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Facebook must change and policymakers must act on data, warns UK watchdog

sudshr47 November 6, 2018

The UK’s data watchdog has warned that Facebook must overhaul its privacy-hostile business model or risk burning user trust for good. Comments she made today have also raised questions over the legality of so-called lookalike audiences to target political ads at users of its platform. Information commissioner Elizabeth Denham was giving evidence to the Digital, […]

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Cambridge Uni graphene spin-out Paragraf gets $3.9M

sudshr47 May 1, 2018 Startups

Paragraf, a Cambridge University graphene spin-out, has closed a £2.9M (~$3.9M) seed round. The funding is led by the university’s commercialization arm, Cambridge Enterprise, with Parkwalk Advisors, Amadeus Capital Partners, IQ Capital Partners and angel investors also participating. Graphene refers to the one atom-thick latticed carbon material that’s been exciting scientists with its potential for more than […]

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Cambridge University hits back at Zuckerberg’s shade

sudshr47 April 12, 2018

Facebook’s CEO Mark Zuckerberg’s testimony to the House yesterday was a mostly bland performance, punctuated by frequent claims not to know or remember certain fundamental aspects of his own business. But he gave a curiously specific and aggressive response to a question from congressman Eliot Engel. Starting from the premise that Facebook had been “deceived” by […]

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Here’s Cambridge Analytica’s plan for voters’ Facebook data

sudshr47 March 29, 2018

More details have emerged about how Facebook data on millions of US voters was handled after it was obtained in 2014 by UK political consultancy Cambridge Analytica for building psychographic profiles of Americans to target election messages for the Trump campaign. The dataset — of more than 50M Facebook users — is at the center […]

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Palantir confirms a staff link with Cambridge Analytica

sudshr47 March 28, 2018

Turns out there is a link between Peter Thiel’s secretive big data analytics firm, Palantir, and Cambridge Analytica — the political consulting firm at the center of the current Facebook data misuse scandal. Facebook responds to data misuse Starting in 2013, the New York Times reports that a UK-based Palantir employee worked with Cambridge Analytica — going […]

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Facebook data misuse scandal affects “substantially” more than 50M, claims Wylie

sudshr47 March 27, 2018

Chris Wylie, the former Cambridge Analytica employee turned whistleblower whose revelations about Facebook data being misused for political campaigning has wiped billions off the share price of the company in recent days and led to the FTC opening a fresh investigation, has suggested the scale of the data leak is substantially larger than has been […]

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Facebook hired a forensics firm to investigate Cambridge Analytica as stock falls 7%

sudshr47 March 19, 2018

Hoping to tamp down the furor that erupted over reports that its user data was improperly acquired by Cambridge Analytica, Facebook has hired the digital forensics firm, Stroz Friedberg, to perform an audit on the political consulting and marketing firm. In a statement, Facebook said that Cambridge Analytica has agreed to comply and give Stroz Friedberg access […]