Facebook Regulators Assessing Claims That It Shares Data …

FacebookThe main regulator in the European Union on Wednesday said it was evaluating a report in the New York Times that the social network allowed some technology companies away greater access to data of what he had revealed.

“We are aware of media reports and are currently assessing what steps are required, if any,” said a spokesman for Ireland’s Data Protection Commissioner, which is Facebook’s main European regulator because the headquarters European company is in Dublin.

FILE PHOTO: A 3D printed Facebook logo is seen in front of the cyber code shown in this illustration taken on March 22, 2016. REUTERS / Dado Ruvic / Illustration / File Photo

Facebook said so It did not give companies access to personal data. of users without their permission.

And amid concerns about its ability to safeguard user data, a government lawsuit was triggered, the fact that the social network plunged 7.25 percent, its biggest intraday drop since July, leading to losses. of the year to about 24 percent. Investors are concerned about legal and regulatory efforts on data usage policies that have upset many customers and could result in significant penalties and costs.

Washington, DC, Attorney General Karl Racine said the US capital city was suing Facebook, accusing it of misleading users because it had known about the incident for two years before releasing it.

In addition, it alleges that Facebook misled users by allowing various app creators they called partners to “override Facebook consumer privacy settings and access their information without their knowledge or consent.”

2018 has been an eventful year and here is our full list of Tales of the year ender.