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Bankrupt Cambridge Analytica blames “negative media coverage” for shutdown

The data firm at the center of Facebook’s massive privacy scandal is calling it quits. Cambridge Analytica and its parent company, SCL Elections, said today that they will immediately cease operations in the wake of mounting legal fees and a client exodus that followed several weeks of “unfairly negative media coverage.” The company—which worked on presidential … Continue reading “Bankrupt Cambridge Analytica blames “negative media coverage” for shutdown”

Bankrupt Cambridge Analytica blames “negative media coverage” for shutdown
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F8 live-stream: How to watch Facebook’s 2018 developer conference online

For the next two days, Facebook will get to pretend it’s not mired in controversy and will instead try to focus on some of its new projects and products. The tech giant’s 2018 F8 developer conference begins today, with a host of new announcements and events expected to take place. Mark Zuckerberg’s keynote address is … Continue reading “F8 live-stream: How to watch Facebook’s 2018 developer conference online”

F8 live-stream: How to watch Facebook’s 2018 developer conference online
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Twitter is now embroiled in the Cambridge Analytica scandal

The social network sold data to the same Cambridge University academic who harvested Facebook user data from millions of users. The academic reportedly bought the data from Twitter back in 2015. The academic’s firm, called Global Science Research, was reportedly granted access for one day to large-scale public Twitter data covering months of posts, reports … Continue reading “Twitter is now embroiled in the Cambridge Analytica scandal”

Twitter is now embroiled in the Cambridge Analytica scandal
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Facebook says platform changes are reducing passive video consumption

Last quarter, Facebook said it was focusing its platform going forward on more meaningful interactions, changes that would reduce the time users spend on the service. Today, during its first-quarter earnings call, CEO Mark Zuckerberg said changes that emphasize those kinds of connections have resulted in a decline of passive consumption of video. “We’ve observed … Continue reading “Facebook says platform changes are reducing passive video consumption”

Facebook says platform changes are reducing passive video consumption
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What scandal? Facebook easily beats earnings estimates with EPS of $1.69

Facebook may still be mired in the Cambridge Analytica scandal, but if all you were looking at is its bottom line, you might never know anything was wrong. Today, Mark Zuckerberg’s company released its first-quarter earnings report, and it handily beat analysts’ estimates, posting revenues of $11.97 billion, and earnings per share of $1.69, well … Continue reading “What scandal? Facebook easily beats earnings estimates with EPS of $1.69”

What scandal? Facebook easily beats earnings estimates with EPS of $1.69
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Facebook earnings: 5 things to watch in first post-Cambridge Analytica report

This afternoon, Facebook will release its first-quarter earnings. Here are five things we’ll be watching for from the social-networking giant: This is Facebook’s first earnings report since the Cambridge Analytica scandal broke last month. It will be interesting to see how the controversy–which involves the misuse of over 87 million users’ data–affects the company’s bottom … Continue reading “Facebook earnings: 5 things to watch in first post-Cambridge Analytica report”

Facebook earnings: 5 things to watch in first post-Cambridge Analytica report
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Researcher in Facebook scandal says his work was no good for targeted ads

Aleksandr Kogan, a researcher who worked for the University of Cambridge and created the personality quiz that harvested over 87 million Facebook users’ data without their permission has told a U.K. parliamentary committee that his project would be of little use for targeted advertising (via Reuters): “I believe the project we did makes little to … Continue reading “Researcher in Facebook scandal says his work was no good for targeted ads”

Researcher in Facebook scandal says his work was no good for targeted ads
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Cambridge Analytica whistleblower: Don’t delete Facebook, but reform it

A day after Brittany Kaiser testified before the British Parliament, where the former Cambridge Analytica director indicated that the firm’s harvesting of user data actually affected more than 87 million Facebook users, she appeared in New York on Wednesday to tout her new role as a champion of data privacy. Kaiser, who left her role … Continue reading “Cambridge Analytica whistleblower: Don’t delete Facebook, but reform it”

Cambridge Analytica whistleblower: Don’t delete Facebook, but reform it
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Facebook isn’t worried about the impact of its privacy scandal on its bottom line

In the immediate aftermath of the Cambridge Analytica controversy, Facebook’s stock price plummeted, dropping as much as 18.3% and losing many tens of billions of dollars in market cap. But maybe all the media coverage and Wall Street reaction and #DeleteFacebook energy isn’t actually impacting the company’s 2 billion-plus users. Facebook, which also owns Instagram … Continue reading “Facebook isn’t worried about the impact of its privacy scandal on its bottom line”

Facebook isn’t worried about the impact of its privacy scandal on its bottom line
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Jimmy Kimmel just made the perfect video to share on Facebook

In the wake of Facebook’s Cambridge Analytica scandal, CEO Mark Zuckerberg may be feeling a little friendless. Not only is he being hauled before Congress to answer questions this week, but Apple cofounder Steve Wozniak deactivated his Facebook account, and Mexico and Australia are lining up to put Zuck in the hot seat next. Jimmy Kimmel, though, wants … Continue reading “Jimmy Kimmel just made the perfect video to share on Facebook”

Jimmy Kimmel just made the perfect video to share on Facebook
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