Monday April 22, 2019
Home Lead Story Despite Data ...

Despite Data Scandals And Privacy Issues Facebook Stock At All-Time High

The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia

0
//
Facebook, spam
Facebook plans sprawling office near Microsoft headquarters. IANS

Despite the massive Cambridge Analytica data scandal and a couple of users’ privacy issues owing to internal bugs, Facebook stock closed at an all-time record high of $203.23 on Friday.

Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 when it was under an intense probe over data breach from the US and European governments, Fortune reported.

Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League, reports IANS.  The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia — Thailand, Vietnam, Cambodia and Laos — from 2019 until 2022, in a deal worth about $264 million.

facebook Marketing
Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League. Pixabay

Since going public in 2012, Facebook has seen its stock rise more than 400 per cent.  In the latest privacy goof-up, Facebook admitted that over 800,000 users were affected by a bug on its platform and Messenger that unblocked some people the users had blocked.   The bug was active between May 29 and June 5 — and while someone who was unblocked could not see content shared with friends, they could have seen things posted to a wider audience, said Facebook.

Also readFacebook Shuts Down Three of its Apps

Facebook has already been grappling with privacy issues like the Cambridge Analytica data scandal involving 87 million users and another bug that changed 14 million users’ privacy setting defaults to public. (IANS)

Next Story

Facebook Still Hosting NZ Shooting Footage: Report

Facing flak, the social media giant is now exploring restrictions on who can use its “Facebook Live” feature

0
Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Despite Facebook’s claim that the livestreaming video of the March 15 Christchurch shooting that killed 50 people was removed from its platforms, sections of the raw footage are still available for users to watch, the media reported.

According to a report in Motherboard on Friday, certain videos on Facebook and Instagram show sections of the raw attack footage.

“The world’s biggest and most well-resourced social media network is still hosting copies of the violent attack video on its own platform as well as Instagram,” the report claimed.

Some of the videos are slices of the original 17-minute clip — trimmed down to one minute or so — and are open to be viewed by anyone.

In one instance, instead of removing the video, which shows the terrorist shooting and murdering innocent civilians from a first-person perspective, Facebook has simply marked the clip as potentially containing “violent or graphic content”.

One of the clips shows the terrorist walking up to the first mosque he targeted, and opening fire. The video does not show the full attack, and stops at the 01:15 mark.

Facebook
Facebook App on a smartphone device. (VOA)

A Facebook spokesperson, however, said “the video did violate our policies and has been removed”.

The Facebook livestreaming of the New Zealand terror attack sparked global outrage. The video was viewed over 4,000 times before it was removed.

The video was later shared in millions on other social media platforms, including Twitter and YouTube.

Also Read- Jack Dorsey Admits Twitter Makes it Easy to Abuse Others

Facing flak, the social media giant is now exploring restrictions on who can use its “Facebook Live” feature.

Earlier this month, New Zealand’s privacy commissioner John Edwards labelled Facebook as “morally bankrupt pathological liars” after the social media platform’s CEO Mark Zuckerberg tried to play down the Facebook livestreaming of Christchurch shooting. (IANS)