- Facebook is prohibited from asking for email addresses to other services when users sign up for its services.
Facebook has expanded programs and promises in response to political pressure on several issues, including policing objectionable content.
"Without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsive to consumer demands", DOJ antitrust chief Makan Delrahim said in a statement. As long as the users are still coming, "we think advertisers will continue to show up". In a statement Wednesday, the company said 1.59 billion people log into the main social-media service daily, compared with the 1.57 billion users projected in a Bloomberg survey.
These new compliance measures include appointment of an independent assessor to monitor Facebook's conduct, privacy reviews for all new or modified Facebook products, establishment of a new Independent Privacy Committee on Facebook's Board of Directors, annual compliance certifications by Facebook CEO Mark Zuckerberg, and various reporting and record-keeping requirements.
After months of investigation by the Federal Trade Commission into the matter, we finally have a settlement at our disposal, which could change things for us, for Facebook, and the one who founded it - Mark Zuckerberg.
Both Facebook and the FTC worked to convince the public that the settlement would enact a fundamental shift in how the company operates. One investigation may now be in the rearview mirror, but Facebook still has more to contend with.
Shares were little changed in extended trading late Wednesday, after fluctuating up and down following the report. He added that the new restrictions are designed "to change Facebook's entire privacy culture to decrease the likelihood of continued violations".
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Pepe contributed 22 goals and 11 assists in Ligue 1 last season as Lille finished second behind Paris Saint-Germain. Inter have made a staggering €80 million offer for Lille's forward Nicolas Pepe , according to L'Equipe in France.
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However, Tesla's revenue jumped 47% to $6.35 billion up from $4 billion in the same second quarter period past year . Tesla said it generated $614 million of free cash flow (operating cash flow less capital expenditures) in Q2.
'Chaos': Travellers at United Kingdom airports face delays following high temperatures
Meanwhile thunderstorms in the south-east of England were continuing to bring heavy rain, gusty winds and lightning this morning. Friday morning's flights out of Gibraltar were delayed with the evening British Airways' flight to Gatwick cancelled.
What can be more satisfactory than the feeling that your data remains safe? Second, there may be changes to privacy rules governed by Apple Inc.'s iOS and Google's Android mobile operating systems, where Facebook offers its app.
Since the Cambridge Analytica debacle erupted more than a year ago, Facebook has vowed to do a better job corralling its users' data.
Facebook needs to keep a check on the third-party apps it indulges with and cut all ties with those apps that don't abide by the company's privacy policies.
"Facebook makes that much money in a couple of weeks", said Siva Vaidhyanathan, a University of Virginia professor and author of "Antisocial Media: How Facebook Disconnects Us and Undermines Democracy".
Besides, after years of people tagging friends' faces as they uploaded photos onto the social network, the company already has a valuable repository of images stored in its data centers. Facebook's penalty is almost 20x bigger than what the FTC slapped on Equifax for an extensive data breach a few days ago.
As the advertising business expands more slowly, Facebook is pushing into new areas, including payments and e-commerce. They will regularly brief Facebook management. Additionally, Facebook will also have to pay $100 million to settle its case with the Securities and Exchange Commission.
While this fine is unprecedented, it will most likely not be the last of Facebook's interactions with Capitol Hill. Excluding the items, the company said profit was $1.99 a share, exceeding the $1.88 per-share average analyst estimate.