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Facebook CEO Zuckerberg's Compensation Up By 54% In 2017

16 April 2018

Facebook CEO Mark Zuckerberg testifies before the House Energy and Commerce Committee in Washington on April 11, 2018.

With congressional hearings over and no immediate momentum behind calls for regulation, the biggest hammer still hanging over Facebook in the US.is a fresh FTC investigation.

"We've seen instances where developers' apps are collecting and sending information to third parties and they are not even aware it's happening", said Mr Hardy.

The founder of social networking giant continued to earn a base salary of $1 with no bonuses or stock awards.

During the public skewering, Zuckerberg admitted Facebook had failed to protect the data and privacy of 87 million users, including his own account. The incident wiped off billions from Zuckerberg's wealth while Facebook's stock prices slumped in a week.

More: Facebook's Mark Zuckerberg has promised to protect user privacy before.

"Sheryl did an unparalleled job, the best any person has ever done in any company at creating a business", said David Kirkpatrick, author of The Facebook Effect and founder of the Techonomy conference business.

Last month, Facebook announced a redesign of the entire settings menu on mobile devices from top to bottom to bring in controls that are easier to find and use. "They are already having conversations about how they cannot only make sure their current systems better protect user privacy and autonomy, but how artificially intelligence systems they are using can have ethical alignment built in by design", said Ms McEvoy.

The titan of search, smartphones and Web browsing makes more money off its users than Facebook, gathers more of their data and covers parts of their lives that Facebook can only dream of, Google documents show: what websites they've looked at, what places they've visited and many (if not all) of their searches, calendars, documents and emails.

MIT Technology Review reports Cambridge Analytica, whose parent company entered into a contract with Kogan's company, later "combined the Facebook data with other data sets to build robust, integrated profiles of 30 million United States voters". It's an arrangement to which Facebook's users agree and can sidestep, technically, but it is hardly informed consent or a real option to avoid. The data he transferred is utilized to make shadow profiles for both Ijaz and Sadia - so that if either goes along with, they will be recommended Ali as a companion.

She pointed out that the leak of Facebook user data to Cambridge Analytica was not connected to Facebook's advertising business.

Facebook makes almost all its revenue and profit from advertising and has a market value of $478 billion, the sixth-largest in the S&P 500.

THE Cambridge Analytica scandal and its resultant "revelations" have left a bad taste in the mouths of most Facebook users across the world.

It was the longest and most watched public apology in recent times. I probably post more than some but a lot less than others. The Facebook CEO knows what his company does, but perhaps he couldn't acknowledge that his companies relies on assembling detailed dossiers on billions of people. Many people construed it as confirmation of the fact that people who want privacy must expect to pay for it (going forward). The company in 2017 raised privacy worries when it said it would begin measuring the real-world performance of its online adverts by working with undisclosed companies that had access to 70% of the credit-card and debit-card transactions in the US.

Facebook CEO Zuckerberg's Compensation Up By 54% In 2017