Cambridge Analytica data breach could cost Facebook billions
Australia’s privacy watchdog is suing Facebook over the Cambridge Analytica data breach — which, back in 2018, became a global scandal that wiped billions off the tech giant’s share price, yet only led to Facebook being slapped around the chips with a wet bus ticket by US and UK watchdogs.
Wants to hire more than a thousand
Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering centre outside the United States after Britain leaves the European Union.
Impulse buy prices
The 32GB Oculus Go will now cost $149 in the US, a reduction of $50 from its original $199 launch price.
The spooks were using spyware
A team of European law enforcement officials was hot on the trail of a potential terror plot in October, fearing an attack during Christmas season, when their keyhole into a suspect's phone went dark.
Liberate Oculus and Portal
Facebook doesn't want its hardware like Oculus and Portal to be at the mercy of Google because they rely on its Android operating system.
That will hack off the US
In a move which will hack off its new US overlords, the UK is to create a Big Tech watchdog to monitor technology after Brexit is completed.
Follow the anti-trust rules or be regulated
Australia said technology giants such as Facebook and Google will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them.
US senators pummeled Apple and Facebook executives over their encryption and threatened to regulate the technology unless the companies make encrypted user data accessible to coppers and spooks.
Libra ban likely
Private digital currencies like Facebook’s Libra should not be allowed in the European Union until the risks they could pose are clearly addressed, EU finance ministers agreed.