The company had originally said up to 50 million accounts were affected in a cyberattack that exploited a trio of software flaws to steal "access tokens" that enable people to automatically log back onto the platform.
Costs of improving privacy safeguards and slowing usage in the biggest advertising markets combined with missed revenue and user growth targets saw the company's shares lose a quarter of their value.
The London firm at the centre of a scandal in which it collected data to profile potential voters in the US election blames unfair media coverage and a subsequent loss of customers that has led it to declare bankruptcy.
Users of the world's largest social network can make separate profiles to find a dating match based on shared interests.
If Facebook wants to maintain its status as the world's biggest social media network it will need to rebuild trust, yes, but more importantly it will need to share a piece of the pie.
Facebook will face a class action lawsuit for the violation of people's biometric information privacy without permission, according to a federal court decision in US.
Singapore decides to set up surveillance cameras on 100,000 lampposts, to “perform crowd analytics’’ for public security. The technology of facial recognition with cameras and censors urges privacy fears among right groups and security experts.
Facebook said it will launch a range of new tools to "to put people more in control of their privacy." Users will be able to find their privacy options in one place and delete information they have shared already.
New Zealand's privacy commissioner said that the social media giant claimed it wasn't bound by New Zealand's privacy laws and didn't have to comply with a request from his office to take a look at disputed information.
Normally, the Federal Trade Commission refuses to comment on its probes, but it took the unusual step of confirming a "non-public investigation" into Facebook over whether it mishandled private data.
Can we move toward an internet where your personal data isn't currency to be traded with advertisers, and where services exist for the common good? The good news is that it already exists.
The Federation of German Consumer Organisations said Facebook's default settings and some of its terms of service were in breach of consumer law.
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