Facebook offers bounty up to of $40000 for reporting data misuse

The worst-case scenario is that a bunch of users see the explicit consent request, opt out, and deprive Facebook of data in one of its most valuable advertising markets. Nonetheless, I made a decision to take a second look at the profile data and started to dive into the various different pages of my profile, including scrolling through several years of timeline posts and cringing occasionally, finally making my way back to the page called ads.htm.

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Facebook Inc FB.O Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed (https://www.sec.gov/Archives/edgar/data/1326801/000132680118000022/facebook2018definitiveprox.htm) on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security.

News of Cambridge Analytica’s major data scrape broke in mid-March, when Facebook banned the company and its associates from the platform.

A commentary piece by Jess Kimball Leslie about Facebook haters drew this comment from a follower, “If they keep up the censorship, I guarantee I will be using an alternative means to connect with people”.

Facebook, which also owns Instagram and WhatsApp, has yet to release any user numbers, but at the Wall Street Journal CEO Council in London today, Carolyn Everson, its vice president of global marketing solutions, said few users have changed their privacy settings, and the company isn’t expecting the hoopla over privacy concerns to meaningfully impact its revenues.

Given the political atmosphere in the USA, putting in place such a law here appears a “long way” off, Wieser said. However, there is certainly a difference between people who say they have deleted their Facebook and those who actually did it. Many questions indicated a lack of understanding about Facebook and its service from members of Congress, Wieser wrote.

Facebook is confronting its biggest privacy scandal in 14 years after it was revealed that the data firm Cambridge Analytica misused data from up to 87 million users. “I commend it to your attention-to the attention of your company”.

Lance asked Facebook to review the legislation.

Another data privacy drama will certainly fuel calls to regulate the social-media giant.

“We didn’t take a broad enough view of our responsibility”. It seems clear that past operations haven’t been good enough. “That’s a real thing and it goes for 20 years”, he observed. There are also increasing worries about the monopoly clout wielded by many tech titans, from Facebook to Alphabet Inc.

But, Chairman Walden insisted that the American people are concerned about how Facebook protects and profits from its users’ data.

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Facebook said it ended its support “to focus our efforts on supporting reasonable privacy measures in California”.

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