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Sheryl Sandberg, Facebook COO testifies during a Senate (Select) Intelligence Committee hearing where they testified on the influence of foreign operations on social media on September 5, 2018.
Facebook COO Sheryl Sandberg acknowledged on Sunday that the embattled social media giant “understands the deep responsibilities we have,” as it strives to earn back users’ trust following months of controversies over user privacy protection and data sharing.
DLD conference in Munich. “We need to stop abuse more quickly and we need to do better to protect people’s data. We have acknowledged our mistakes.”
The public backlash really erupted last year when Facebook was accused of misusing its users’ personal information, amid after reports found political consultant agency Cambridge Analytica tapped millions of Facebook users without their explicit consent.
Following the reports in March, the FTC launched an investigation into the company’s data practices. Now, the FTC is reportedly considering a imposing a “record-setting fine” against the social media company.
On Sunday, Sandberg outlined five things Facebook is doing as it “reflects and learns.” Those steps include: Investing in safety and security; protecting against election interference; cracking down on fake accounts and fake information; making sure people feel like they control their own information; and increasing transparency at Facebook, she said.
“Speaking for Mark [Zuckerberg], for myself and for everyone at Facebook, we are more determined than ever to keep people safe. And we are taking strong actions to do it,” she said, referring to the company’s founder and CEO.
Facebook shares have fallen about 16 percent over the past 12 months.
from Just News Viral http://bit.ly/2W81evh
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