Tuesday January 21, 2020
Home Lead Story US Probing Fa...

US Probing Facebook Data Deals With Tech Firms: Report

Facebook has phased out most of the partnerships over the past two years, The New York Times report said

0
//
Facebook, data, vietnam
This photo shows a Facebook app icon on a smartphone in New York. VOA

Facebook is facing criminal investigation in the US for the data deals it had entered into with smartphone makers and other technology giants, The New York Times reported.

A grand jury in New York has subpoenaed records from at least two smartphone makers that had entered into partnerships with the social media giant, said the report on Wednesday citing unnamed sources.

These two companies were among more than 150, including Amazon, Apple, Microsoft and Sony, that had cut sharing deals with Facebook, gaining broad access to the personal information of millions of its users.

Facebook earlier reportedly admitted that it had shared users’ data with embattled Chinese company Huawei along with three other China-based smartphone makers Lenovo, OPPO and TCL.

Facebook
Facebook, social media. Pixabay

These agreements allowed the companies to see users’ friends, contact information and other data, sometimes without consent.

Facebook has phased out most of the partnerships over the past two years, The New York Times report said.

Also Read- Tech Giant Google Releases Android Q Beta on Pixel Phones

“We are cooperating with investigators and take those probes seriously,” a Facebook spokesman was quoted as saying in a statement.

“We’ve provided public testimony, answered questions and pledged that we will continue to do so.” (IANS)

Next Story

Facebook Apps Helped EU Firms Generate 208 bn Euros in Sales

The study also found that female-founded businesses, in particular, credit social media with helping them to start and grow their businesses

0
Social Media, Facebook, Authenticity, Posts
The social media application, Facebook is displayed on Apple's App Store, July 30, 2019. VOA

Facebook apps have helped businesses in the European Union (EU) generate sales corresponding to an estimated 208 billion euros last year – resulting in nearly 3.1 million jobs, the social networking giant said in a new report.

According to Facebook, around 25 million businesses in the European Union, mostly small businesses, are using its services each month.

“Businesses said that using Facebook apps helped them generate an estimated 98 billion euros in exports last year. Of these exports, 58 billion euros are sales within the EU and 40 billion euros are sales to the rest of the world,” Nicola Mendelsohn, Vice-President for Europe, Middle East and Africa at Facebook, said on Monday.

To understand the true extent of Facebook’s impact on the European economy, the company commissioned a study by Copenhagen Economics, one of the leading economic firms in Europe. The study surveyed over 7,700 businesses across all industries and sizes in 15 countries.

“This shows the critical role social media plays in driving sales for businesses across Europe. This is particularly true for small and medium sized businesses,” Mendelsohn added.

Fake, News, WhatsApp, Facebook, India
The Facebook mobile app on an Android smartphone. Wikimedia Commons

Six in 10 companies said Facebook apps are important in lowering marketing costs and a similar number said Facebook apps are important in improving customer service.

“Six in 10 businesses using Facebook apps report them as helpful to enter markets, and 7 in 10 businesses using Facebook apps are exporting to other countries compared to 5 in 10 non-users,” the report mentioned.

Also Read: Skills Required To Become An Information Security Analyst

The study also found that female-founded businesses, in particular, credit social media with helping them to start and grow their businesses.

“Fifty-eight per cent of female-founded businesses surveyed said that Facebook apps are important for enabling them to start businesses, while 65 per cent said it helped grow their revenue,” said the report. (IANS)