Published: Fri, April 27, 2018
Sci-tech | By Spencer Schmidt

Facebook reaches 2.2 billion users despite #deletefacebook movement

Facebook reaches 2.2 billion users despite #deletefacebook movement

Schroepfer said that Facebook had demanded that the 87m records collected were deleted, but the breach was not reported to regulators. Daily users in the United States and Canada were 185 million, recovering after a dip in the final quarter of 2017.

Mr Schroepfer promised to make political advertising far more transparent in the future but admitted that there was now no way for people to opt out of it entirely.

The allegations against Cambridge Analytica have heightened concerns over whether the data of Facebook users was then used to try and influence the outcome of the 2016 USA presidential election and the U.K.'s referendumto leave the European Union, which it denies.

Facebook shares closed lower in the US Wednesday but are poised to open in the green Thursday, after the social media site's first-quarter earnings came in stronger than expected.

"There are a number of challenges you've raised and we need to do better", he said, but added that, for people outside the political mainstream, the combination of Facebook pages and advertising on the platform is "a powerful tool of free speech".

"I will report back", Schroepfer said. Revenue was up 49 percent year-over-year to $11.97 billion, beating analysts estimates of $11.41 billion. Vanguard Group Inc. raised its stake in shares of Facebook by 3.3% during the 2nd quarter.

London, Apr 26 Facebook today said that it would be extending a raft of measures to allow its users to identify the source of political adverts that appear in their feed to Britain next year.

Ex-employees of Cambridge Analytica say the company used that data from millions of users to help Donald Trump's 2016 presidential election campaign.

Facebook's chief operating officer Sheryl Sandberg reiterated that a handful of advertisers had paused their spending but the company hadn't witnessed a major trend.

The bigger concern may be negative impact from new privacy regulation, starting with a sweeping new data protection law set to take effect in Europe next month.

Lucas questioned whether Facebook had integrity, to which the executive responded: "It hurts when we make mistakes". But he said Facebook doesn't "really see a doomsday scenario here".

"Mark Zuckerberg's right-hand man, whom we were assured could represent his views, today failed to answer many specific and detailed questions about Facebook's business practices", said committee chair Damian Collins. Zuckerberg previously testified for about 10 hours before Congress this month.

"Beyond the investments, we're making to secure our platform, we're going to invest even more in building the experiences that bring people together on Facebook in the first place", Mark said.

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