Categories Consumer, Technology, U.S. Markets News

Facebook acts tough as Russia-linked groups pose perennial challenge

After a tumultuous year marked by a series of scandals and allegations, Facebook (FB) is leaving no stone unturned to regain its faltering credibility. Over the past several months, the social media firm has been on a mission to clean up its platform, as CEO Mark Zuckerberg had promised the lawmakers last year.

The political ramifications of the privacy breach scandal involving British data mining firm Cambridge Analytica and the growing concerns about data security had a huge impact on Facebook’s valuation, and the company lost about a quarter of its market share in the last twelve months.

Continuing the crackdown against Russia-based organizations that use the platform for fraudulent activities Facebook Thursday removed about 300 fake pages launched by Sputnik, a news agency having links to Kremlin. The fake pages and accounts, which were used for spreading propaganda and misleading the people, were followed by several thousands of users.

Facebook Thursday removed about 300 fake pages launched by Sputnik, a news agency having links to Kremlin

The operations of the news network, which created the fake pages, were spread across Eurasia, according to Facebook’s management. Meanwhile, Sputnik reportedly condemned the action terming it a politically-motivated move that is akin to censorship. Worryingly, the manipulation of information – publishing fake news on Facebook targeting select groups – had helped its perpetrators to influence voters during the presidential poll and control the outcome of the election.

With the fake news campaigners finding new ways to have their job done, a lot more needs to be done to put an end to the menace. It is high time Facebook learned a lesson from the many slips-up in the past, wherein sensitive user data went into the hands of third-party entities.

Facebook stock gains after JPMorgan predicts strong turnaround this year

Last year, the company had detected a suspicious network of groups and pages that spent a sizable amount on advertising – also linked to the Russian authorities – and purged them based on an alert issued by the federal government. It had also deleted scores of suspicious accounts just before the midterm polls in November last year after they behaved in an inauthentic manner.

Ensuring the authenticity of users and veracity of the content shared on the platform are becoming a big challenge for most social networking sites. Recently, microblogging giant Twitter (TWTR) launched a cleanup mission to have toxic content removed from the site.

 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference, and much more!

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top