Facebook tightens issue ads, political ads to prevent election interference

1.1M Filipinos among 87M Facebook profiles illegally obtained in Cambridge Analytica scandal

Facebook Inc (FB.O) said on Friday that it had suspended Canadian political consultancy AggregateIQ from its platform after reports that the data firm may have improperly had access to the personal data of Facebook users.

Reps. Greg Walden, R-Ore., and Frank Pallone, D-N.J., said the House Energy and Commerce Committee hearing will focus on the Facebook's "use and protection of user data".

"We suspect that looking back a year from now, if not sooner, this episode will have been a uniquely compelling buying opportunity in the mega-cap internet space", Deutsche Bank analysts said.

Facebook had previously stopped short of backing the legislation, saying it wanted to work with lawmakers further and announcing attempts at self-regulation. A spokesperson told the organisation that the "only possible option is an expiration timer" users can set on messages.

Techcrunch first reported the message deletion scandal, where several sources claimed that they had messages from Zuckerberg and other Facebook executives mysteriously disappear from their inbox.

Mumbai: Facebook will not allow political ads (advertisements) on its platform until the identity of the advertiser is verified and the entity paying for the message is mentioned, the social media giant has announced, in a bid to improve its transparency and accountability around political campaigns.

According to the statement by Facebook, the company is continuing to cooperate with investigations by regulatory authorities. The thing is, Zuckerberg and Facebook executives deleted messages from regular, private conversations with users, so some are uneasy that they were deleted without notice or discretion. It has not specified what number of followers would trigger the requirement.

Cripps, Moosman lead Carbon Softball to Dominating Win
Graham's two-run homer to left field tacked on two more runs for a 4-0 lead, her third home run of the season. Hannah Hendrickson drove in two runs, and Aubrey Biederman had two hits and a walk and drove in a run.

Moscow has denied the allegations. Those who manage large pages that do not clear the process will no longer be able to post, it said, adding that this will make it much harder for people to administer a page using a fake account.

"Today's updates are created to prevent future abuse in elections", said Facebook ad executives Rob Goldman and Alex Himel in a separate post.

London-based Cambridge Analytica, which has counted U.S. President Donald Trump's 2016 campaign among its clients, said on Wednesday on Twitter that it had received no more than 30 million records from a researcher it hired to collect data about people on Facebook.

The legislation would also require online platforms to make "all reasonable efforts" to ensure that foreign nationals and entities are not buying political ads to influence the United States electorate.

Facebook says the new labeling will appear on ads later this Spring.

In addition, the 87 million users who might have had their data shared with Cambridge Analytica will get a more detailed message informing them of this. But Christopher Wylie - the firm's former director of research, turned whistleblower - can't say how the data was used. For example, in 2014, it reduced access outside apps had to user data.

Zuckerberg said the company detected the problem in a data-privacy audit started after the Cambridge Analytica disclosures, but didn't say why the company hadn't noticed it - or fixed it - earlier.

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