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NAS:FB, May 22, 03:43 UTC

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Facebook's ex-security chief says Mark Zuckerberg should hire a new CEO

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CNBC21 May 2019, 19:26 GMT. Former Facebook security chief Alex Stamos said on Tuesday that Mark Zuckerberg should hire a new CEO and turn his focus to building products. "He needs to give up some of that power. If I was him, I would go hire a new CEO for the company." Stamos even offered a specific suggestion: Microsoft President Brad Smith. Stamos knows something about the issues plaguing the company — he was among the first people at Facebook to discover Russians were using the social network to interfere with the 2016 election. Since the departure in March of Chief Product Officer Chris Cox, Zuckerberg has been effectively acting as Facebook's product head, Stamos said, adding that he should keep his attention there and hand over the lead role.

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Firm at centre of Instagram breach denies storing personal details

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A report by US website TechCrunch claimed personal contact information for a number of influencers and brands had been found on a server which was unprotected, and potentially accessible by anyone. Mumbai-based Chtrbox said the database was “inadvertently exposed for approximately 72 hours”, and claimed it was not holding any personal data on users. “This database did not include any sensitive personal data and only contained information available from the public domain, or self-reported by influencers,” the company said in a statement. Facebook has been at the centre of several data scandals involving the third-party use or mishandling of personal user data, most notably the Cambridge Analytica incident in 2018.

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'Junk news' gets massive engagement on Facebook ahead of EU elections, study finds

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'Junk news' gets massive engagement on Facebook ahead of EU elections, study finds. Misleading news stories from doubtful sources drew in as much engagement on Facebook as articles from legitimate sources in the run up to European elections, according to a study from Oxford University. "On Facebook, junk news outlets tended to receive more engagement per story, but are seen, shared, and liked by far less people overall," academics at the university wrote in a research paper. "Most viral junk news stories in our data set revolved around controversial political issues such as immigration and security rather than focusing directly on European politics."

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Putting Facebook Under the Microscope Is Good News for FB Stock

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Facebook (NASDAQ:FB) stock is allegedly having a tough time recruiting people to come work at the company. CNBC recently reported that it’s spoken with more than half a dozen recruiters who’ve left Facebook in 2019 about the difficult questions potential job applicants are asking the company. Going to work at Facebook if privacy is sacrosanct to your beliefs is like an animal lover going to work at Canada Goose (NYSE:GOOS) or an environmentalist taking a job at Exxon Mobil (NYSE:XOM). Betray people’s trust and you are going to get put under the microscope. However, owners of FB stock shouldn’t view the alleged inability of Facebook to attract the best talent as a problem.

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Instagram influencer data discovered online

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A database of personal information on millions of Instagram influencers has been discovered online. According to US site TechCrunch, which first reported the incident, the database contained more than 49 million records, including private contact information such as an Instagram account owners’ email address and phone number. The report said the majority of accounts belonged to influencers, celebrities and brands, and was traced to an Indian marketing company called Chtrbox. Facebook has been at the centre of several data scandals involving the third-party use or mishandling of personal user data, most notably the Cambridge Analytica incident in 2018.

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Eventbrite and Facebook announce partnership

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You may be missing content or you might need to enable the original module. Eventbrite and Facebook announce partnership. Submitted by Martin Fullard on Tue, 05/21/2019 - 11:06. Eventbrite and Facebook have announced the launch of Ticketing on Facebook, powered by Eventbrite — a platform-based offering from Eventbrite that brings new ticketing functionality to Facebook. Tickets will be prominently displayed on the Facebook Event page, giving attendees the ability to not just indicate their interest in attending, but to fulfill that interest by purchasing paid tickets or registering for non-paid events, without ever having to leave Facebook. “700m people use Facebook Events each month and partnering on this initiative is our effort to better serve the people responsible for bringing those events and gatherings to life—including small businesses and entrepreneurs whose core business is not throwing events.”.

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Monday, May 20


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Schaper Benz & Wise Investment Counsel Position In Facebook (FB) Was Lifted; Highline Capital Management Decreased Its Boyd Gaming (BYD) Holding by $7.78 Million

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The hedge fund held 2.17 million shares of the hotels and resorts company at the end of 2018Q4, valued at $45.11M, down from 2.56M at the end of the previous reported quarter. It has underperformed by 9.24% the S&P500. Some Historical FB News: 18/05/2018 – MEDIA-Facebook seeks multilingual staff for a new center monitoring harmful content – El Pais; 03/05/2018 – Facebook will be ‘a better place’ now that it’s tightening restrictions, say F8 attendees; 28/03/2018 – Consumer Groups to Zuckerberg: Stop Electioneering; Let Jimmy Carter Monitor Facebook; 15/03/2018 – Once Amazon moves into Vietnam, it will compete with a million people selling goods through Facebook; 01/05/2018 – NIGERIA’S BUHARI COMMENTS IN STATEMENT ON HIS FACEBOOK PAGE; 19/03/2018 – Sen. Ron Wyden: Wyden Questions Facebook on Misuse of Users’ Private Information; 14/03/2018 – Facebook has long touted its commitment to news, establishing the Facebook Journalism Project and last month announcing a partnership with local news outlets to improve subscription bases; 21/03/2018 – Read Mark Zuckerberg’s full statement on Facebook’s privacy scandal Zuckerberg has finally broken his silence; 24/04/2018 – Facebook earnings mean Facebook gets to talk about something besides Cambridge Analytica; 24/04/2018 – Inside Facebook’s content clean-up operation. Analysts await Boyd Gaming Corporation (NYSE:BYD) to report earnings on July, 25. After $0.43 actual EPS reported by Boyd Gaming Corporation for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

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Coordinated anti-Trump campaign emerges on Instagram: study

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ROME (Reuters) - Accounts tagged 'hatetrump' and 'ihatetrump' are part of a coordinated campaign to undermine U.S. President Donald Trump that has emerged on social media site Instagram, an independent study has revealed. Malign online attacks against Trump's opponents have been well documented, most notably in the 2016 presidential election campaign, when Russian trolls allegedly flooded social media sites to undermine the Democratic challenger Hillary Clinton. They know what they are doing." Some of the accounts appeared to have broken Instagram's rules, the study said, for example by using pictures stolen from other people or by acting in tandem with other accounts to spew out vitriolic messages. A spokesperson for Instagram told Reuters: "We are investigating the accounts in question and have already removed those that we've found to violate our policies. Accounts used to manipulate or mislead the public are not allowed on Instagram and we will take action if we find additional violations." An independent report released last December by the U.S. Senate Intelligence Committee said the Russian government's Internet Research Agency created some 133 Instagram accounts in the 2016 U.S. presidential campaign and used them to try foster distrust in the U.S. political system.

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How Yelp and Facebook’s Advertiser Bases Compare

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Here Are Yelp’s Challenges and Opportunities Going Forward(Continued from Prior Part)192,000 advertisers versus 7.0 million advertisersIn Yelp’s (YELP) pursuit of advertising revenue, Facebook (FB) is one of the powerful forces the company is.

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Change UK and Brexit Party lead spending on Facebook election ads

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Change UK and the Brexit Party have spent more on Facebook advertising than any other party in the lead-up to the European elections, new figures show. Data from the social media network showed Change UK – formerly known as The Independent Group – spent a total of £107,442 on the platform in the 30 days from April 19. The party was behind Facebook itself, which spent £86,457 on adverts assuring the public that it was taking action on misinformation. Many of the Brexit Party adverts specifically targeted people whose MPs have called for another Brexit vote, with a picture of the MP and the words: “Your MP wants a second referendum.

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