Facebook inc shares
Facebook spends $22.6m to keep Mark Zuckerberg safe
Zuckerberg has drawn a base salary of $1 for the past three years, and his “other” compensation was listed at $22.6 million, most of which was for his personal...
Graphic looking at controversies involving Facebook, plus share price since 2014.
Facebook said chief executive officer Mark Zuckerberg and chief operating sfficer Sheryl Sandberg were closely involved in the hiring process, and started talking to Clegg over the summer.
Facebook said in an email to Reuters that it was cooperating with the Federal Bureau of Investigation on this matter.
A WhatsApp employee familiar with dealing of the issue said there was no evidence that hackers actually exploited the bug to launch attacks.
Trump’s comments in an interview with Reuters come as the social media industry faces mounting scrutiny from Congress to police foreign propaganda.
The Messenger issue arose in Fresno, California, as part of an investigation of the MS-13 gang, one of the people said.
Facebook Watch launched in the United States a year ago with original series, news programs and user-created videos.
The company further warned that the toll would not be offset by revenue growth from emerging markets and Facebook’s Instagram app, which has been more immune from privacy concerns.
Zuckerberg said in January there was too much “sensationalism, misinformation and polarisation” in the world, and social media was making the problem worse.
The company will begin bankruptcy proceedings, it said, after losing clients and facing mounting legal fees resulting from the scandal.
The Cambridge Analytica scandal, affecting up to 87 million users and prompting several apologies from Chief Executive Mark Zuckerberg, generated calls for regulation.
Trillium Asset Management, which owns about 73,000 shares of Facebook Inc, said existing risk oversight structures at Facebook appeared to lack a “dedicated focus.”
US District Judge James Donato ruled in San Francisco federal court that a class action was the most efficient way to resolve the dispute over facial templates.
A Facebook spokesman said on Sunday that the company plans to begin telling affected users on Monday.
The company’s shares have sunk 16%, wiping more than $80 billion from its market value since 16 March, when the news broke of the use of its data by political consultancy Cambridge Analytica.
Facebook users, advertisers and investors have been in an uproar for months over a series of scandals.
The move would knock $23.8 billion off the social network’s market value of $538 billion as of Friday’s close and shares in other social media companies including Twitter Inc and Snap Inc also dipped.
Litigation over patent infringement is part of BlackBerry Chief Executive John Chen’s strategy for making money for the company.