*By Carlo Versano*
Facebook shares dropped Friday afternoon after the company announced that 50 million accounts may have been compromised by hackers exploiting a security vulnerability.
Guy Rosen, the company's VP of product management, said the breach was discovered on Tuesday and affected its "View As" feature, which allows people to see what their own profile looks like to someone else. Rosen said the vulnerability has been patched.
"We’re taking this incredibly seriously and wanted to let everyone know what’s happened and the immediate action we’ve taken to protect people’s security," Rosen, wrote in a [blog post](https://newsroom.fb.com/news/2018/09/security-update/) on Friday.
Facebook ($FB) discovered that unknown attackers manipulated a piece of code that allowed them to steal security tokens that usually keep accounts logged in.
The post was light on detail and was seemingly intended to show the company's efforts at transparency, just months after it was pilloried for a mishandling of the Cambridge Analytica breach.
After that scandal, CEO Mark Zuckerberg [said](https://m.facebook.com/zuck/posts/10104712037900071) in a Facebook post, "We have a responsibility to protect your data, and if we can't, then we don't deserve to serve you."
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
It’s been Immigration Week on Capitol Hill but now it’s time to move on. So what will drive headlines in the week ahead? Here’s a look at the Washington Week Ahead.
The Secure and Fair Enforcement (SAFE) Banking Act is expected to pass the Democrat-controlled House, where it passed before in 2019 and 2020, but could face a tougher battle in the split Senate.
Rep. Mark Takano (D- Calif. 41st District) discusses the need to pass the COVID-19 Hate Crimes Act especially in the wake of the shooting deaths of eight people in Atlanta area spas, six of them being women of Asian descent.
U.S. health officials are relaxing social distancing recommendations for schools, now saying students can sit as close as 3 feet to each other in classrooms.
The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to shore up the financial system during the early days of the pandemic.
Rep. Marilyn Strickland (D-Wash. 10th District), one of four Korean Americans to be elected to Congress, talked about the need for urgency and accountability following the killing of eight people, including six Asian women.
The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the coronavirus recession.
Federal Reserve Chairman Jerome Powell once again doubled down on the easy money policies that have defined the central bank's response to the pandemic-fueled economic downturn.
Stop AAPI Hate co-founder Cynthia Choi joined Cheddar to discuss anti-Asian hate crime reporting and what Americans can do to combat incidents of racial discrimination against Asian and Pacific Islander Americans.
