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Facebook ‘overpaid in data settlement to avoid naming Zuckerberg’

Facebook ‘overpaid in data settlement to avoid naming Zuckerberg’

Mark ZuckerbergFacebook ‘overpaid in data settlement to avoid naming Zuckerberg’Lawsuit alleges settlement in Cambridge Analytica case driven by desire to protect founder Dan Milmo Global technology editorFri 24 Sep 2021 11.12 EDTLast modified on Fri 24 Sep 2021 11.39 EDTFacebook paid $4.9bn more than necessary to the US Federal Trade Commission in a settlement over the Cambridge Analytica scandal in order to protect Mark Zuckerberg, a lawsuit has claimed.The lawsuit alleges that the size of the $5bn settlement was driven by a desire to protect Facebook’s founder and chief executive from being named in the FTC complaint.Facebook was fined by the FTC in 2019 for “deceiving” users about its ability to keep personal information private, after a year-long investigation into the Cambridge Analytica data breach, where a UK analysis firm harvested millions of Facebook profiles of US voters.“Zuckerberg, [chief operating officer Sheryl] Sandberg, and other Facebook directors agreed to authorise a multibillion settlement with the FTC as an express quid pro quo to protect Zuckerberg from being named in the FTC’s complaint, made subject to personal liability, or even required to sit for a deposition,” said the shareholder lawsuit filed in Delaware last month but made public this week.The suit quotes a commissioner on the FTC, Rohit Chopra, who said the government “essentially traded getting more money, so that an individual did not have to submit to sworn testimony and I just think that’s fundamentally wrong”.The lawsuit claims that the settlement …

Universal Music chief predicts billions of dollars of growth from digital listening

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Universal Music chief predicts billions of dollars of growth from digital listening

Universal MusicUniversal Music chief predicts billions of dollars of growth from digital listeningRecord firm’s €40bn flotation is just beginning of new wave of music consumption, says Sir Lucian Grainge ‘Ruthless but good ears’: key architect of music industry revival Mark Sweney@ …

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Ethiopia starts building local rival to Facebook

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Ethiopia starts building local rival to Facebook Government wants its own social media platform to replace Facebook, Twitter, WhatsApp and Zoom Ethiopia has begun developing its own social media platform to rival Facebook, Twitter and WhatsApp, though it does not plan to block the global services, the state communications security agency has said. For the […]

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Facebook shut down our research into its role in spreading disinformation | Laura Edelson and Damon McCoy

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Facebook Facebook is obstructing our work on disinformation. Other researchers could be next Laura Edelson and Damon McCoy The company’s hostility to academic scrutiny limits our ability to understand how the platform amplifies political falsehoods Sat 14 Aug 2021 06.00 EDT Last week, Facebook disabled our personal accounts, obstructing the research we lead at New […]

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Ad men sacked to improve gender pay gap win sex discrimination claim

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AdvertisingAd men sacked to improve gender pay gap win sex discrimination claimLondon tribunal rules men axed after director vowed to ‘obliterate’ J Walter Thompson’s reputation of ‘being full of white men’ Rupert Neate@

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