Zuckerberg became one of just eight centi-billionaires in the summer of last year following Facebook’s launch of an Instagram feature to compete with TikTok in the US.
According to data from Bloomberg, Zuckerberg is now the fifth wealthiest person on the planet, with a net worth of $113 billion. That’s equivalent to more than 0.5% of the United States’ annual GDP.
Facebook stock is up more than 12% this year, even with Zuckerberg’s sales, amid a bull run for equities.
Analysts also continue to be mostly bullish about the social media giant’s prospects. Facebook boasts 39 “buy” ratings, nine “neutral” ratings, and just two “sell” ratings from analysts.
Deutsche Bank analysts, led by Lloyd Walmsley, tagged Facebook with a “buy” rating and a $385 price target at the end of March, arguing the company is set to benefit from its e-commerce push and an increasing appetite for advertising amid the economic reopening.
The company has also recently moved toward the digital currency space with plans to launch a trial of its new digital currency, Diem, later this year.
Facebook attempted a move into digital currencies before with Libra, but regulators and critics squashed the effort.
Many said that the ruling was only the beginning of the fight against institutional racism, and urged more action.
The CEOs of Apple and Dell shared quotes by civil-rights activist Martin Luther King Jr., while Zoom CEO Eric Yuan urged his staff to take care of their mental health.
Chauvin, a Minneapolis police officer at the time, knelt on Floyd’s neck for more than nine minutes during an arrest. Chauvin was found guilty of second-degree murder, third-degree murder, and manslaughter.
Melinda Gates, chair of the Bill and Melinda Gates Foundation.
Melinda Gates, who chairs the Bill and Melinda Gates Foundation alongside husband Bill Gates, posted on LinkedIn that the verdict was “just the beginning.”
“As important as it was, this verdict was not justice,” she said. “If George Floyd had justice, he would be alive today.”
The Business Roundtable
The Business Roundtable, a group representing the CEOs of top US companies including Walmart, P&G, Dow, and PayPal, urged the country to “take steps to address its long history of racial inequity in law enforcement.”
“Though today’s verdict is a step toward justice in this case, unarmed Black men and women continue to die in encounters with the police,” it said.
General Motors CEO Mary Barra
General Motors CEO Mary Barra said that the verdict was a “step in the fight against bias and injustice,” but that “we must remain determined to drive meaningful, deliberate change on a broad scale.”
Walgreens Boots Alliance posted statement on its website, saying that law enforcement officials must protect “all of us, at all times.”
People need to “pledge to do everything within our power to ensure that long-overdue, much-needed reforms are enacted to prevent future injustices,” the company said.
“Even with a verdict now handed down, we must never forget what this past year has taught us, and we must always keep alive the memory of George Floyd, and the countless victims who have suffered similar fates,” it said.
“The Centers for Disease Control has declared racism a public health threat, and for many African Americans and others in communities of color, it has definitely been life threatening,” it added.
Microsoft President Brad Smith
Microsoft President Brad Smith said that “our nation has a long journey ahead before it establishes the justice and equity that Black Americans deserve.”
He added that “no jury can bring him back to life or reverse the pain and trauma experienced by his family and still felt across the country and around the world,” but that the verdict was “a step forward in acknowledging painful truths.”
Salesforce tweeted that though the verdict was a “defining and important moment,” it “does not make up for so much loss and injustice experienced by the Black community.”
“George Floyd should be alive today,” it added.
Starbucks CEO Kevin Johnson
In a letter to US partners, Starbucks CEO Kevin Johnson said that the verdict would “not soothe the intense grief, fatigue and frustration so many of our Black and African American partners are feeling.”
He said that, “while today’s verdict is a step forward in accountability, until we confront the ugly realities and root causes of what led us to this day, our people, our nation, will always fall short of their full potential.”
“We cannot sit on the sidelines as individuals nor as a company,” he added.
Zoom CEO Eric Yuan
Zoom CEO Eric Yuan said that Tuesday was “meaningful in the pursuit of justice, although Black communities continue to experience targeted acts of violence.”
In an note to staff, Zoom told employees to take care of their mental health and reach out to managers if they needed support.
Twitter urged people to “continue to deepen our solidarity and our commitment to combating racial injustice.”
