Facebook has had a tumultuous year, to say the least. The social networking giant found itself mired in a series of controversies, including one involving the political consulting firm Cambridge Analytica. Under intense pressure, CEO Mark Zuckerberg testified at two Congressional hearings where he faced intense criticism over his company’s data privacy practices. Despite the unflattering attention, Facebook’s business continued to grow while its share price, which tumbled soon after the Cambridge Analytica scandal, recovered.
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"Yes, you have these abusive actors, but we get so much good from this product."
The deal comes after both companies appealed a $250 million ruling.
Raising funds for Tipping Point.
This is your Data Sheet newsletter for Monday, December 10, 2018.
Time for a real privacy law.