating conservatives unfairly

(Newser) - President Trump said Thursday the White House will look into complaints that Twitter is treating conservatives unfairly by limiting their voice on the platform. "Twitter 'SHADOW BANNING' prominent Republicans," he tweeted . "Not good. We will look into this discriminatory and illegal practice at once! Many complaints....

California City Takes a Stand Against Facebook's Free Food

New office can't fully subsidize internal meals

(Newser) - There will be no free ice cream for the 2,000 employees set to fill Facebook's new office in Mountain View, Calif., later this year. Like many other tech companies in Silicon Valley, Facebook fills the bellies of its employees with free food, from oven-baked pizza to hand-rolled sushi....

A Harsh Letter, a $16.8B Loss, and a Plan to Fire Zuckerberg

Facebook CEO didn't have a great week

(Newser) - Facebook shares plummeted 20% after market close Wednesday, and one person in particular felt it more than others. Bloomberg reports Mark Zuckerberg lost about $16.8 billion as a result of the dip, which would not only negate the nearly $14 billion he'd already gained this year—it would...

Facebook Fined 7 Minutes' Revenue for Data-Mining Scandal

UK punishes company over Cambridge Analytica

(Newser) - Facebook is facing its first financial penalty for allowing the data-mining firm Cambridge Analytica to forage through the personal data of millions of unknowing Facebook users. A UK government office that investigated the Cambridge Analytica scandal has announced its intention to fine Facebook $663,000 for contravening the law by...

Before It Was Mature Facebook, Infant Facebook Was 'Wild'

'Wired' takes a closer look at Zuckerberg and his team during the social media giant's early days

(Newser) - It's true that Mark Zuckerberg jump-started Facebook in the spring of 2004 while attending Harvard, but it was in the infant firm's new home in Silicon Valley just a few months later where endless hours of frenetic coding, partying, and a "brogrammer 'tude" started to transform...

Move Over, Buffett. There's a New No. 3 on Richest List

Mark Zuckerberg had a very good day on Friday

(Newser) - Facebook shares climbed 2.4% on Friday to a record $203.23, reports Bloomberg , a performance fine enough to vault founder Mark Zuckerberg past the vaunted Oracle of Omaha on the list of the world's richest people. The surge put Zuck at a net worth of $81.6 billion,...

Declaration of Independence Flagged as Hate Speech

Site apologizes over algorithm issue

(Newser) - The Declaration of Independence contains hate speech, according to Facebook's algorithms. Though the social media site eventually allowed the famed historical document to be shared in full, Texas' Liberty County Vindicator ran into trouble while posting fragments of the text on its Facebook page ahead of Independence Day. Facebook'...

Latest Facebook Glitch: Millions of 'Private' Posts Made Public

As many as 14 million users affected

(Newser) - Facebook said Thursday that a software bug made some private posts public for as many as 14 million users over several days in May, the AP reports. The problem, which Facebook said it has fixed, is the latest privacy scandal for the world's largest social media company. It said...

Facebook Says It Gave 4 Chinese Companies Access

One of which was Huawei, which has lawmakers unnerved

(Newser) - Days after the New York Times came out with a report alleging that Facebook improperly let other companies have access to users' personal information comes a follow-up from the Times that reports the group included four Chinese companies—one of which US intelligence has identified as a possible national security...

Report: WhatsApp Founders Walked Away From $1.3B

'WSJ' has lengthy piece on Jan Koum and Brian Acton's exit from the company

(Newser) - Itching to take your job and shove it? What if doing so meant leaving $1.3 billion on the table? That's what the Wall Street Journal reports the founders of WhatsApp did in exiting Facebook prior to November. That's the month when their unvested shares would have fully...

Facebook Faces Another Controversy Over Privacy

'New York Times' reports that company gave device makers access to users' info

(Newser) - The New York Times is out with a report alleging that Facebook improperly let other companies have access to users' personal information—and even their friends' information. Facebook has quickly pushed back against the allegations. The Times says that Facebook set up data-sharing agreements with at least 60 device-makers such...

In a Sign of the Times, Facebook Drops 'Trending' Box

The social media platform is testing several new products

(Newser) - Facebook has announced that it is dropping the “Trending” news section that sits to the right of the News Feed, reports theverge . Facebook introduced the section in 2014, but it never got on solid footing. It was only available in five countries and generated less than 1.5% of...

One Country Is Banning Facebook for a Month

Papua New Guinea takes a stand against the social-media site

(Newser) - Residents of Papua New Guinea may have to forget about using Facebook for a while, the Guardian reports. The country's communication minister, Sam Basil, says his government plans to shutter the social media site for a month to cull out "fake users" and see how Facebook is affecting...

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