Facebook is planning to launch a slate of audio-based tools in coming months as it strives to capture the growing hype around Clubhouse and other social-audio platforms.
CEO Mark Zuckerberg took to the platform Discord on Monday to share – in an audio-only chat room – that the company is introducing new tools allowing Facebook users to interact with audio content and creators to produce it. The new tools, as first reported by Vox, include a live-audio chat feature akin to Clubhouse, the buzzy audio-chat app in talks for a funding round that would value the company at $4 billion.
In addition to these Clubhouse-like “Live Audio Rooms,” Facebook will also debut a new format for users to share content. The feature, called “Soundbites,” will eventually allow all users create and share short audio clips, which Facebook says can be used for “for capturing anecdotes, jokes, moments of inspiration, poems, and many other things we haven’t yet imagined.” The new tool draws early similarities to the voice tweets capability Twitter debuted last summer.
With Monday’s announcement, Facebook has laid out the groundwork for its vision to invest in “social audio,” the newest trend in social media in which new platforms have found success and interest. The most obvious success story is Clubhouse, the invite-only app that launched just over a year ago and found immediate success during the coronavirus pandemic and its effects on everyday social interaction. The app’s immediate popularity has brought the company more than $300 million in investments, and has spurred similar features from Twitter, Slack, Discord, LinkedIn, and Spotify (through its acquisition of Locker Room).
Still, Zuckerberg tried to pivot much of the news of the new products to Facebook’s creator audio tools, which he said would continue to “empower” users to create content.
“There are a lot of people who have something that’s really interesting they want to share. We want to make it so people can produce things they’re proud of easily with just a phone,” Zuckerberg said. “We’re building the product to give you an audio studio or recorder in your pocket.”
Facebook also announced Monday it would soon bring podcasts to the platform as part of its investment into audio content. Users will be able to discover and listen to podcasts directly on the Facebook app like they would on Apple Podcast or Stitcher. Zuckerberg also stressed that this new feature would benefit podcasters and creators by giving them access to a bigger audience. Podcasting has become a billion-dollar industry, with companies like Spotify investing big in the space, but Facebook is seemingly late to the game.
Facebook has gained the notorious role of copying new features and ideas from its competitors, the most notable example being its own version of Snapchat’s ephemeral Stories. Such accusations have also come from US lawmakers, who also have an ongoing antitrust investigation into the company. News that Facebook was first working on a Clubhouse-like feature came in February, just five days after Zuckerberg spoke as a guest on Clubhouse.
At the same time, Zuckerberg is richer than he’s ever been. Last summer, after Facebook launched an Instagram feature to compete with TikTok in the US, Zuckerberg’s personal net worth reached over $100 million for the first time.
Despite his status as one of the richest tech moguls, the 36-year-old Harvard dropout leads a low-key lifestyle with his wife, Priscilla Chan, and their two young daughters.
Like many other Silicon Valley stalwarts, Zuckerberg doesn’t dress in flashy suits – he keeps things simple in jeans, t-shirts, and sweaters. But they’re reportedly much more expensive than they look, retailing for hundreds, and even thousands, of dollars.
There’s one thing Zuckerberg doesn’t seem to mind splurging on: real estate. In May 2011, he bought a 5,000-square-foot home in Palo Alto for $7 million. He’s since tricked it out with a “custom-made artificially intelligent assistant.”
He also owns a townhouse in the Mission District of San Francisco. He bought the 5,500-square-foot home in 2013 and proceeded to make over $1 million in renovations, including adding a greenhouse and remodeling the kitchen.
In 2014, the billionaire’s real-estate portfolio jumped the Pacific when he spent $100 million on two properties on the island of Kauai: the Kahu’aina Plantation, a 357-acre former sugarcane plantation, and Pila’a Beach, a 393-acre property with a white-sand beach.
But the couple’s presence in Hawaii has drawn backlash over the years: In 2016, Zuckerberg angered neighbors by constructing a 6-foot wall around his property, and in 2017, Zuckerberg filed suit against Hawaiian families who had legal-ownership claims on parcels of land within his property. Though he dropped the suit, residents accused him of “neocolonialism.”
