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In August 2007 the code used to generate Facebook's home and search page as visitors browse the site was accidentally made public. [3] [4] A configuration problem on a Facebook server caused the PHP code to be displayed instead of the web page the code should have created, raising concerns about how secure private data on the site was.
Lane vs. Facebook was a class-action lawsuit in the United States District Court for the Northern District of California regarding internet privacy and social media. [1] In December 2007, Facebook launched Beacon, which resulted in users' private information being posted on Facebook without the users' consent.
Beacon created considerable controversy soon after it was launched, due to privacy concerns. On November 20, 2007, civic action group MoveOn.org created a Facebook group and online petition demanding that Facebook not publish their activity from other websites without explicit permission from the user.
The use of Facebook can have negative psychological and physiological effects [8] that include feelings of sexual jealousy, [9][10] stress, [11][12] lack of attention, [13] and social media addiction that in some cases is comparable to drug addiction. [14][15] Facebook's operations have also received coverage.
On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion. [76] However, Microsoft bought preferred stock that carried special rights, such as "liquidation preferences" that meant Microsoft would get paid before common stockholders if the ...
Facebook, Inc. On May 18, 2016, Matthew Campbell filed a lawsuit against Facebook for allegedly scanning private messages for marketing purposes, which violates federal privacy laws. Facebook argued that multiple private messages are scanned at once and that the URL data is anonymous and only used in a combined form.
Facebook Inc. reported revenue that beat Wall Street estimates on Wednesday, showing the largest social-media company's advertising business is weathering scrutiny over a series of privacy scandals.
Wired, The New York Times, and The Observer reported that the data-set had included information on 50 million Facebook users. [35] [36] While Cambridge Analytica claimed it had only collected 30 million Facebook user profiles, [37] Facebook later confirmed that it actually had data on potentially over 87 million users, [38] with 70.6 million of those people from the United States. [39]