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Invested over $13 bn on safety and security since 2016, says Facebook

Invested over $13 bn on safety and security since 2016, says Facebook
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Facebook and Instagram ban inappropriate ads for young people, after data harvesting revealed by ABC - 28-Jul-2021

Facebook, which also owns Instagram, today announced it would no longer allow this practice.
Starting in a few weeks, we ll only allow advertisers to target ads to people under 18 (older in certain countries) based on their age, gender and location, said the statement from Instagram.
This means that previously available targeting options, like those based on interests or on their activity on other apps and websites, will no longer be available to advertisers.
Reset Australia welcomed the ban on advertising but said the social media giant hadÂ not committed to stopping profiling teenage users.
Facebook isn t saying it will stop profiling kids based on dubious interests, just that it will not let advertisers target them based on that, said Reset Australia executive director Chris Cooper. ....

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Facebook Shares New Insights into its Evolving Data Privacy and Protection Efforts

Facebook has provided an update on its efforts to improve its data privacy policies, and ensure that user information is protected in every aspect.
User privacy became a bigger focus for Facebook back in 2017, when it was revealed that Cambridge Analytica had utilized people s personal data, sourced from Facebook, to build complex political targeting tools designed to capitalize on their individual leanings, and influence their vote.
Facebook has since strengthened its data access permissions in various ways, while also adding more tools for users to better control their personal data and access.
To provide more insight into those improvements, Facebook has today launched a new Privacy Progress Update platform to showcase its various efforts on this front. ....

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"The Big Shift." Internal Facebook Memo Tells Employees to Do Better on Privacy.

Big Technology
Facebook VP Andrew Bosworth tells colleagues that privacy matters more than the product experience
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On December 22, 2020, Facebook VP Andrew “Boz” Bosworth wrote his colleagues with a stark message on privacy. “The way we operated for a long time,” he said, “is no longer the best way to serve those who use our products.”
In an internal memo called “The Big Shift,” obtained by
Big Technology and first reported here, Bosworth called on Facebook employees to prioritize privacy as they built their products, even to the detriment of the user’s experience. The public’s expectations on privacy were changing, he said, and Facebook s old approach wasn’t cutting it anymore. ....

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