Zuckerberg has also shelled out for two lakefront properties on Lake Tahoe, which cost a combined $59 million. One of the houses, called the Brushwood Estate, spans 5,233 square feet on six acres of land. The property features a guest house and a private dock.
Zuckerberg doesn’t appear to travel much for pleasure. But when he traverses the globe for work, Facebook foots the bill: Security for Zuckerberg and his family cost the company $23 million in 2020, according to the company’s most recent proxy statement.
But ultimately, opulence and luxury are just a blip on Zuckerberg’s radar. In fact, his main priority seems to be giving his money away, rather than spending it.
Zuckerberg has signed onto the Giving Pledge, joining Bill Gates, Warren Buffett, and over 200 other millionaires and billionaires who have vowed to donate the majority of their wealth to philanthropy. He plans to sell 99% of his Facebook shares during his lifetime.
The Chan Zuckerberg Initiative is a philanthropic organization Zuckerberg founded with his wife in 2015 focused on “personalized learning, curing disease, connecting people, and building strong communities.” CZI has awarded roughly $2 billion in grants over the years.
CZI is invested in tackling both local and global issues. In 2020, for example, the organization poured $4.2 million into a jobs program for residents of Kauai and committed $1 million to help the region battle the coronavirus. CZI has also contributed millions in the last year to causes like criminal justice reform and affordable housing.
Zuckerberg and Chan have also poured billions into research focused on curing the world’s diseases by the end of the century. In order to accomplish this lofty goal, the Chan Zuckerberg Initiative launched a nonprofit called Biohub to start looking into the cure for disease, including research on genomics, infectious diseases, and implantable devices.
Zuckerberg believes that Biohub will help speed up research to cure disease, telling The New Yorker in 2018 that “we’ll basically have been able to manage or cure all of the major things that people suffer from and die from today. Based on the data that we already see, it seems like there’s a reasonable shot.”
Last August, the launch of a new Instagram feature designed to compete with TikTok sent both the company’s share price and Zuckerberg’s net worth to new heights. The move caused Zuckerberg’s net worth to exceed $100 million for the first time, making him one of only a few centi-billionaires on Earth. These days, he’s worth $114 billion.
Facebook CEO Mark Zuckerberg’s two lieutenants got a big pay day for their work around last year’s election: COO Sheryl Sandberg and CFO David Wehner got just shy of $1 million in bonus compensation for the second half of 2020.
Those bonuses, awarded at 110%, were at least partially tied to “election integrity efforts in connection with the U.S. 2020 elections,” according to an SEC filing from the company first spotted by The Information.
Ahead of the November 2020 elections, Facebook rolled out a number of measures intended to curb misinformation and promote voting.
The company added labels to all posts about voting that came from federal elected officials and candidates, it paused political ad buying for months, and opened an information center intended to inform users about voting laws. Those efforts were apparently considered a success if the bonus payouts are any indication.
In the years following the 2016 US presidential election, Facebook struggled with how to moderate speech and advertising from politicians and political campaigns.
CEO Mark Zuckerberg has remained steadfast in his argument that political advertising is equivalent to political speech, and that political speech shouldn’t be moderated by the social media giant.
“In a democracy it’s really important that people can see for themselves what politicians are saying so they can make their own judgments,” Zuckerberg said in a late 2019 interview with CBS This Morning cohost Gayle King. “I don’t think that a private company should be censoring politicians or news.”
Following the 2020 US election, as former President Donald Trump repeatedly insisted that the election had been “stolen” and Trump supporters stormed the US Capitol building, Facebook took the unprecedented step of outright banning Trump from its platforms.
“The shocking events of the last 24 hours clearly demonstrate that President Donald Trump intends to use his remaining time in office to undermine the peaceful and lawful transition of power to his elected successor, Joe Biden,” Zuckerberg said in January. “The risks of allowing the President to continue to use our service during this period are simply too great.”
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A Muslim advocacy group this week sued Facebook for failing to curtail hate speech, part of tech’s broader problem stopping Islamophobic speech.
Civil rights group Muslim Advocates filed a suit against Facebook and four company executives in the District of Columbia Superior Court for lying to Congress about moderating hate speech.
