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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This is your Data Sheet newsletter for Monday, July 16, 2018.
The social network says it closed the loophole that exposed group members' personal information.
Despite suffering through what could be charitably described as a turbulent year.
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The fine is small by Facebook's standards, but the maximum that was possible.