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The UK Parliament's Facebook document dump is close to creating serious legaltrouble for the social network
The release of the Federal Reserve's meeting minutes Wednesday will be a focal point this week.
The report urged a compulsory code of ethics for technology companies to deal with harmful or illegal content on their sites. Large sections of the report were devoted to criticism of Facebook, which it said had intentionally and knowingly violated both privacy and anticompetition laws in how it handled user data and tried to stifle competitors. It follows a monthslong inquiry into tech companies and issues of privacy, misinformation and the power of their platforms in the wake of the scandal involving the data-analytics firm Cambridge Analytica’s access to Facebook users’ information.
Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, MPs said on Monday. In a damning report that singled out Facebook chief executive Mark Zuckerberg for what it said was a failure of leadership and personal responsibility, the UK parliament's Digital, Culture, Media and Sport Committee said the companies had proved ineffective in stopping harmful content and disinformation on their platforms. "The guiding principle of the 'move fast and break things' culture often seems to be that it is better to apologise than ask permission," committee chairman Damian Collins said.
Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, British lawmakers said on Monday. In a damning report that singled out Facebook chief executive Mark Zuckerberg for what it said was a failure of leadership and personal responsibility, the UK parliament's Digital, Culture, Media and Sport Committee said the companies had proved ineffective in stopping harmful content and disinformation on their platforms. "The guiding principle of the 'move fast and break things' culture often seems to be that it is better to apologize than ask permission," committee chairman Damian Collins said.
Damian Collins, the policy maker who spearheaded the inquiry, called for Parliament to create new laws to help a proposed regulator oversee the industry, with fines for companies to be calculated based on their revenue. “Companies like Facebook exercise massive market power which enables them to make money by bullying the smaller technology companies and developers who rely on this platform to reach their customers,” Collins said in a statement Monday.
Many tech companies pay stock dividends to their shareholders, but the parent company of Google isn't one of them—despite pressure from investors.
With marijuana headed for legalization in Canada, these penny stocks offer direct exposure and could help you get a piece of the pot.
Cash App is free for individuals to download and use, which leaves many people wondering how Square makes money from it.
The consensus: Indonesia’s rupiah will trump India’s rupee. Opinion polls show Indonesian President Joko Widodo is set to win the April 17 vote, while Indian Prime Minister Narendra Modi’s position appears less secure following regional defeats for his party late last year. “The rupiah offers a better risk-reward for investors than the rupee,” said Rainer Michael Preiss, an executive director at Taurus Wealth Advisors Pte. in Singapore.
Ahead of the next round of earnings from Intel, take a trip behind the label to discover how the PC giant got to where it is today.
The jury awarded $100 million in punitive damages and the rest in compensatory damages after finding on Friday that the 1998 Ford Explorer did not meet Ford's own safety guidelines and that Ford "acted wantonly" in designing the vehicle, according to a court document seen by Reuters and lawyers for plaintiff Travaris "Tre" Smith. Ford said it plans to appeal.
Here's what Jim Cramer's watching for when Canopy Growth reports after the bell Thursday.
Microsoft, Cisco and Walmart hit buy zones Friday. But the Dow Jones stocks share some flaws. Walmart earnings are due Tuesday.
Let's get to know this wireless chip maker.
This marijuana stock is simply the best in the business.
Cryptocurrency mining is painstaking, expensive, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849.
, shaming the company for pulling out of a plan to build another headquarters in Long Island City. "This is an example of an abuse corporate power -- they had an agreement with the people of New York City," said de Blasio during an interview on NBC News' Meet the Press Sunday.
After years without a challenge, the company is seeing its graphic processors meet a new wave of competition. That could spell bad news for investors.
Microsoft Tries To Break Out