Facebook executives have told Congress of their commitment to removing content that violate policies, including COO Sheryl Sandberg’s assertion to the Senate Intelligence Committee on Facebook and Foreign Influence that “when content violates our policies, we will take it down.”
Yet Muslim Advocates said the organization presented Facebook with a list of 26 groups that spread anti-Muslim hate in 2017, yet 19 of them are still active.
The suit claims Facebook allowed a man threatening to kill Congresswoman Ilhan Omar to post “violent and racist content for years,” and that the company failed to remove a group called “Death to Murdering Islamic Muslim Cult Members” even after Elon University Professor Megan Squire brought it to Facebook’s attention.
“We do not allow hate speech on Facebook and regularly work with experts, non-profits, and stakeholders to help make sure Facebook is a safe place for everyone, recognizing anti-Muslim rhetoric can take different forms,” a Facebook spokesperson said in a statement to Insider. “We have invested in AI technologies to take down hate speech, and we proactively detect 97 percent of what we remove.”
In 2018, Facebook CEO Mark Zuckerberg testified to Congress that the platform’s can fail to police hate speech due to its artificial intelligence. Hate speech has nuance that can be tricky for AI to identify and remove, especially in different languages, Zuckerberg said.
Zuckerberg once again addressed questions about moderation and automation at a March 2021 congressional hearing about misinformation. His testimony about how content moderation needs to take into consideration “nuances,” like when advocates make counterarguments against hateful hashtags, seemed at odds with Facebook’s admitted reliance on AI to do the job of moderating hate speech.
Peter Romer-Friedman, a principal at Gupta Wessler PLLC who helped file the suit and the former counsel to Sen. Edward M. Kennedy, said Congress cannot adequately oversee corporations that misrepresent facts to lawmakers.
Romer-Friedman said Facebook’s failure to remove a group that claimed “Islam is a disease” – which directly violates the company’s hate speech policies that prohibits “dehumanizing speech including…reference or comparison to filth, bacteria, disease, or feces” – is an example where the firm did not follow through on its promise to Congress to quell hate speech.
“It’s become all too common for corporate execs to come to Washington and not tell the truth, and that harms the ability of Congress to understand the problem and fairly regulate businesses that are inherently unsafe,” Romer-Friedman told Insider.
How Facebook and other tech firms are failing to address anti-Muslim hate speech
The suit highlight’s tech firms’ ongoing problem responding to anti-Muslim content online.
Rep. Omar, the first congressperson to wear a hijab or Muslim headscarf, called on Twitter to address the death threats she receives. “Yo @Twitter this is unacceptable!” she said in 2019.
An analysis by the Social Science Research Council analyzed more than 100,000 tweets directed at Muslim candidates running for office in 2018, and found Twitter was responsible “for the spread of images and words from a small number of influential voices to a national and international audience,” per The Washington Post.
The spread of anti-Muslim content extends far beyond Facebook and Twitter:
TikTok apologized to a 17-year-old user for suspending her account condemning China’s mass crackdown on Uighur Muslims.
Instagram banned Laura Loomer, a “proud Islamophobe,” years after Uber and Lyft banned her for a series of anti-Muslim tweets following a terror attack in New York.
Sanaa Ansari, a staff attorney with Muslim Advocates, said there’s been “clear evidence” of incitement to violence against Muslims potentially due to unchecked hate speech on social media. In 2019, 16-minute livestream of a gunman attacking two mosques and killing 51 people in New Zealand was uploaded to Facebook and spread quickly to Youtube, Instagram, and Twitter.
“There have been multiple calls to arms to Muslims, there have been organized events by anti-Muslim supremacists and militias who have organized marches, protests at mosques in this country,” Ansari told Insider in an interview. “And that’s just the tip of the iceberg.”
Facebook, Instagram, and WhatsApp appear to be experiencing outages that are preventing many users from accessing the platforms.
Reports on DownDetector surged after 5 p.m. ET, with users of all three social media platforms noticing outages. A total of 23 reports on DownDetector were issued for Facebook at 5:08 p.m., two reports under its baseline of 25, but that number jumped to 18,120 at 5:23 p.m., indicating the issue wasn’t isolated.
Facebook owns both Instagram and WhatsApp.
