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Sara Salinas / CNBC:
FTC says it has an open non-public probe into Facebook's privacy practices; a violation of consent decree signed in 2011 could carry a penalty of $40K/violation — Shares of Facebook fell more than 5 percent Monday after the FTC confirmed it's investigating the company's data practices in the wake of the Cambridge Analytica breach.
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BBC:
Facebook took out full-page ads, signed by Mark Zuckerberg, in several major US and UK newspapers on Sunday to apologize for Cambridge Analytica data leak — Facebook boss Mark Zuckerberg has taken out full-page adverts in several UK and US Sunday newspapers to apologise for the firm's recent data privacy scandal.
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Jean-Louis Gassée / Monday Note:
By claiming that Facebook was not aware of a widespread misuse of user data by outside developers, Mark Zuckerberg sends a message that he thinks we are idiots — Surprise: Thanks to the Cambridge Analytica revelations, we're finding out that Facebook allowed a much broader and deeper prostitution …
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Reuters:
Reuters/Ipsos poll: only 41% of Americans trust Facebook to obey privacy laws while 66% trust Amazon, 62% trust Google, 60% trust Microsoft, and 53% trust Apple
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Chris Welch / The Verge:
Tim Cook says that some well-crafted privacy regulations may be necessary; Zuckerberg acknowledged Facebook may need to be regulated in CNN interview this week
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Brian Stelter / CNNMoney:
Preliminary ratings from Nielsen show that CBS “60 Minutes” interview with Stormy Daniels drew the show's highest ratings in 10 years — Stormy Daniels: ‘I have no reason to lie’ — Anderson Cooper's interview with Stormy Daniels propelled “60 Minutes” to its highest-rated episode …
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Peter Kafka / Recode:
Spotify issues guidance for 2018 ahead of IPO: subs 96M, up 36% YoY, revenue $6.9B, up 30% YoY, operating losses $409M, down from $500M, and more — Ahead of its IPO, the streaming service is offering its first-ever guidance: Revenue, subs and margins will be up, operating losses will go down.
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Facebook:
Facebook is rolling out its feature showing more stories from local news sources in News Feed, available in US since January, to all other countries — By Alex Hardiman, Head of News Product, and Campbell Brown, Head of News Partnerships — Local news helps people connect to their communities …
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Garett Sloane / Ad Age:
Sources: HQ Trivia landed a $3M deal to promote three Warner Bros. movies, starting with Ready Player One, will announce $250K jackpot with sponsorship tie-in — The popular live game show app HQ Trivia has bagged its first sponsor in Warner Bros., which will lead to the biggest prize pool players …
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Reuters:
Egypt has deported The Times journalist Bel Trew ahead of presidential election; the British paper claims the move was to intimidate media and suppress coverage — LONDON (Reuters) - Egypt has deported a British journalist working for The Times, the newspaper said on Saturday, describing an …
John Koblin / New York Times:
Since October, Apple has signed 12 TV projects, nine of them “straight-to-series”; sources say the company aims to roll them out between March and summer 2019 — Known for its bold designs and its big marketing campaigns, Apple relishes its status as a dominant force in the corporate world.
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Christopher Williams / Telegraph:
The Daily Telegraph's Chief Executive Nick Hugh says as of April 2017, the news paper had a gender pay gap of 35% and commits to reducing it to 0% by 2025 — The Telegraph has revealed a mean gender pay gap of 35pc, a figure branded “unacceptable” by chief executive Nick Hugh as he committed to reducing the disparity to zero by 2025.
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Todd Spangler / Variety:
YouTube TV signs multiyear deal with the NBA, will become the first-ever presenting sponsor of the NBA Finals, following similar deal with MLB — Google's YouTube is boxing out over-the-top TV rivals with yet another promotional sports pact: YouTube TV will be the first-ever presenting sponsor for the NBA Finals.
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Brian Heater / TechCrunch:
Wikimedia says Google has contributed $1M+ this year with Apple, Facebook, Microsoft donating ~$50K in matching gifts; corporations account for ~4% of donations — YouTube's plan to combat conspiracy videos with information sourced from Wikipedia got push back from a number of different quarters …
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