data

Mark Zuckerberg broke his silence on the Cambridge Analytica scandal. He acknowledged mistakes by Facebook and pledged “to protect your data.”

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Facebook’s chief executive, Mark Zuckerberg, on Wednesday publicly addressed for the first time the misuse of data belonging to 50 million users of the social network and described the steps the company would take to safeguard the information of its more than two billion monthly users.

Although his statement addressing a chorus of criticism fell short of a full-throated apology, Mr. Zuckerberg said that Facebook would contact users whose data had been harvested through a personality quiz app and passed along to the political data firm Cambridge Analytica.

The world’s most valuable resource is no longer oil, but data

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A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft—look unstoppable. They are the five most valuable listed firms in the world. Their profits are surging: they collectively racked up over $25bn in net profit in the first quarter of 2017.

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Facebook wins dismissal of $15 billion users’ privacy suit

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Facebook, the world’s most popular social-networking service, has been scrutinized by regulators in the US and Europe over how it uses subscribers’ private information. Photo: AFP
San Francisco: Facebook Inc. won dismissal of a $15 billion lawsuit accusing the company of secretly tracking the Internet activity of its users after they log off.

4 Methods for Analyzing ‘Social Data’

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Editor’s Note: This article is authored by two BakerHostetler partners — an information governance practice leader and a new media, advertising, IT and privacy partner — and an associate. It is the second of a four-part series.

By Judy Selby, Alan Friel and Jenna Felz of BakerHostetler

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