Analysis: Facebook's stock rises even as company projects record fine from government agency
To be sure, it was an unusual step for Facebook to preempt the FTC and announce the fine while negotiations with the agency are still ongoing. Facebook itself acknowledge the matter is “unresolved and there can be no assurance as to the timing or the terms of any final outcome.”
BITS: The National Security Agency recommended the White House terminate a controversial surveillance program that collects data about Americans' phone calls and text messages, . The program, which started after the 9/11 attacks, ran into compliance challenges in recent years, and the legal and logistical costs of maintaining it may outweigh its benefits.
The program started during the Bush administration, but the public became aware of it after former government contractor Edward Snowden leaked documents that exposed its existence to journalists nearly six years ago. That revelation, and others, ignited global backlash to American spying practices. Bloomberg's revelations follow its earlier report that Amazon employs thousands of people around the world to listen to voice recordings captured in Alexa devices in order to improve the digital assistant. Their efforts are intended to eliminate gaps in Alexa's understanding of speech and help it better respond to commands.
BYTES: Twitter sells itself as the digital public square. But a new study shows that in the United States, its users diverge from the general population -- they're statistically younger, better-educated, richer and Democrat-leaning., also found that 10 percent of Twitter users produce 80 percent of the tweets. The top 10 percent send a median of 138 tweets a months, have 387 followers and follow 456.
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