Monday November 18, 2019
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Italian Regulators Fine Facebook 10 mn Euros

Facebook Italy recently agreed to "make a payment of more than 100 million euros" to end a fiscal fraud dispute with Italian authorities

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Facebook
Facebook testing 'LOL' app to woo kids, experts wary. Pixabay

Italian regulators have fined Facebook 10 million euros for selling users’ data without informing them.

The competition watchdog handed Facebook two fines totalling 10 million euros, “also for discouraging users from trying to limit how the company shares their data”, Italian portal The Local reported on Saturday.

Facebook “misleadingly gets people to sign up… without informing them in an immediate and adequate way of how the data they will provide will be harvested for commercial purposes”, read a statement from Italy’s AGCM consumer and market watchdog.

The authority has directed Facebook to publish an apology to users on its website and on its app.

Reacting to this, a Facebook spokesperson said they are reviewing the authority’s decision.

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

“We hope to work with them to resolve their concerns. This year we made our terms and policies clearer to help people understand how we use data and how our business works,” the spokesperson was quoted as saying.

“We also made our privacy settings easier to find and use, and we’re continuing to improve them. You own and control your personal information on Facebook,” the statement said.

Facebook Italy recently agreed to “make a payment of more than 100 million euros” to end a fiscal fraud dispute with Italian authorities.

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Ireland’s Data Protection Commission (DPC), which is Facebook’s lead privacy regulator in Europe, in October opened a formal investigation into the fresh Facebook data breach which affected 50 million users, that could result in a fine of $1.63 billion.

“The investigation will examine Facebook’s compliance with its obligation under the General Data Protection Regulation (GDPR) to implement appropriate technical and organisational measures to ensure the security and safeguarding of the personal data it processes,” said DPC. (IANS)

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Wikipedia Co-founder Launching Social Media Website “WT: Social”

Wikipedia co-founder Jimmy Wales is launching a social-media website named "WT: Social" which will compete Facebook and Twitter

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Wikipedia co-founder Jimmy Wales
Wikipedia co-founder Jimmy Wales is launching a social media website names "WT: Social". Pixabay

Intended to get right what Facebook and Twitter have so far been getting wrong, Wikipedia co-founder Jimmy Wales is launching a social-media website named “WT: Social” which will compete with both the social media platforms.

Instead of going for an ad-funded model, Wales aims to finance it through donations, just like Wikipedia.

Like those platforms, WT:Social will let users share articles. But WT:Social will be funded by donations, rather than advertising.

Wikipedia, Social Media
Like other social media platforms,Wikipedia’s WT:Social will let users share articles. Pixabay

“The business model of social media companies, of pure advertising, is problematic. It turns out the huge winner is low-quality content,” Wales was quoted as saying by Financial Times, according to an Engadget report.

It started as Wikitribune — a site that published original news stories with the community fact-checking and sub-editing articles. The venture never gained much traction, so Wales is moving it to the new platform with a more social networking focus.

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WT:Social will be free to join, but at the moment, you either have to sign up for a waitlist, donate or invite friends. Just a month old, it already has 50,000 users, the Engadget report added. (IANS)