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Facebook has been stealing all your personal data and disclosing it with 3rd party without your permission.In 2014, Facebook bought WhatsApp for $16 billion, making its co-founders — Jan Koum and Brian Acton — very wealthy men. Koum continues to lead the company, but Acton quit earlier this year to start his own foundation. And he isn’t done merely with WhatsApp — in a post on Twitter today, Acton told his followers to delete Facebook.
“It is time,” Acton wrote, adding the hashtag #deletefacebook. Acton, who is worth $6.5 billion, did not immediately respond to a request for comment. WhatsApp declined to comment. It was unclear whether Acton’s feelings about Facebook extend to his own app. But last month, Acton invested $50 million into Signal, an independent alternative to WhatsApp.
The tweet came after a bruising five-day period for Facebook that has seen regulators swarm and its stock price plunge following concerns over data privacy in the wake of revelations about Cambridge Analytica’s misuse of user data. Acton is not the first former Facebook executive to express unease about the company after leaving it. Last year, former head of growth Chamath Palihapitiya caused a firestorm after saying “we have created tools that are ripping apart the social fabric of how society works.” Other former executives to express regrets include Sean Parker, Justin Rosenstein, and investor Roger McNamee.
1. Facebook has been fined €110m (£94m) by the EU for providing misleading information about its 2014 takeover of WhatsApp.
The European commission stressed the latest fine was unrelated to national antitrust inquiries. The German cartel office is investigating whether Facebook is abusing its dominant position by failing to inform people about how their personal data is being used. Investigations are also under way in Belgium, the Netherlands and Spain. Read more in source.
2. US fines Facebook $5 billion for privacy violations
Facebook was fined $5 billion (€4.49 billion) by US federal regulators on Wednesday for privacy violations. It is the largest ever fine levied by the Federal Trade Commission on a tech company, which recorded nearly $56 billion in revenue last year. "Despite repeated promises to its billions of users worldwide that they could control how their personal information is shared, Facebook undermined consumers' choices," FTC Chairman Joe Simons said in a
statement on the decision.
Link to permanently Delete your Facebook account below.
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