Facebook shares dip as USA regulator announces privacy probe

In trust-deficit age Facebook back to paper ads to apologise for Cambridge Analytica blot

It's likely that Facebook will need to answer a lot of questions about its data privacy rules and practices and prove its intentions and current practices are fit for goal and do protect users' private data.

Facebook is also facing questions about reports that it collected years of contact names, telephone numbers, call lengths and information about text messages from Android users.

The DCMS committee wrote to Zuckerberg on March 20 - following newspaper reports based on interviews with a former employee of United Kingdom political consultancy, Cambridge Analytica, who revealed the company obtained Facebook data on 50 million users - calling for him to give oral evidence. Facebook says the data is used "to improve people's experience across Facebook" by helping to connect with others.

"Facebook's failure to protect confidential user information likely violated specific legally binding commitments, but also basic norms and standards", said US Democratic senator Richard Blumenthal, a member of the Senate Commerce, Science and Transportation Committee.

The agency said it plans to determine whether the social media giant violated a consent decree it signed in 2011 to protect users' privacy. Facebook has not commented on the lawsuit.

"The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook".

Barley will also meet with senior Facebook executives soon to discuss the company's role in ongoing data-handling scandal and how it sought to address privacy issues, local media reported.

To do this, click the triangle in the top right of Facebook on desktop, then select Settings, then select "Download a copy of your Facebook data". He called the investigation "good news".

And a group of 37 attorneys general on Monday sent a letter to Zuckerberg asking for details about Facebook's privacy safeguards. "Facebook has made promises about users' privacy in the past, and we need to know that users can trust Facebook", they wrote. The information was used in the process of targeted campaign adds to sway voters in favor of casting their ballot for US President Donald Trump. "Our internal review of the situation continues and we look forward to responding".

Facebook shares briefly dipped below $150 on Monday for the first time since July 2017, before recouping some losses.

A Cambridge Analytica whistleblower said that Canadian company AggregateIQ worked on software called Ripon which was used to identify Republican voters ahead of the 2016 USA presidential election.

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