UPDATE 5-Facebook slammed by UK lawmakers as CTO promises transparency overhaul [Reuters]
Meta Platforms, Inc. - Class A (FB)
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Source: Reuters
Facebook exec promises UK lawmakers overhaul for political ads | Reuters 5 Min Read LONDON (Reuters) - Facebook will introduce new measures to improve transparency around advertising and politics in Britain, an executive said on Thursday, as he faced criticism from British lawmakers over a data scandal. Facebook ( FB.O ) has said the personal information of about 87 million users might have been improperly shared with political consultancy Cambridge Analytica, which worked on Donald Trump’s 2016 presidential election campaign. Facebook Chief Technology Officer Mike Schroepfer faced a day of questioning from a panel of British lawmakers in London, where he apologized for the firm’s failings over data protection and sometimes looked uncomfortable as he was unable or unwilling to answer all their questions. After the session concluded, the chairman of the committee said that Schroepfer had failed to provide full answers on nearly 40 points, and reiterated a demand for Chief Executive M
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