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Judge Skeptical of Facebook ‘Sponsored Stories’ Privacy Settlement (Wired)
A San Francisco, Calif., federal judge declined Thursday to approve a Facebook privacy settlement concerning the social networking site’s “Sponsored Stories” advertising program, saying he was concerned that the $10 million payout was not adequately explained, and might not be big enough. The deal, which does little to bolster the privacy of Facebook’s approximately 150 million U.S.-based users, provides $10 million to the lawyers who sued the social-networking site and another $10 million to charity, in what is known as a cy pres award. Reuters Facebook and attorneys for the plaintiffs had argued that the settlement — which includes changes to Facebook’s privacy settings — represented roughly $123 million in value. However, the company is only slated to pay about $20 million in cash. Inside Facebook Meanwhile, Facebook appears to be testing Page-Like Sponsored Stories in a mobile module called “Pages You May Like.” With this new module, the social network is showing some users two Sponsored Stories at a time. CNN If you’re using a fake name on your Facebook account, maintaining a personal profile for your beloved pet or have a second profile you use just for logging in to other sites, you have one of the 83.09 million fake accounts Facebook wants to disable. In an updated regulatory filing, the social media company said that 8.7 percent of its 955 million monthly active users worldwide are actually duplicate or false accounts. PC Magazine Facebook said that incidents of duplicate and false accounts are “meaningfully lower” in developed regions like the United States and Australia and higher in developing markets like Indonesia and Turkey. “However, these estimates are based on an internal review of a limited sample of accounts,” Facebook said, so the estimation “may not accurately reflect the actual number of such accounts.” continued…
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