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Report: Facebook Shuffles Top Management, eyes Blockchain

"We may also be notified of such incidents or activity via the media or other third parties," Facebook said

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Facebook, Twitter Introduce New Guidelines For Political Ads
Facebook, Twitter Introduce New Guidelines For Political Ads. Pixabay
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Mired in a massive data breach controversy, Facebook has reportedly rolled out biggest-ever shuffle at the senior management level since its inception — across platforms, including WhatsApp and Messenger.

According to tech news website Recode, Facebook has made long-time executive Chris Cox in-charge of Facebook, Instagram, WhatsApp and Messenger — now called a “family of apps”.

“Facebook is also building a new team dedicated to Blockchain technology. David Marcus, the executive in-charge of Facebook’s standalone messaging app, Messenger, is leaving that post to run the Blockchain group,” the report said late on Tuesday.

Also Read: New Facebook Warns About Phishing Attacks

The Blockchain team would come under “New platforms and infra” run by Chief Technology Officer (CTO) Mike Schroepfer, who will also take care of Facebook’s AR, VR and Artificial Intelligence initiatives.

Facebook executive Javier Olivan, Vice President of Growth, will oversee the third division titled “Central product services”.

This vertical will include shared features that operate across multiple products or apps such as ads, security and growth.

Facebook.
Facebook. Pixabay

“Adam Mosseri, the Facebook product executive who runs News Feed, is headed over to Instagram to become the company’s new VP of product,” the report claimed.

Meanwhile, Chief Operating Officer Sheryl Sandberg will keep her duties.

Facebook on Tuesday announced the appointment of Jeff Zients, CEO of Cranemere, to the company’s board of directors and audit committee, effective May 31.

In a jolt to Facebook, WhatsApp co-founder and CEO Jan Koum in April decided to move on amid reports that he had a difference of opinion with parent company Facebook over data privacy, encryption and other issues.

After the Cambridge Analytica data scandal, Facebook has warned investors that more users’ data scandals in the future may adversely affect the social networking giant’s reputation and brand image.

Also Read: Facebook Ensuring Its AI System to be Equally Neutral For All

In its quarterly report shared with the US Securities and Exchange Commission (SEC), without mentioning Cambridge Analytica, Facebook said that its ongoing investments in safety, security and content review will identify additional instances of misuse of user data.

“We may also be notified of such incidents or activity via the media or other third parties,” Facebook said.

Appearing before the US Congress, Facebook CEO Mark Zuckerberg told the lawmakers that his own personal data was part of 87 million users’ that was “improperly shared” with the British political consultancy firm Cambridge Analytica which has not shut down operations. (IANS)

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Hillary Clinton Wishes to Head the Facebook

The former US presidential candidate was at Harvard on Friday receiving the Radcliffe Medal, which honours people who have "had a transformative impact on society".

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In a bid to prevent foreign interference into elections, facebook has also begun labelling all political and issue ads in the us -- including a
Hillary Clinton is willing to head the Social media giant, Facebook. VOA

Former US Secretary of State Hillary Clinton might be willing to swap a life in politics to lead the world’s largest social-networking company, a media report said.

On being asked by Attorney General Maura Healey, a democrat from Massachusetts, which company she would want to be the CEO of, Clinton didn’t pause before quickly answering “Facebook”, CNET reported on Friday.

“It’s the biggest news platform in the world. Most people in our country get their news — true or not from Facebook,” Clinton was quoted as saying.

In a bid to prevent foreign interference into elections, facebook has also begun labelling all political and issue ads in the us -- including a "paid for by" disclosure from the advertiser at the top of the advertisement.
Facebook CEO of Mark Zuckerberg Wikimedia commons

The former US presidential candidate was at Harvard on Friday receiving the Radcliffe Medal, which honours people who have “had a transformative impact on society”.

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Facebook is working to win back its users’ trust following a series of recent controversies, including the Cambridge Analytica scandal, in which data from as many as 87 million Facebook users was improperly shared with the political consultancy.

In a bid to prevent foreign interference into elections, Facebook has also begun labelling all political and issue ads in the US — including a “Paid for by” disclosure from the advertiser at the top of the advertisement.

Advertisers wanting to run ads with political content in the US will also need to verify their identity and location. (IANS)