“Sorry, something went wrong,” read the generic Facebook error message seen by many. “We’re working on getting this fixed as soon as we can.”
Instagram and WhatsApp show a similar trend on the outage-tracking website. A total of 49 Instagram reports at 5:04 p.m. ET, 18 reports over its baseline of 31, quickly became 10,330 at 5:19 p.m. ET.
Instagram has resorted to other platforms in order to address user concerns. The photo-sharing platform confirmed the outages in a tweet saying, “Is your #instagramdown? We know some people are having issues right now. We’re working on it and hope to have everything running smoothly as soon as possible.”
WhatsApp saw four Downdetector reports at 5:05 p.m., which jumped to 69 at 5:20 p.m. and then to 424 at 5:35 p.m. The messaging service has a baseline of three reports.
Spokespeople for Facebook, Instagram, and WhatsApp did not immediately respond to Insider’s request for comment on the outage reports.
The long-standing feud between Mark Zuckerberg and Tim Cook appears to be raging on.
The two tech titans have been feuding since at least 2014, trading barbs over each other’s products and business models. But in recent months, their battle has escalated to public jabs, pointed ad campaigns, and even a possible legal dispute: The Information reported in January that Facebook is preparing an antitrust lawsuit against Apple, alleging that Apple put a choke-hold on third-party app developers.
Here’s when the grudge began, and everything that’s happened since.
The feud between Zuckerberg and Cook became public in 2014, when Cook lambasted Facebook’s business model.
During the interview — which took place in the weeks following the infamous leaks of multiple female celebrities’ nude photos stored on their iCloud accounts — Cook espoused Apple’s commitment to privacy while denouncing the business models of companies like Google and Facebook.
“I think everyone has to ask, how do companies make their money? Follow the money,” Cook said. “And if they’re making money mainly by collecting gobs of personal data, I think you have a right to be worried. And you should really understand what’s happening to that data.”
Shortly after, Cook reiterated his stance in an open letter on Apple’s dedicated privacy site.
“A few years ago, users of Internet services began to realize that when an online service is free, you’re not the customer. You’re the product,” Cook wrote.
Cook’s comments rankled Zuckerberg, who called the claims “ridiculous” and blasted Apple products as being expensive.
“A frustration I have is that a lot of people increasingly seem to equate an advertising business model with somehow being out of alignment with your customers,” Zuckerberg told Time’s Lev Grossman. “I think it’s the most ridiculous concept. What, you think because you’re paying Apple that you’re somehow in alignment with them? If you were in alignment with them, then they’d make their products a lot cheaper!”
Their squabble came to a head following the Cambridge Analytica scandal when Cook criticized Facebook’s actions.
In 2018, a whistleblower revealed that consulting firm Cambridge Analytica harvested user data without consent from 50 million users.
Cook responded: “What would I do? I wouldn’t be in this situation.”
Cook said that Facebook should have regulated itself when it came to user data, but that “I think we’re beyond that here.” He also doubled down on his stance that Facebook considers its users its product.
“The truth is, we could make a ton of money if we monetized our customer — if our customer was our product,” Cook said. “We’ve elected not to do that.”
Zuckerberg hit back, calling Cook’s comments “extremely glib.”
“You know, I find that argument, that if you’re not paying that somehow we can’t care about you, to be extremely glib. And not at all aligned with the truth,” Zuckerberg said during an interview on The Ezra Klein Show podcast.
He refuted the idea that Facebook isn’t focused on serving people and once again criticized the premium Apple places on its products.
“I think it’s important that we don’t all get Stockholm Syndrome and let the companies that work hard to charge you more convince you that they actually care more about you,” he said. “Because that sounds ridiculous to me.”
Privately, Zuckerberg was reportedly outraged by Cook’s remarks – so much so that he ordered his employees to switch to Android devices.
In November 2018, The New York Times published a blockbuster report detailing the fallout from the Cambridge Analytica scandal. The Times reported that Cook’s comments had “infuriated” Zuckerberg, who ordered employees on his management team who used iPhones to switch to Android.
Soon after the report published, Facebook wrote a blog post refuting some of the reporting by The Times — but not the Zuckerberg-Cook feud.
