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Facebook to create privacy panel, pay $5 billion to US to settle allegations

David Shepardson, Reuters
Updated as of Jul 24 07:34 AM

WASHINGTON - The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.   Read more »

US announces antitrust review of Big Tech firms

Agence France-Presse
Posted at Jul 24 06:48 AM

The United States on Tuesday announced it would begin an antitrust review of major online platforms to determine if they have "stifled" innovation or reduced competition.   Read more »

Facebook to fix kids app flaw allowing chats with strangers

Agence France-Presse
Posted at Jul 24 03:16 AM

Facebook acknowledged Tuesday that a flaw in its Messenger Kids service allowed children get into group chats with people who were not approved by their parents. Read more »

Instagram expands test of hidden like counts to 6 more countries

Mariel Padilla, The New York Times
Posted at Jul 19 12:28 PM

Instagram users will still be able to see who liked someone else’s post or viewed their video, but there won’t be a tally Read more »

FaceApp lets you 'age' a photo by decades. Does it also violate your privacy?

Niraj Chokshi, New York Times
Updated as of Jul 18 09:55 AM

A range of celebrities had been using FaceApp’s age filter to modify photographs of themselves and provide realistic glimpses of what they could look like decades in the future. Read more »

G7 finance chiefs pour cold water on Facebook's digital coin plans

Leigh Thomas and Michael Nienaber
Posted at Jul 18 08:35 AM

The massive social media company's plan to launch a digital coin has met with a chorus from regulators, central bankers and governments saying it must respect anti-money-laundering rules and ensure the security of transactions and user data. Read more »

Outage strikes Facebook services worldwide

ABS-CBN News
Updated as of Jul 18 07:11 AM

MANILA—Facebook users in several parts of the world reported the social media site was inaccessible early Thursday (Manila time). Read more »

France, Germany worried over new Facebook currency

Agence France-Presse
Posted at Jul 18 02:15 AM

CHANTILLY, FRANCE - The finance ministers of France and Germany on Wednesday expressed serious reservations about Facebook's planned Libra cryptocurrency because of its possible impact on global financial stability. Read more »

US senators warn of 'trust' gap over Facebook digital currency

Rob Lever, Agence France-Presse
Posted at Jul 17 07:41 AM

US senators Tuesday questioned whether Facebook can be trusted to manage its proposed Libra digital currency in the first public hearing into the plan on Tuesday.   Read more »

Kind netizens gift couple who lost child, home with grand wedding

Christopher Mahidlawon Mahilum, ABS-CBN News
Updated as of Jul 19 05:03 PM

A collective act of kindness that will restore your faith in humanity. Read more »

Facebook needs 'very high standard' for Libra coin: US Treasury

Rob Lever, Agence France-Presse
Posted at Jul 16 06:45 AM

Facebook must meet "a very high standard" before it moves ahead with its planned digital currency Libra, US Treasury Secretary Steven Mnuchin said Monday.   Read more »

Facebook's Libra currency under fire

Kevin Trublet, Agence France-Presse
Posted at Jul 14 10:59 AM

Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces skepticism among the wider cryptocurrency community as well. Read more »

Meeh...meeh dating! Larawan ng 'poging' kambing nag-viral

ABS-CBN News
Posted at Jul 13 02:30 PM

Agaw-atensiyon ngayon sa social media ang mga litrato ng isang kambing na kaakit-akit ang itsura sa Perak sa bansang Malaysia.    Read more »

$5-billion US fine set for Facebook on privacy probe: report

Agence France-Presse
Posted at Jul 13 09:53 AM

WASHINGTON, United States - US regulators have approved a $5-billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday. Read more »

Parokya ni Edgar regains control of 'hacked' FB page

ABS-CBN News
Posted at Jul 12 09:12 PM

Filipino band Parokya ni Edgar has regained control of their Facebook page, six weeks after it was "hacked" and started sharing sexually explicit videos to its nearly 5 million followers. Read more »

Fake news fact-checks hobbled by low reach, study shows

Alissa de Carbonnel, Reuters
Posted at Jul 11 11:58 PM

The EU has called on Facebook and other platforms to invest more in fact-checking, but a new study shows those efforts may rarely reach the communities worst affected by fake news. Read more »

Trump escalates war on social media at White House 'summit'

Rob Lever, Agence France-Presse
Posted at Jul 11 10:24 PM

Trump invited conservative activists who have been curbed or banned on social media to press his argument that big social networks are discriminating against conservatives, notwithstanding his large online following.   Read more »

France passes law taxing digital giants in defiance of US anger

Hazel Ward, Agence France-Presse
Posted at Jul 11 09:36 PM

France on Thursday became the first major economy to impose a tax on digital giants, with parliament passing the legislation in defiance of a probe ordered by President Donald Trump that could trigger reprisal tariffs. Read more »

Netizens help out in wedding of Cebu couple who lost baby, home weeks apart

Donna Lavares, ABS-CBN News
Posted at Jul 11 02:18 PM

Netizens have come together to help with the wedding of a couple who recently lost one of their twins to sepsis. Read more »

US Fed calls for Facebook to halt Libra project until concerns addressed

Pete Schroeder and Trevor Hunnicutt, Reuters
Updated as of Jul 11 08:04 AM

WASHINGTON - US Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.   Read more »