Cambridge Analytica

Facebook has reached a preliminary agreement in a long-running lawsuit seeking damages from the social network for allowing third parties, including the company Cambridge Analytica, to access users' private data.     

The US state of California has been investigating the Internet giant Facebook for a year and a half, it became clear today, writes Reuters.

The case file shows that California accuses Facebook of obstruction of justice, with the company refusing to cooperate with a review of its commercial practices. Facebook did not comment on the news.

Facebook has agreed to pay a fine of £ 500,000 for breaches of personal data protection law related to the unauthorized use of such data by Cambridge Analytica. This was announced by the Office of the British Information Commissioner (ICOICO, the British regulator for information rights, BNR reported.

Facebook has announced that it has suspended tens of thousands of apps because of the potential risk of privacy for its users after millions of apps have been scrutinized internally, AFP reported.

The Federal Trade Commission has reportedly voted to approve fining Facebook roughly bn to settle an investigation into the company's privacy violations that was launched following the Cambridge Analytica revelations, The Guardian wrote.

Among the world's most influential people in 2018, positioned among heads of state and billionaire entrepreneurs, is an introverted 29-year-old with bright pink hair.

Facebook's recent string of management disasters continued with the social networking giant reporting a major hack on Friday that affected up to 50 million people.

CEO Mark Zuckerberg said in a call with reporters the company "patched the issue last night and are taking precautionary measures" to avoid any further damage.

AFP - Facebook on Wednesday said it has suspended more than 400 of thousands of applications it has investigated to determine whether people's personal information was being improperly shared.

Facebook Inc. FB, -0.54% Chief Security Officer Alex Stamos has taken a new job at Stanford, leaving the Menlo Park, Calif. tech giant behind, according to several reports. According to a tweet from Stamos, he will depart Facebook Aug. 17 and will begin a teaching and research role at Stanford University (he also included a link to his fall class).

British company Cambridge Analytica, which is at the center of a Facebook scandal, has announced that it has begun insolvency proceedings and "stops all its operations immediately," says Bgnes.