financetom
News
financetom
/
News
/
Facebook likely to face two more state probes on privacy issues
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Facebook likely to face two more state probes on privacy issues
Jan 31, 2019 9:36 PM

Facebook Inc could be subjected to at least two more state probes in the United States on the alleged mishandling of user data, Bloomberg on Thursday.

The report, which cited people familiar with the matter, said Pennsylvania Attorney General Josh Shapiro and his Illinois counterpart Kwame Raoul have joined forces with Connecticut to focus on investigating existing allegations.

The state probes are coalescing into two main groups, the report said. The states of New York, New Jersey and Massachusetts are also probing the social media giant and are seeking to uncover any potential unknown violations.

The Illinois attorney general's office declined to comment on Bloomberg's report when contacted by Reuters, while the office of the attorney general of Pennsylvania did not immediately respond to a request for comment.

Facebook told Reuters in an emailed statement it was having "productive conversations" with attorneys general from a number of states.

"Many officials have approached us in a constructive manner, focused on solutions that ensure all companies are protecting people's information, and we look forward to continuing to work with them," Facebook's vice president of state and local public policy, Will Castleberry, said.

Facebook and other tech giants have been under pressure for over a year after it was revealed that British consultancy Cambridge Analytical acquired data on millions of US users to target election advertising. That led to heads of several tech companies testifying before Congress last year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved