2018 Facebook News Today

What was so key about what we heard on 60 minutes is this woman saying no. they are amplifying it for the purpose of profit. she said the change in the algorithm went into place in 2018. facebook revenue has reportedly tripled since 2018, and she says thats the motive here, theyre putting profits over people. >> asha, what is the answer? >> i think when we talk about regulation, we always get to content, right, like can they take it down, can we make them take it down. what about the first amend...

Parliament passed a broader internet privacy law that went that effect in 2018. >> facebook is a company that has accumulated an incredible amount of power. facebook can change an election. so, the question for both parties i think has become like are we comfortable with this one company having all this power and no regulation? >> i dont want to undermine innovation. i dont want to kneecap facebook, twitter or google to be replaced by chinese companies but the current model is not working. >> wi...

Lives. with 2.2 billion users worldwide. >> facebook has become bigger and more powerful than i think anyone expected. the goal with the whole world on facebook and we all live in facebook. >> and the facebook we all live in has never seen a year like 2018. >> facebook took a major hit on wall street today losing over 40 billion dollars in market value after the revelations that cambridge analytica, a company tied to the trump campaign allegedly collected data from tens of millions of facebook p...

Facebook left the door open for the access, and that seems very wor worrisome. >> there are so many layers to the issue, too. if you never have done it but knew you could do it, does that raise a separate red flag? and facebook is obviously responding. are they shedding much light on this? >> the company is saying what they said all yearlong, which is we need to do better and we have problems. this is a statement from one of the companies or representatives, saying we know we have work to do to ...

$800,000. saudi arabia issued the first drivers licenses to women. ten saudi women received drivers license on monday. the worlds only ban on women behind theel ends june 24th. last year, the saudi crown prince outlined a plan to reform the economy which included increasing the number of women in the workplace. there is the economy with human rights. >> ten. >> ten women. 2018. facebook facing new allegations over how it handles user data prompting a regulatory backlash. "cnn money" is next....