Facebook sued by Australian data watchdog over Cambridge Analytica scandal March 9, 2020 The Australian Information Commissioner (OAIC) is suing Facebook over alleged privacy breaches related to the Cambridge Analytica scandal. In a case filed with the Federal Court today, the watchdog alleged that the personal data of more than 300,000 Australian Facebook users had been exposed to be sold and used for purposes including political profiling. The [...]
Let’s celebrate female business success March 5, 2020 I was lucky to grow up around strong women who ran their own businesses. My grandma ran a haberdashery business and my mum still runs a catering firm. Entrepreneurialism surrounded me, and I got to see how rewarding it can be — not just for the people who set up businesses, but for their families, [...]
City Pages: Behind the scenes at Facebook, the secret lives of extremists and a Silicon Valley memoir March 1, 2020 Facebook: The Inside Story by Steven Levy Review by Emily Nicolle In the past four years, Facebook founder Mark Zuckerberg’s world has been turned upside down. From a simple social media platform he created while studying at Harvard university first blossomed a networking supersite, that later became a regulatory and ethical data minefield which holds [...]
Facebook and Google ad revenue to surpass TV for first time February 27, 2020 Brands are set to splash out more advertising dollars on tech titans Facebook and Google than the entire global TV sector this year, according to figures released today. Advertising revenue for Facebook and Google parent company Alphabet is forecast to reach $231.9bn (£185bn) in 2020, according to industry body Warc. TV ad spend is set [...]
Online harms laws will not harm free speech, vows Ofcom boss February 27, 2020 The rollout of new laws to tackle so-called online harms will not lead to censorship or damage free speech, a top Ofcom executive has said. Earlier this month the government said it would appoint Ofcom as Britain’s first internet watchdog, tasked with crackdown down on illegal and harmful material on social media sites. The beefed-up [...]
When it comes to influencer fraud, the buck stops with Facebook February 24, 2020 Influencer fraud is one of the biggest headaches facing marketers today. As an industry, influencer marketing was worth an estimated £6bn last year, and is forecast to reach £12bn by 2022. Its breakneck growth is largely due to the parallel rise in fortunes of social media giant Instagram. The Facebook-owned platform is home to most [...]
France warns of tech tax chaos if global deal not reached this year February 23, 2020 Failure to reach a global agreement on how to tax tech giants such as Google and Facebook would lead to a chaotic mix of different tax regimes, France’s finance minister has warned. Bruno Le Maire today called on international leaders to reach a consensus over tax reform by the end of the year or risk [...]
Mark Zuckerberg ‘accepts’ Facebook may have to pay more tax in Europe February 14, 2020 Facebook boss Mark Zuckerberg says he recognises that tech giants may to have pay more tax in Europe in future. The social media giant’s founder said he understood the “frustration” surrounding the issue and backed plans from think tank, Organisation for Economic Co-operation and Development, to find a global solution. Facebook and other tech giants [...]
UK competition watchdog to push for tighter controls on US tech giants February 3, 2020 The UK’s competition watchdog will push for tougher powers to regulate companies such as Google and Facebook following the UK’s official departure from the EU, and will pursue antitrust investigations against tech giants independently of the bloc. “The upside [Brexit] is that you take back control — genuinely — of the decisions,” Competition and Markets [...]
As Vodafone quits, who’s left at Facebook’s Libra project? January 22, 2020 Vodafone has withdrawn from the organisation overseeing Facebook’s efforts to launch its Libra digital currency, making it the latest in a string of big companies to abandon the project. Facebook’s Libra project has faced intense scrutiny from regulators and politicians across the world over the social media giant’s plans for the launch of the stablecoin [...]