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Facebook Nominates Alford To Board As Two Other Execs Step Down

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Bloomberg reported that before joining PayPal in March as senior vice president of core markets, Alford served as chief financial officer and head of operations for the Chan Zuckerberg Initiative, the nonprofit foundation of the social media giant’s CEO Mark Zuckerberg and his wife, Priscilla Chan.

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Facebook Could Pay $100M To Settle SEC Investigation

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In 2011, Facebook and the FTC reached a consent decree in regards to protecting user privacy. The new case was over whether the social media firm violated that decree not. . The FTC voted 3-2 in favor of a settlement with Facebook, and the case went to the Justice Department’s civil division to be reviewed.

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Unprecedented Facebook Data-Sharing Plan Takes Off After Privacy Delays 

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The Electronic Privacy Information Center said in a 2018 letter that the sharing violated Europe’s data-privacy law and Facebook’s obligations under its 2011 Federal Trade Commission (FTC) consent decree. . The urgency of this research cannot be overstated,” King and Persily said on Social Science One’s website last April. “We

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U.S. Regulators Eye ‘Record’ Facebook Fine For Privacy Violations

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Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. Other data privacy issues have been reported beyond that linkup. million paid by Google in 2012.

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Five Key Takeaways From Poshmark’s IPO Filing 

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Social media-focused clothing reseller Poshmark became the latest platform company to file for an initial public offering (IPO) this week, hoping to catch an IPO wave that saw big first-day pops recently for Airbnb and DoorDash. We created Poshmark in 2011 to make buying and selling simple, social and fun.

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New York AG To Launch Investigation Into Facebook

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The New York State Attorney General (AG) is reportedly launching an investigation into social media giant Facebook , focusing on the its past practice of collecting more than 1.5 million email address books of users. The one-time fine stems from the agency’s investigation into Facebook’s privacy practices.

New York 100
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FTC: Facebook Lied To Users About Authentication, Facial Recognition

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As part of a 2011 FTC consent decree, Facebook allowed continuous privacy checkups by PricewaterhouseCoopers LLP. Analysts pointed out that it’s clear Facebook has struggled with privacy issues since 2011, and so they expect the social media giant to agree with tightened oversight.