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Facebook Spends More than Doubled the Money for Zuckerberg’s Security

Nearly $20 million went toward security for Zuckerberg and his family, up from about $9 million the year prior

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FILE - A 3D printed Facebook logo is seen in front of a displayed Russian flag in this photo illustration, Aug. 3, 2018. VOA

Facebook Inc. more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg’s security in 2018 to $22.6 million, a regulatory filing showed Friday.

Zuckerberg has drawn a base salary of $1 for the past three years, and his “other” compensation was listed at $22.6 million, most of which was for his personal security.

Nearly $20 million went toward security for Zuckerberg and his family, up from about $9 million the year prior. Zuckerberg also received $2.6 million for personal use of private jets, which the company said was part of his overall security program.

Chief Operating Officer Sheryl Sandberg took home $23.7 million in 2018 compared to $25.2 million last year.

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Zuckerberg has drawn a base salary of $1 for the past three years, and his “other” compensation was listed at $22.6 million, most of which was for his personal security. VOA

Facebook has in the past few years faced public outcry over its role in Russia’s alleged influence on the 2016 U.S. presidential election and has come under fire following revelations that Cambridge Analytica obtained personal data from millions of Facebook profiles without consent.

Russia fines Facebook $47

On Friday, a Russian court fined Facebook for failing to tell authorities where it stores Russian user data, Russian news agency reported.

The court fined Facebook 3,000 rubles ($47) for not providing the information in line with legislation that requires social media companies to store user data on servers located in Russia.

The only tools Moscow currently has to enforce its data rules are fines that often amount to very small sums or blocking the offending online services, an option fraught with technical difficulties.

 

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On Friday, a Russian court fined Facebook for failing to tell authorities where it stores Russian user data, Russian news agency reported. Pixabay

Facebook shakes up its board

Separately, Facebook said Netflix Chief Executive Officer Reed Hastings would vacate his seat on the social media company’s board and not be nominated for re-election.

Hastings’ departure comes as the Menlo Park-based company beefs up its push into videos. Hastings has served on Facebook’s board since 2011.

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The company also said it would nominate PayPal’s senior vice president of core markets, Peggy Alford, to its board in place of University of North Carolina President Emeritus Erskine Bowles, who will also not be re-nominated.

Facebook shares closed at $179.07 Friday evening. (VOA)

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Facebook ‘Unintentionally’ Uploaded Emails of Nearly 1.5 mn Users

The social network said the contacts weren’t shared with anyone and are being deleted

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

In a latest privacy goof up, Facebook “unintentionally” uploaded the emails of nearly 1.5 million of its users during the past three years.

A Facebook spokesperson admitted on late Wednesday that emails of 1.5 million people were harvested since May 2016 to help build Facebook’s web of social connections and recommend other users to add as friends.

First reported by Business Insider, the revelation came to light after a security researcher noticed that “Facebook was asking some users to enter their email passwords when they signed up for new accounts to verify their identities”.

“Last month we stopped offering email password verification as an option for people verifying their account when signing up for Facebook for the first time,” the Facebook spokesperson was quoted as saying.

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FILE – A 3D printed Facebook logo is seen in front of a displayed Russian flag in this photo illustration, Aug. 3, 2018. VOA

“We’ve fixed the underlying issue and are notifying people whose contacts were imported,” Facebook said.

The social network said the contacts weren’t shared with anyone and are being deleted, reports CNET.

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“People can also review and manage the contacts they share with Facebook in their settings,” said the company.

Facebook is facing the heat over several data scandals, including the massive Cambridge Analytica scandal where personal information of up to 87 million users was leaked. (IANS)