Facebook founder-CEO Mark Zuckerberg said that after three years of heavy investment, through the end of 2019, the social media giant may be able to breathe a sign of relief on privacy and security. “A few years ago, Facebook was very behind where it needed to be,” Zuckerberg told analysts on a third-third-quarter earnings call. Zuckerberg and his fellow social media CEOS have been hauled before Congress to discuss security and privacy. A scandal exploded last spring around now-defunct political consultancy Cambridge Analytica’s access to the personal data of Facebook users. That conundrum, of free, ad-driven social media platforms selling user information to advertisers, grabbed the attention of politicians and the public.

Source: Forbes October 30, 2018 23:37 UTC