How years of privacy controversies finally caught up with Facebook
https://www.washingtonpost.com/technology/2018/07/26/how-years-privacy-controversies-finally-caught-up-with-facebook/ Facebook long had a knack for navigating privacy controversies related to its collection of user data. But the cost of its missteps finally caught up with Facebook this week, sending its market value down more than $100 billion Thursday in the largest drop in value in Wall Street history. Long-simmering privacy concerns, dating to nearly the birth of the company in a Harvard dorm room in 2004, have in recent months taken more concrete form than ever. In May, the European Union imposed a strict new regulatory regime. U.S. officials, meanwhile, have begun scrutinizing Facebook in a multi-agency federal investigation related to its handling of a recent scandal that exposed the information of 87 million people. - - - --Lauren-- Lauren Weinstein ([email protected]): https://www.vortex.com/lauren Lauren's Blog: https://lauren.vortex.com Google Issues Mailing List: https://vortex.com/google-issues Founder: Network Neutrality Squad: https://www.nnsquad.org PRIVACY Forum: https://www.vortex.com/privacy-info Co-Founder: People For Internet Responsibility: https://www.pfir.org/pfir-info Member: ACM Committee on Computers and Public Policy Google+: https://google.com/+LaurenWeinstein Twitter: https://twitter.com/laurenweinstein Tel: +1 (818) 225-2800 _______________________________________________ nnsquad mailing list https://lists.nnsquad.org/mailman/listinfo/nnsquad
