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Bonus For Facebook Employees Aiding With Social Issues

Facebook now has a monthly active user base of 2.32 billion and daily active users base of 1.52 billion

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This photo shows a Facebook app icon on a smartphone in New York. VOA

Facebook will now incentivise its 36,000 employees on how they are contributing to social causes and helping the company tackle issues like spread of misinformation and hate speech on its platform.

Going beyond metrics like user growth and product quality to decide on employee bonuses, the social media giant will now see how the workers reflect the company’s updated priorities for 2019, CEO Mark Zuckerberg said during a meeting at his headquarters on Tuesday, a day after Facebook celebrated its 15th anniversary.

“Previously, Facebook’s employee bonus formula was based on six factors, including user growth, increased sharing by users, and improvements in product quality. Now the company is adjusting its bonus calculations to better reflect its updated goals,” said a Fortune report.

Those updated goals include making progress on the social issues Facebook is facing, building services that improve people’s lives, supporting businesses and being more transparent about the role Facebook plays in the world.

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A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

“Over the past two years, we’ve fundamentally changed how we run Facebook. This particular change is designed to ensure that we are incentivising people to keep making progress on the major social issues facing the internet and our company,” the company said in a statement.

Zuckerberg in his New Year statement had said that his personal challenge for 2019 will be to “host a series of public discussions about the future of technology in society — the opportunities, the challenges, the hopes, and the anxieties”.

Also Read- UNICEF Calls For Global Action to Prevent Cyberbullying

“We’ve fundamentally changed how we run our company to focus on the biggest social issues, and we’re investing more to build new and inspiring ways for people to connect,” he said after Facebook on January 30 announced record revenue of $16.91 billion in the fourth quarter ending December 31.

Facebook now has a monthly active user base of 2.32 billion and daily active users base of 1.52 billion. (IANS)

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Social Networking Giant Facebook Stored Users’ Passwords in ‘Readable’ Form

Facebook Lite is a version of Facebook, predominantly used by people in regions with lower connectivity

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Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Facebook on Thursday said it has fixed a security issue wherein millions of its users’ passwords were stored in plain text and “readable” format for years and according to reports, were searchable by thousands of its employees.

The report by KrebsOnSecurity claimed on Thursday around 200-600 million Facebook users may have had their account passwords stored in plain text and searchable by over 20,000 Facebook employees.

In a blog post later, Facebook said as part of a routine security review in January, it found that some user passwords were being stored in a readable format within our internal data storage systems.

“This caught our attention because our login systems are designed to mask passwords using techniques that make them unreadable.

“We have fixed these issues and as a precaution will be notifying everyone whose passwords we found stored this way,” wrote Pedro Canahuati, VP Engineering, Security and Privacy at Facebook.

The company, however, said these passwords were never visible to anyone outside of Facebook.

Facebook, data, photos, vietnam
A smartphone user displays a Facebook newsfeed .VOA

“We have found no evidence to date that anyone internally abused or improperly accessed them. We estimate that we will notify this to hundreds of millions of Facebook Lite users, tens of millions of other Facebook users, and tens of thousands of Instagram users.

Facebook Lite is a version of Facebook, predominantly used by people in regions with lower connectivity.

“Out of an abundance of caution, we are telling people so that they can change passwords if they choose,” Facebook tweeted.

Also Read- EU Fines Google $1.7 bn for Unfair Online Ad Rules

Earlier this month, Facebook came under scrutiny for using phone numbers provided for security reasons — like two-factor authentication (2FA) — for things like advertising and making users searchable by their phone numbers across its different platforms.

“Consider enabling a security key or two-factor authentication to protect your Facebook account using codes from a third party authentication app. When you log in with your password, we will ask for a security code or to tap your security key to verify that it is you,” Facebook advised. (IANS)