“Tim Cook has consistently criticized our business model and Mark has been equally clear he disagrees. So there’s been no need to employ anyone else to do this for us,” Facebook wrote. “And we’ve long encouraged our employees and executives to use Android because it is the most popular operating system in the world.”
In August 2020, Zuckerberg jumped in the fray as Apple faced criticism over its App Store policies.
During a company-wide meeting, Zuckerberg openly criticized Apple, saying it has a “unique stranglehold as a gatekeeper on what gets on phones,” according to a report from BuzzFeed News.
Zuckerberg also said that the App Store blocks innovation and competition and “allows Apple to charge monopoly rents,” BuzzFeed reported.
Apple’s latest software update has been angering Facebook since it was announced, as Facebook says the new privacy features could destroy part of its business.
In the latest version if Apple’s smartphone operating system, iOS, iPhone app developers will need to ask permission from users in order to collect and track their data. While this will affect any company who makes iOS apps, it will have a direct impact on Facebook’s advertising business: It uses data tracking to dictate which ads are served to users.
In an August blog post, Facebook said it may be forced to shut down Audience Network for iOS, a tool that personalizes ads in third-party apps.
“This is not a change we want to make, but unfortunately Apple’s updates to iOS 14 have forced this decision,” Facebook said.
In the new ads, Facebook is arguing that the changes will hurt small businesses who advertise on Facebook’s platform.
“Without personalized ads, Facebook data shows that the average small business advertiser stands to see a cut of over 60% in their sales for every dollar they spend,” the ad reads, which was posted by Twitter user Dave Stangis.
And Facebook is reportedly working on a lawsuit of its own that alleges Apple has abused its power in the app marketplace.
According to a report from The Information, Facebook is preparing a lawsuit claiming that Apple has forced app developers to follow a different set of rules than Apple-made apps, such as requiring developers to use an in-app payments system, of which Apple takes a cut.
Facebook has reportedly been working on the case for several months and has considered inviting other companies to join the suit.
Zuckerberg also lashed out at Apple during Facebook’s fourth-quarter earnings call, saying the company frequently interferes with how Facebook’s apps work.
When discussing Facebook’s suite of messaging apps during the conference call, Zuckerberg made a clear dig at Apple, saying the iPhone-maker made “misleading” privacy claims.
“Now Apple recently released so-called nutrition labels, which focused largely on metadata that apps collect rather than the privacy and security of people’s actual messages, but iMessage stores non-end-to-end encrypted backups of your messages by default unless you disable iCloud,” Zuckerberg said.
Zuckerberg went on to describe Apple as “one of our biggest competitors” and said that because Apple is increasingly relying on services to fuel its business, it “has every incentive to use their dominant platform position to interfere with how our apps and other apps work, which they regularly do to preference their own.”
“This impacts the growth of millions of businesses around the world,” he added.
But Cook hasn’t backed down from his view that Facebook’s business model of harvesting user data and selling it to advertisers is harmful to consumers.
During a speech at the European Computers, Privacy and Data Protection Conference, Cook discussed business models that prioritize user engagement and rely on user data to make money. Though he didn’t mention Facebook by name, Cook made several references that alluded to the platform.
“At a moment of rampant disinformation and conspiracy theories juiced by algorithms, we can no longer turn a blind eye to a theory of technology that says all engagement is good engagement — the longer the better — and all with the goal of collecting as much data as possible,” Cook said.
Facebook has launched another ad campaign aimed at proving the need for personalized advertising amid its ongoing battle with Apple.
“Every business starts with an idea, and being able to share that idea through personalized ads is a game changer for small businesses,” Facebook said in a blog post announcing the theme. “Limiting the use of personalized ads would take away a vital growth engine for businesses.”
The new campaign is Facebook’s latest effort to highlight the value of personalized ads ahead of Apple’s privacy crackdown — the new feature is expected to roll out this spring, and Facebook warned during its most recent earnings that it could begin affecting its business as early as the first quarter of 2021.
Cook called Facebook’s objections to the privacy update “flimsy arguments” during an interview with The New York Times.
During a podcast interview with The Times’ Kara Swisher, Cook said that he believes society is in a privacy crisis and that he’s been “shocked” that there’s been pushback to the new feature to this degree.
