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Facebook says users must accept targeted ads even under new EU law
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MENLO PARK, Calif. (Reuters) – Facebook Inc (FB.O) said on Tuesday it would continue requiring people to accept targeted ads as a condition of using its service, a stance that may help keep its business model largely intact despite a new European Union privacy law. FILE PHOTO: Silhouettes of mobile users are seen next to […]

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Facebook CEO's compensation jumps to $8.9 million as security costs soar
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(Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s […]

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Long lines, protest before Facebook CEO Zuckerberg testifies
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SAN FRANCISCO/WASHINGTON (Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg will strike a conciliatory tone on Tuesday in testimony before Congress as he looks to fend off the possibility of new regulations as a result of the privacy scandal engulfing his social network. The 33-year-old internet mogul is set to appear in Washington before […]

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Facebook CEO says company did not do enough to prevent misuse
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WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg told Congress on Monday that the social media network should have done more to prevent itself and its members’ data being misused and offered a broad apology to lawmakers. His conciliatory tone precedes two days of Congressional hearings where Zuckerberg is set to answer questions about […]

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Republican senator says Facebook scandals may be 'too big' for company to fix alone
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WASHINGTON (Reuters) – A Republican U.S. senator warned on Sunday that Facebook Inc may need to be regulated to address concerns about the company’s privacy and foreign propaganda scandals, saying they may be “too big” for the social media company to solve alone. FILE PHOTO – Senator John Kennedy (R-LA) speaks to reporters after a […]

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Seattle finds Facebook in violation of city campaign finance law
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SAN FRANCISCO (Reuters) – Seattle’s election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. Facebook must disclose details about spending in last year’s Seattle city elections or […]

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Facebook, Twitter Take New Steps to Combat Fake News and Manipulation
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Facebook and Twitter both revealed on Friday more about how they plan to deal with the spread of fake news and propaganda on their services. Facebook said that it would ask its users to tell it which news sources they read and trust to help it decide which ones should be featured more prominently. These […]

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