San Francisco, April 27: Facebook has warned investors that more users' data scandals in the future may adversely affect the social networking giant's reputation and brand image.
In its quarterly report shared with the US Securities and Exchange Commission (SEC), without mentioning Cambridge Analytica, Facebook said that its ongoing investments in safety, security, and content review will identify additional instances of misuse of user data.
"We may also be notified of such incidents or activity via the media or other third parties," Facebook said on Thursday.
Appearing before the US Congress, Facebook CEO Mark Zuckerberg told the lawmakers that his own personal data was part of 87 million users' that was "improperly shared" with the British political consultancy firm.
The data was gathered via a quiz app, "thisisyourdigitallife," developed by Aleksandr Kogan, then a psychology researcher with University of Cambridge, and his company Global Science Research (GSR) which pulled out Facebook users' data in 2014-2015.
Facebook warned investors that there may be more such data breaches in the future.
"Such incidents and activities may include the use of user data in a manner inconsistent with our terms or policies, the existence of false or undesirable user accounts, election interference, improper ad purchases, activities that threaten people's safety on- or off-line, or instances of spamming, scraping, or spreading misinformation.
"The discovery of the foregoing may negatively affect user trust and engagement, harm our reputation and brands, and adversely affect our business and financial results," the company said its quarterly report.
"Any such discoveries may also subject us to additional litigation and regulatory inquiries, which could subject us to monetary penalties and damages, divert management's time and attention, and lead to enhanced regulatory oversight," it added.
Facebook on Wednesday beat Wall Street's estimates by raking in $11.97 billion in revenue for the first quarter of 2018.
The social media giant reported $4.98 billion in profit -- up from $4.26 billion in the last quarter.
"Despite facing important challenges, our community continues to grow. More than 2.2 billion people now use Facebook every month and more than 1.4 billion people use it daily," Zuckerberg said in a statement.
Facebook added 70 million monthly active users (MAUs) to reach 2.196 billion users globally -- at 3.14 per cent growth rate.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
New Delhi (PTI): The Congress on Saturday shared diary entries of Vallabhbhai Patel's daughter from a book to rebut Defence Minister Rajnath Singh's claim that India's first prime minister, Jawaharlal Nehru, wanted to build the Babri masjid using public funds, and demanded that Singh apologise for spreading "falsehoods".
Congress general secretary in charge of communications, Jairam Ramesh, claimed the defence minister was spreading falsehoods to “improve his relationship” with Prime Minister Narendra Modi.
“Here is Maniben's original diary entry in Gujarati on pages 212-213 in the book ‘Samarpit Padchhayo Sardarno’ by CA R S Patel 'Aaresh', published by Sardar Patel Vallabhbhai Patel Memorial Society, 2025,” Ramesh said on X, sharing screenshots of the relevant pages from the book.
“There is a huge difference between what is contained in the original diary entry and what Rajnath Singh ji and his fellow ‘distorians’ are propagating,” Ramesh said.
“The Defence Minister must apologise for the falsehoods he is spreading, simply to improve his relationship with the PM,” he claimed.
The Congress had earlier termed Singh's claim that Nehru wanted to build the Babri masjid using public funds a “lie” and “WhatsApp university story”, and said the defence minister should not walk in Prime Minister Narendra Modi's path.
Addressing a gathering at Sadhli village in Gujarat's Vadodara district last Tuesday, Singh said Nehru wanted to build the Babri masjid using public funds, but Sardar Vallabhbhai Patel didn't allow his plans to succeed.
The BJP had cited a book by Vallabhbhai Patel's daughter to double down on Singh's claims, and said the first prime minister also said he felt "repelled" by some of the temples in south India despite their beauty.
“The source of what Rajnath Singh said is the 'Inside Story of Sardar Patel, Diary of Maniben Patel'," BJP Rajya Sabha MP and national spokesperson Sudhanshu Trivedi had said at a press conference at the party headquarters while responding to media queries on the issue.
Trivedi claimed that on Page 24 of the book, it is written that Nehru also raised the question of the Babri mosque, but Sardar Patel made it clear that the government could not spend any money on building a mosque.
