Latest in Cambridge Analytica

Meta Platforms has agreed to pay a record $725 million to settle a class-action lawsuit brought by Facebook users who alleged that the company allowed third parties to access their personal data. The UK research firm Cambridge Analytica, whose clients included former president Donald Trump, was the…

The attorney general for the District of Columbia today sued Facebook for failing to protect its users’ data and for allowing an app developer to harvest the personal information of millions of users without their permission and sell it to a political consulting firm, Cambridge Analytica. The lawsuit filed by Karl…

Facebook, which is finishing up a year marred by user data scandals, says a “bug” allowed third-party apps to access up to 6.8 million users’ unposted photos for 12 days in September. From September 13 to September 25, a bug in the photo interface gave apps access to photos of users not just on their timelines but in…

In a year that saw a massive security breach that exposed the personal information of millions of users, and press revelations that threw shade on how its executives responded to foreign interference on its platform, Facebook offered a surprisingly sunny appraisal of 2018 in its year in review. Research manager Sheida…

Facebook’s “rigid and insular management style could lead to a long road to recovery” for the beleaguered social network, according to a new research note by Scott Devitt, an analyst at Stifel Financial. Devitt lowered his 12-month price target on the company’s stock to $150 from $186, but reiterated a “buy” rating on…

UPDATED with Facebook making memo public: Facebook has found its fall guy. The company’s outgoing head of public policy, Elliot Schrage, took the blame for the controversial decision to hire the Washington, D.C., opposition research firm that pushed negative narratives about competitors and sought to portray…

Despite calls from Facebook investors for an independent board chairman to provide better oversight of the embattled company, Mark Zuckerberg has no plans to surrender that position. The company co-founder and controlling shareholder told CNN directly: “That’s not the plan.” Zuckerberg also offered support for the…

Damaging revelations about how Facebook’s leaders mishandled Russian efforts to disrupt the 2016 American election are beginning to take a measurable toll, with the company’s stock plunging to a yearly low. The entire tech sector has been battered, with members of the FAANG group — Facebook, Apple, Amazon, Netflix and…

Facebook has launched into damage control following a publication of an exposé that highlighted delays, denials and deflection in the company’s handling of Russian interference on the social media platform ahead of the 2016 presidential election. The New York Times reported that Facebook CEO Mark Zuckerberg and COO She…

Reflecting the toll of a bruising news cycle, Facebook reported mixed third-quarter results, missing Wall Street estimates for revenue and monthly active users but easily beating profit forecasts. Net income of $1.76 per share climbed from $1.59 per share in the same quarter a year ago to cruise past the consensus…

Facebook has been fined £500,000 ($645,000) in the UK as a result of its role in the Cambridge Analytica scandal. The social media platform was fined by the UK's Information Commissioner's Office for the "serious" data breach, which affected over 80M users. The ICO's investigation found that as a result of Facebook…

Nick Clegg, the former deputy prime minister of the UK, is joining Facebook as its new head of global affairs and communications. The hire indicates the tech giant’s need to navigate choppy waters in terms of government regulation, especially in Europe, in the wake of several scandals over its manipulation of user…