Tag: facebook

Facebook Drops Content on 3D Printing of Guns

Facebook Drops Content on 3D Printing of Guns

Facebook said this week that it has removed content related to the 3D printing of firearms on its platform. The move comes as the debate on gun control intensifies in the US. A spokesperson said that instructions on how to manufacture guns using 3D printers go against the social network’s Community Standards, but it was not clarified if only posts would be removed and not pages.   The company however assured that it will be sharing an updated policy on the restricted product shortly. Source: Reuters

US Think Tank, Facebook Work to Fight Fake News

US Think Tank, Facebook Work to Fight Fake News

Facebook is reportedly working with a small US think tank which helped it identify and disable a recent propaganda campaign aimed at sowing dissent among US voters. It was noted that the Atlantic Council’s Digital Forensic Research Lab, which is based in Washington, D.C., has also provided its geopolitical expertise to Facebook, whose ex-chief security officer pointed out that a company like theirs does not have the necessary information to evaluate the relationship between political motivations of a nation-state. He added that Facebook can only amass digital evidence to turn over to the authorities and experts. It was also leaked […]

Facebook, Apple Remove Alex Jones for Violating Community Standards

Facebook, Apple Remove Alex Jones for Violating Community Standards

A number of companies including YouTube, Apple, Facebook and Spotify have decided to take down all content by Alex Jones, saying that the conspiracy theorist had breached community standards. Jones, who has built a following after founding Infowars in 1999, had his Facebook page removed for uploading content that glorified violence and using dehumanizing language against transgender, Muslims and immigrants. However, the Infowars app is still available on Apple app store and Google Play. Twitter meanwhile said that the Infowars accounts has not yet violated any of its rules.    Source: Reuters

Facebook Offers Service to Banks, Promises to Improve Customer Service

Facebook Offers Service to Banks, Promises to Improve Customer Service

Facebook revealed this week that it is cultivating ties with banks which it says can benefit from the social network’s Messenger chat. The tech firm says that financial institutions can improve their customer service by linking financial accounts to the platform’s messaging app. However, it was reported that Facebook is seeking to gain access to detailed financial information on bank customers, including card transactions and checking-account balances. A spokesperson confirmed that the social network will not using the information beyond enabling these (customer service) types of experiences and assured that the company considers keeping people’s information safe and secure as […]

Facebook Fake Account Makers Getting Better, Experts Say

Facebook Fake Account Makers Getting Better, Experts Say

Cyber security experts recently warned that creators of fake Facebook profiles are getting better at concealing their footprints. They added that this could pose a new challenge to the social network which is already struggling to prevent misinformation on the platform. Ben Nimmo of Digital Forensic Research Lab says that the new fake profiles feature less original written material, and use copy-pasted material from American websites for longer posts. Meanwhile, director of the Oxford Internet Institute Philip Howard says that the fake accounts now tend to share more diverse and less discernible material with better quality images from lesser known […]

Facebook’s Security Chief Leaves for Stanford University

Facebook’s Security Chief Leaves for Stanford University

Facebook’s Chief Security Officer, Alex Stamos, has officially resigned from his position this week, a move that was expected by many after it was revealed in March that the social network will be reorganizing its security division. Stamos has been with Facebook since 2015, but will be leaving later this month to become a fellow at Stanford University where he will be part of a new working group that will focus on information warfare, designed to inform politicians and the media about new threats. Facebook’s chief operating officer Sheryl Sandberg said Stamos played a critical role at the company. However, […]

Hundreds of Facebook Posts Deleted Under Germany’s Online Hate Speech Law

Hundreds of Facebook Posts Deleted Under Germany’s Online Hate Speech Law

Facebook said this week that it had taken down 362 offensive posts after Germany’s NetzDG came into effect at the beginning of the year. The company added that non-compliance with the online hate speech law could result to fines up to 50 million euros. Vice president for global policy solutions Richard Allan also emphasized that hate speech is against the platform’s policy and they have removed posts that attacked people who were vulnerable for reasons including ethnicity, nationality, religion or sexual orientation. Germany’s criminal code considers insult, defamation, incitement to hatred and incitement to crime as offences. It was noted […]

Facebook Shuts Down Accounts Aimed at US Election Interference

Facebook Shuts Down Accounts Aimed at US Election Interference

Facebook revealed this week that is has identified and shut down accounts which may be used in a campaign that seeks to disrupt the mid-term US elections which will be held this November. Facebook said that they found 17 suspicious Facebook profiles which had published around 9500 posts, and 7 Instagram accounts, one of which posted only only a single piece of content. Some of the popular ones that got banned were Aztlan Warriors, Black Elevation, Mindful Being, and Resisters. The social network, however, said that they could not ascertain who was responsible for the pages as the bad actors […]

Facebook Sued After Shareholders Lose Billions

Facebook Sued After Shareholders Lose Billions

Facebook is reportedly being sued by a shareholder who says that the company and its Chief Financial Officer David Wehner made inaccurate and incomplete statements about slowing revenue growth, falling operating margins, and declines in active users. Shareholder James Kacouris, who says that said the 19% plunge in Facebook’s shares was caused by federal securities law violations by the defendants. It is said that Kacouris’ lawsuit, which was filed in a Manhattan federal court, could just be one of many after the social media company had $120 billion of shareholder wealth wiped last week. Source: Reuters

Facebook’s $100 Billion Loss Biggest in Stock Market History

Facebook’s $100 Billion Loss Biggest in Stock Market History

Facebook last Thursday was seen to had posted what is considered to be biggest one-day loss in market value by any company in the history of the US stock market after releasing its quarterly report which was described as “disastrous”. The social network’s market capitalization plunged from $630 down to $510 billion, with stock prices falling down 19%. Records show that Facebook is the only company in US stock market history to lose more than $100 billion in a day. Prior to this, the biggest single-day loss was posted by Intel in September of 2000, which amounted to around $90 […]