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Facebook is courting publishers with multi-million dollar deals to launch its news tab this fall

Aug09
by on August 9, 2019 at 6:00 am
Posted In: Around the Web


Facebook is keen to become a major news distributor again, after being lambasted for years over its role in aiding the spread of misinformation. A report from the Wall Street Journal last night indicated that the social network is offering major publications multi-million dollar deals to bring them on board its upcoming news service. The report noted the company’s offer as much as $3 million to some publications; it has already had some discussions with ABC News, Bloomberg, Dow Jones, and the Washington Post. Hours later, the social network confirmed to CNBC that it’s launching a dedicated news tab this fall.…

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Facebook might be fined billions after losing facial recognition lawsuit

Aug09
by on August 9, 2019 at 5:11 am
Posted In: Around the Web


Facebook — inarguably the world’s largest facial database — has a lost a federal appeal in a class-action lawsuit that claimed it illegally collected and stored biometric data of millions of users without their consent. The lawsuit began in 2015 when Illinois-based Facebook users sued the company for violating the state’s Biometric Information Privacy Act (BIPA), which mandates that companies develop a public “written policy” before such data is collected and stored, and establish a retention schedule after which the said biometric identifiers will be destroyed. Facebook’s contravention stems from its “Tag Suggestions” feature that lets you automatically tag your friends in…

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