feed 'em
Facebook : broke rules, should be regulated -UK lawmakers
Facebook broke rules, should be regulated -UK lawmakers
Facebook London, Feb. 18, 2019 (Reuters/NAN) Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subjected to a new regulator to protect democracy and citizens’ rights, British lawmakers said on Monday.
In a damning report that singled out Facebook CEO Mark Zuckerberg for what it said was a failure of leadership and personal responsibility, the British Parliament’s Digital, Culture, Media and Sport Committee said tech firms had proved ineffective in stopping harmful content on their platforms.
This included disinformation, attempts by foreign countries to influence elections, and risks to personal data.
“We need a radical shift in the balance of power between the platforms and the people,” Committee Chairman, Damian Collins, said.
Collins said the age of inadequate self-regulation must end, following an 18-month investigation that concluded Facebook had “intentionally and knowingly violated both data privacy and anti-competition laws.”
“The rights of the citizen need to be established in statute, by requiring the tech companies to adhere to a code of conduct written into law by Parliament, and overseen by an independent regulator,” he said.
Facebook rejected the suggestion it had breached data protection and competition laws, and said it shared the committee’s concerns about false news and election integrity.
“We are open to meaningful regulation and support the committee’s recommendation for electoral law reform,” Facebook’s UK public policy manager Karim Palant said.
“We also support effective privacy legislation that holds companies to high standards in their use of data and transparency for users.”
Lawmakers in Europe and the U.S. are scrambling to get to grips with the risks posed by big tech companies regulating the platforms used by billions of people.
Germany has been at the forefront of the backlash against Facebook, fueled by last year’s Cambridge Analytica scandal in which tens of millions of Facebook profiles were harvested without their users’ consent.
Earlier this month, it ordered Facebook to curb its data collection practices in the country.
https://www.marketscreener.com/FACEBOOK-10547141/news/Facebook-broke-rules-should-be-regulated-UK-lawmakers-28027547/
sauce for cap 2
https://www.secform4.com/insider-trading/1326801.htm
you are correct as that term originated as a trading term and as you have correctly pointed out is a false dawn type of thing. IT is a tactic that market makers use to falsely lure people into the market on the hope that it will keep going up so you are spot on in your analysis imo.
What is a Dead Cat Bounce?
A dead cat bounce is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock. Frequently, downtrends are interrupted by brief periods of recovery — or small rallies — where prices temporarily rise. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough.
https://www.investopedia.com/terms/d/deadcatbounce.asp
am so on those greedy fucks. they sell and it gets filed..it's in here within hours if not sooner.
as far as what FB did, the 10-Q is just like GOOG if you read that mini-bread.
agree. first five good for me
ya need to go visit bibi