Cambridge Analytica

The FTC has approved a fine of $5 Bn against Facebook for privacy-related issues

Facebook has accepted the fine, which is yet to be given final approval

The company recently made changes to its terms of services ahead of the fine

The company has made updates to its terms of service

The updated terms of service will come into effect from July 31, 2019

Step is a result of company’s discussions with European Consumer Protection Cooperation Network

Facebook promises new form factors for the device by year-end

Portal was launched in 2018, the device’s starting price is $129

The device has been under controversy due to its data collection policy

Wipro is one of the companies contracted to label user-generated content

Facebook said it prioritises the privacy of users even when labelling content

As many as 260 third-party workers scan through user content on Facebook

Facebook is being investigated by the US FTC for the Cambridge Analytica Scandal of 2018

The company has reported a 51% drop in its revenue as compared to Q1 FY18

Social networking platform reported 1.56 Bn daily active users on its platform

Ford is closing down the services of shuttle startup Chariot

Cambridge Analytica parent company SCL Elections to pay a fine to UK govt

Samsung predicts lower sales for its fourth quarter in FY18

Ajit Mohan will be aligning teams and driving Facebook’s overall strategy in India

Mohan is expected to join Facebook early next year

His LinkedIn profile still says he's the CEO of Hotstar and it’s not clear whether he’s still with the company or has left

In July, the central government had asked the CBI to investigate Facebook-Cambridge Analytica data breach scandal

Facebook shared the data of more than 87 Mn users, including 5.62 Lakh Indian users, with Cambridge Analytica

The CBI registered a preliminary enquiry (PE) against Cambridge Analytica for alleged data theft

• Facebook has reportedly not been included in the CBI’s preliminary enquiry
• Facebook is accused of letting Cambridge Analytica (CA) mine 5.62 Lakh Indian users’ data
• The investigation was ordered after CA reportedly didn’t respond to notices issued by the Indian Govt

The Centre has asked media platforms to work with Indian govt officials to receive grievances in real time

Social media platforms have to ensure they don't promote hatred, terrorism, money laundering, mob violence etc

Google, Facebook, Government have been working to combat fake news

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Facebook Had Apologised And Made Assurances Of Data Safety In Response To The Government's Second Letter On The Matter