Thursday, September 24, 2020
Home Lead Story Facebook to Provide Users Details on How it Makes Money

Facebook to Provide Users Details on How it Makes Money

Facebook said it would clarify when people share their own content

Facebook has announced to introduce new terms of service, providing its over 2 billion users more details on how it makes money, removes harmful content and takes care of users’ intellectual property rights.

The updates, effective from July 31, are the result of Facebook’s work with the European Consumer Protection Cooperation Network and inputs from ongoing conversations with regulators, policymakers and consumer protection experts around the world, the company said in a statement on Thursday.

“We include more details on how we make money, including a new introduction explaining that we don’t charge you money to use our products because businesses and organizations pay us to show you ads,” noted Anna Benckert, Vice President and Associate General Counsel at Facebook.

Facebook said it would clarify when people share their own content — like photos and videos — and they continue to own the intellectual property rights in that content.

Facebook, Users, Money
Facebook has announced to introduce new terms of service, providing its over 2 billion users. Pixabay

“You grant us permission to do things like display that content, and that permission ends when the content is deleted from Facebook. This is how many online services work and has always been the case on Facebook,” Benckert added.

Facebook is also providing more detail about what happens when people delete content they have shared.

For example, when you delete something you’ve posted, it’s no longer visible but it can take up to 90 days to be removed from our systems.

Also Read- World Bank Approves $310 Million Loan for Sri Lanka to Reduce Flood Risks

“We don’t sell your personal data,” it added. (IANS)

STAY CONNECTED

19,142FansLike
362FollowersFollow
1,775FollowersFollow

Most Popular

Walmart Aims for Zero Global Emissions by 2040 

U.S.-based retail giant Walmart has unveiled new initiatives to reduce its global carbon footprint while preserving the world’s natural land and sea habitats. The company...

NASA Unveils Plan to Land First Woman on the Moon in 2024

The U.S. National Aeronautics and Space Administration (NASA) has unveiled a plan to land the first woman on the moon in 2024. NASA Administrator Jim...

42% of Indian Workers Use Personal Devices to Access Corporate Data

As the lines between work and home life get increasingly blurred, 42 per cent of workers in India are using personal devices to access...

Karan Kundra: Drugs are the Choice of an Individual, Not of an Industry

BY ARUNDHUTI BANERJEE Popular television actors Karan Kundra and Yogita Bihani feel the constant negative narratives that are lately doing the rounds about the entertainment...

Excess Fat Around Abdomen Associated With Higher Risk of Early Death

Researchers have found that excess fat stored around the abdomen is associated with a higher risk of early death from any cause, regardless of...

The Story of Frane Selak: World’s Most Unlucky Luckiest Man

By Muskan Bhatnagar Frane Selak, an elderly Croatian music teacher, is known for his brushes with death, which also made him gain the title of...

Comedy Films Have to Offer More Than Just Laughs, Fun: Pankaj Tripathi

Actor Pankaj Tripathi, who is loved for his versatility on screen, says he is glad that he got a chance to essay several interesting...

Researchers Develop Neural System Paving the Way for Brain-Machine Interfaces

Chinese researchers have developed a neural signal analysis system with memristor arrays, paving the way for high-efficiency brain-machine interfaces. Brain-machine interfaces are promising tools for...

Recent Comments