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.
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United Nations (PTI): India has called on the international community to act together against ISIS and Al Qaeda and their proxies, underlining that terrorism is an “existential threat” to international peace and security.
“Terrorism is an existential threat to international peace and security. It knows no borders, nationality, or race, and is a challenge that the international community must combat collectively,” First Secretary in the Permanent Mission of India to the UN Raghoo Puri said on Wednesday.
In remarks to the United Nations Office of Counter-Terrorism (UNOCT) annual ambassadorial level briefing to Member States, Puri recalled the April 2025 terror attack in Jammu and Kashmir’s Pahalgam, carried out by The Resistance Front, a proxy of Pakistan-based Lashkar-e-Taiba, a UN listed terror organisation. The terror attack led to the loss of lives of 26 tourists.
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“We must act together against ISIS and Al Qaeda and their proxies,” he said, adding that as a country which itself has been a victim of cross-border terrorism for the past nearly three decades, “India is acutely aware of the socio-economic and human cost of terrorism, especially for its victims.”
India added its voice in stressing on the importance of the Global Counter Terrorism Strategy (GCTS) as a central instrument for multilateral cooperation.
Puri said India will remain steadfast and engaged in the consultations for the 9th review of the GCTS, assuring full cooperation to co-facilitators Finland and Morocco during negotiations in the process.
Puri also highlighted that as Chair of the Counter Terrorism Committee in 2022, India has striven to bring these principles into the counter-terrorism architecture of the UN and into the debate on terrorism at the United Nations.
“Our follow up initiatives both in New York and around the world stand testimony to our commitment,” including the ‘Delhi Declaration’ - a landmark document to deal with the issue of countering the use of new and emerging technologies for terrorist purposes, an issue Puri said is of acute importance for several Member States.
In October 2022, the Security Council Counter-Terrorism Committee (CTC), chaired by India that year, had organised a special meeting in New Delhi and Mumbai on the overarching theme of ‘Countering the use of new and emerging technologies for terrorist purposes’.
As an outcome of the special meeting, the committee had adopted the ‘Delhi Declaration’ on countering the use of new and emerging technologies for terrorist purposes.
India continues to work closely with the UN via its various entities to build capacity and make its partners future ready to take on the ever-evolving scourge of terrorism, he said.
