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Facebook: Zuckerberg Apologizes For The Data Leaks

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Facebook Data Leaks,Zuckerberg Apologizes For Data Leaks,Startup Stories,Startup News India,Facebook Data Breach Scandal,Massive Facebook Breach,Facebook Founder Mark Zuckerberg,Cambridge Analytica,Trump Presidential Campaign,Facebook Testimony,Zuckerberg Apology

Mark Zuckerberg, the founder of Facebook, said last week the company had made multiple mistakes. The most serious one being the leak of 87 million users to Cambridge Analytica, the firm which had provided demographical intelligence to the Trump Presidential Campaign. In a testimony clarifying the issue, Zuckerberg said he was looking into the full extent of the involvement by the Russian Government during the 2016 elections.

The release of his testimony came as Facebook was preparing to notify users whose data were harvested by Cambridge Analytica. Aleksandr Kogan, a Cambridge professor, created an app called This Is Your Digital Life, in order to identify the voters through research. The data downloaded by the Cambridge professor was in return sold to Cambridge Analytica. Since the last fourteen years since Facebook was founded, lawmakers and government officials have looked at one of the largest online social media platforms with favour. According to reports, Cambridge Analytica had acquired the data of around 2,70,000 people who allowed the app to access its data along with their friends on the platform.

“For the first decade, we really focused on all the good that connecting people brings. But it’s clear now that we didn’t do enough. We didn’t focus enough on preventing abuse and thinking through how people could use these tools to do harm as well. That goes for fake news, foreign interference in elections, hate speech. … We didn’t take a broad enough view of what our responsibility is, and that was a huge mistake. It was my mistake. But it’s clear now that we didn’t do enough,” Mark Zuckerberg said in a statement in relation to the Facebook Data Leaks.

Clearly, he isn’t the only one who thinks that way. On Tuesday evening, in a meeting with the Senate and the Cabinet members, an apologetic Zuckerberg said he was extremely sorry for the role the online social media platform played during the 2016 American elections. During the two day Senate session, Zuckerberg apologised by saying he was looking into all the details of the breach.

Furthermore, the Facebook team has said a bounty program with a reward of $ 40,000 has been announced for people who catch large data leaks. Payouts will start at $ 500 and will go up to as high as $ 40,000. Over the better part of the last month, the Cambridge Analytica issue has spiralled into one of the biggest scandals faced by the 33 year old Zuckerberg. The data abuse program is the first of its kind to come up in the industry, giving users an incentive to ensure their safety.

With Zuckerberg’s apology and attempt at making sure things are right, Facebook seems to be addressing the breach issue with renewed vigour and commitment.

 

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Kingdom of Innovation: Saudi Arabia Tops Global Startup Growth Rankings for 2025

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StartupStories

Saudi Arabia has been named the fastest-growing startup ecosystem in the world in the 2025 StartupBlink Global Startup Ecosystem Index, with a growth rate exceeding 200%—the only country in the global top 100 to achieve this milestone. This surge has earned the Kingdom the “Country of the Year” title, highlighting its transformation into a global innovation leader.

The report ranks 110 countries and 1,400 cities, with three Saudi cities—led by Riyadh—making the global top 1,000. Riyadh entered the world’s top 100 startup cities, posting a 134% growth rate, and solidifying its role as a regional tech hub.

Saudi Arabia now leads globally in HealthTech, nanotechnology, and transport tech, and ranks among the top in sectors like fintech, e-commerce, logistics, and gaming. The Kingdom’s rapid progress is fueled by Vision 2030, robust government support, and record venture capital investment, making it the most funded VC market in MENA.

Startups such as Tabby, Tamara, and Jahez exemplify this momentum, as Saudi Arabia emerges as a top destination for innovation and entrepreneurship.

 

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SC Grants Relief to Paytm’s First Games, Stays Massive GST Notice

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StartupStories

The Supreme Court of India has granted interim relief to Paytm’s gaming arm, First Games, by staying proceedings on a ₹5,712 crore GST notice issued by the Directorate General of GST Intelligence (DGGI). The notice, sent in April 2025, demanded GST for the period January 2018 to March 2023, based on the department’s view that 28% GST should be levied on the total entry amount, rather than the 18% GST currently paid on platform fees.

First Games challenged the notice in the Supreme Court, which on May 23, 2025, ordered a stay on all further proceedings until a final decision is reached. The dispute is part of a broader industry-wide debate over the correct GST treatment for real money gaming platforms, with similar cases pending before the court. Following the stay, Paytm shares rose nearly 2% in early trading, reflecting investor optimism.

The Supreme Court’s order provides temporary relief to First Games and signals ongoing judicial scrutiny of GST demands across India’s online gaming sector.

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