A U.S. judge has ordered Facebook to give investors emails and other accounts concerning how the social media company handles information privacy, after data for about 87 million users was accessed by the British political consulting firm Cambridge Analytica.
In a 57-page result on Thursday, which followed a one-day experimental in March, Vice Chancellor Joseph Slights of the Delaware Chancery Court alleging that shareholders established a “credible basis” to believe Facebook board members might have committed offense related to information privacy breaches.
Slights, however, noted that the social media giant had at the time of the 2015 Cambridge Analytica break been subject to a U.S. Federal Trade Commission consent verdict that required it to strengthen its information security measures. The breach was not exposed not until March 2018.
Meanwhile “Evidence obtainable at trial provides a reliable basis to infer the board and Facebook senior managers failed to oversee Facebook’s agreement with the consent decree and its wider efforts to protect the private information of its users,” Slights penned.
Investors sued Facebook last September to obtain accounts related to Cambridge Analytica and other breaks and said that upon finding offense, they might sue the company officers and directors through a derivative lawsuit.
Similarly, derivative proceedings are brought on behalf of companies, with money discovered from officers and directors, or their brokers, going to the companies by themselves.
But, Facebook’s share value sank 19%, wiping out $120 billion of investors wealth, Also, last July 26 after the Menlo Park, California company sent disappointing outcomes in the first full quarter since the Cambridge Analytica breach was exposed, and said it was spending more on safety measures.
As a result, Cambridge Analytica, employed by U.S. President Donald Trump’s 2016 election campaign, employed profiling techniques to forecast and influence voter behavior.
It, however, shut down after the breach was revealed, and numerous U.S. and European controlling probes into Facebook followed.
Facebook CEO Mark Zuckerberg said a U.S. Senate panel in April 2018 exposed the Cambridge Analytica breach in 2015, but neither showed an audit nor told users and the FTC.
Slights, however, denied some of the investors’ record requirements as overbroad.
Buhari Suspends NBC Boss, Modibbo Kawu
Modibbo Kawu, the DG of the National Broadcasting Commission, NBC, has been put on suspension by President Buhari. This came following his corruption charges by the Independent Corrupt Practices, ICPC.
This development was confirmed by Armstrong Idachaba, NBC’s Director of Broadcast Monitoring. Further, the most senior director in the commission has been directed to take over from Modibbo Kawu.
Modibbo Kawu is currently facing a 12-count charge bordering on money laundering, abuse of office, and misleading a public officer with the intent of defrauding the government.
So, this contravenes Section 26 (1) (c) of the Corrupt Practices and other Related Offenses Act 2000 and punishable under Section 19 of the same Act.
Beisdes, Modibbo was first arraigned in May 2019 over the alleged misappropriation of N 2.5 billion for the digital switch-over (DSO) program of the government.
Loan Of $500m Will Make NTA Compete With CNN – Lai Mohammed
The Minister of Information, Lai Mohammed has disclosed that the Nigeria Television Authority, NTA, will compete favorably with the like of CNN if the $500m loan is ministry is requesting for is approved.
The Guardian reported that the Alhaji Lai Mohammed said this when he appeared before the senate committee on local and foreign loans to explain the importance of the loan which is included in the $30 billion President Buhari is requesting from the National Assembly to give assent to.
Speaking further, Minister said NTA would be upgraded to assist it sends signals that would make it rank with the likes of CNN emphasizing that Nigeria has all it takes to achieve this.
Also, the Information Minister said the creative is a major employer of the youthful generation.
“Apart from agriculture, which is the largest employer of labour in Nigeria, especially the youths, the next largest employer of labour is the creative industry,” he said.
“The International Telecommunication Union (ITU) in 2006 gave June 17, 2015, as the deadline for all members of the organization to migrate from analogue to digital.
“Regrettably, we were unable to meet the deadline along-side most countries in sub-Saharan Africa, the deadline was moved to 2017, which was not reliable and today the target is June 17, 2020,” he said
Bolt Announces Multiple Destinations Feature On Its App
One of the leading on-demand transport platforms, Bolt, has announced the introduction of a new feature in its mobile app, enabling users to add extra stops to their rides.
The ability to include more than one destination will available to users that has the latest version of the Bolt App. Users looking for their required destination will see a small plus sign by the right side of the address box. Tap on the + sign to create an extra stop to your ride. Users can now have up to three stops in a ride, the last being the last destination of the journey.
The new feature makes users view the price up-front for a ride with several stops. The driver will see the route with all stops on the Bolt driver App after initiating the ride.
The feature will be made available to Bolt users on IOS and Android this month.
Bolt was launched in 2013 by Markus Villig and its one of the fastest-growing transport platforms in Africa and Europe. It has over 30million customers in over 35 countries.