US regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported.
Facebook said in a statement it was introducing a "one-strike" policy for use of Facebook Live, temporarily restricting access for people who have faced disciplinary action for breaking the company's most serious rules anywhere on its site.
The social media firm set aside $3bn to deal with an expected US Federal Trade Commission fine, which could eventually amount to $5bn. But the controversies have had little impact on the tech behemoth’s bottom line.
The one-time charge slashed Facebook's first-quarter net income considerably, although revenue grew by 25 percent in the period. The FTC has been looking into whether Facebook broke its own 2011 agreement promising to protect user privacy.
The man who created one of the first social networking platforms tells TRT World how too much information is altering attitudes and how he intends to fight it.
“By updating the rules for the Internet, we can preserve what’s best about it - the freedom for people to express themselves and for entrepreneurs to build new things - while also protecting society from broader harms,” Zuckerberg wrote.
Instagram has agreed to ban graphic images of self-harm after objections were raised in Britain following the suicide of a teen whose father said the photo-sharing platform had contributed to her decision to take her own life.
Facebook is restricting who can run foreign political ads around the world after abuse of its social media platform around the world, in a bid to reduce election tampering and increase accountability.
This year was filled with stories that gripped the world. Here are our picks for the 13 most significant.
Investors are concerned about snowballing legal and regulatory efforts over data use polices that have upset many customers and could carry significant penalties and costs.
Organised, online, and leaderless - the protests rocking France are an expression of the deep malaise and disaffection with the state and direction of France.
Lawmakers leading the probe into the Cambridge Analytica data scandal seize confidential documents believed to include data about Facebook's privacy controls.
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