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.
Looking for leads, investment insights, or competitive intelligence?
News about Facebook
Must-read business news, delivered every morning.
The reports were part of a 2011 settlement in an FTC case alleging Facebook deceived users on privacy issues.
This is your Data Sheet newsletter for Wednesday, April 17, 2019.
Facebook nominated PayPal executive Peggy Alford to the board. She is the former head of the Chan Zuckerberg Initiative.