“We know these things are flimsy arguments,” Cook told The Times. “I think that you can do digital advertising and make money from digital advertising without tracking people when they don’t know they’re being tracked.”
Cook also said he doesn’t view Facebook as a competitor, contrary to what Zuckerberg has said.
“Oh, I think that we compete in some things,” Cook said. “But no, if I may ask who our biggest competitor are, they would not be listed. We’re not in the social networking business.”
Multiple outlets reported the claims about Zuckerberg’s leaked personal information. Data including his name, location, and marriage details, birth date, and Facebook user ID was exposed, The Sun stated.
Insider’s Aaron Holmes had previously reported on the leak, which involved the personal information of more than 500 million Facebook users being posted in the forum.
Cyber researcher, Dave Walker, said Zuckerberg, as well as Facebook Inc’s co-founder, Chris Hughes, and Dustin Moskovitz, were among the 533 million users who had personal data posted on the forum.
“Regarding the #FacebookLeak, of the 533M people in the leak – the irony is that Mark Zuckerberg is regrettably included in the leak as well,” Walker tweeted.
When Insider contacted Facebook on Sunday, a spokesperson said: “This is old data that was previously reported on in 2019. We found and fixed this issue in August 2019.” They did not comment on the reports about Zuckerberg’s information.
Holmes reported, however, that the posting of the entire dataset on the hacking forum for free could now make it widely available to anyone with rudimentary data skills. His report quoted Alon Gal, CTO of cybercrime intelligence firm Hudson Rock, who first discovered the entire trough of leaked data online on Saturday.
Previous Facebook privacy breaches include the much-publicized Cambridge Analytica saga. In that incident, personal data from over 87 million Facebook users was improperly obtained by the political data-analytics firm.
Facebook was hit with a $5 billion fine from the Federal Trade Commission as part of a settlement over claims the company mishandled user data.
The company has vowed to clamp down on data breaches. In a post on its website in the wake of the Cambridge Analytica revelations, it said it would take action on potential past abuse and putting stronger protections in place to prevent future abuse.
After losing its chip manufacturing edge, Intel has been stuck in a business-model identity crisis. Should it split its manufacturing and design operations? Should it produce chips for other companies? Should it outsource its own production? Intel CEO Pat Gelisinger, just one month in the top job, gave his answer on Tuesday: Yes to all of the above!
Intel will double down on chip manufacturing, pouring $20 billion to build two new fabs in Arizona. The fabs will produce the most advanced chips for Intel, and for outside customers – a shrewd move that allows Intel to benefit from US and European anxieties about dependence on China, and to (eventually) tap into all the new chip buyers that have created today’s shortages.
Perhaps unconsciously, Nadella channeled his predecessor former Microsoft CEO Steve Ballmer. “Creation, creation, creation” he told Bloomberg in an interview last month, describing his view that internet creators will drive growth in the cloud business. Nadella’s phrasing, if not his delivery, was reminiscent of Ballmer’s meme-famous war chant from two decades ago of “Developers, Developers, Developers!”
WeWork’s SPAC Shaq attack. The office space sharing business has only gotten uglier in the 18 months since WeWork scrapped its IPO, with the pandemic turning downtown business centers into ghosttowns. But WeWork will get its public listing after all, thanks to the SPAC boom. The company will merge with BowX Acquisition Corp, a blank-check company that counts basketball legend Shaquille O’Neal as an advisor, in a deal that values WeWork at $9 billion – about one quarter of its $47 billion valuation in 2019.
Better than Zoom. Coronavirus vaccines have put the end of lockdowns in sight. But for those who’ve decided they actually enjoy staying indoors, the cloisered life won’t have to mean taking a vow of celibacy according to London-based Raspberry Dream Labs. The company is developing a virtual reality set up that delivers sounds, visuals and scents, as well as haptic pulses that provide a sense of being touched. Pandemic or not, the company believes the future of intimacy is remote.
“I don’t think we can expect that any platform will find every instance of harmful content. I think we should hold the platforms to be responsible for building generally effective systems of moderating this content.”
– Facebook CEO Mark Zuckerberg at Thursday’s Congressional hearing responding to a question about whether he should personally be held liable for damages caused by misinformation on Facebook.