*By Madison Alworth*
After an unfortunate spate of privacy scandals, Facebook is on a mission to revamp its image. In the wake of yet another breach ー in which hackers gained access to the private information of 30 million users ー the company is shifting its efforts (and its public relations machine) to face the midterms.
"If those look like they went okay, at least in the U.S., then potentially Facebook could recover," Deepa Seetharaman, a tech reporter at the Wall Street Journal, said Thursday in an interview on Cheddar. "But this is a company where it’s been one issue after the other."
The latest incident, which was discovered in late September, precipitated a media hailstorm and caused a group of shareholders to again call for Mark Zuckerberg's removal as chairman of his company's board.
In many ways, Seetharaman noted, Facebook ($FB) is still making amends for its missteps in 2016, when Russian hackers reportedly launched a misinformation campaign on the platform to sway U.S. election results.
To avoid a repeat, the company has set up a "war room" in its California headquarters and hired thousands of moderators to police the platform.
Although Facebook said it strongly suspects that the latest attack was executed for commercial, not political purposes, many unknowns persist ー namely where all the data went.
"It's also unclear what happens after that data was initially mined by these attackers. We don't know where that information went. It's just unclear how that data was used and who else might have their hands on it," Seetharaman said.
"Facebook didn't say anything publicly, so we’re getting this all from sources connected to the company. They’re still working with the FBI to figure out, with as close to complete certainty as possible, who might be behind this. But for now the conclusions are it;s this group of scammers that the company has known about for a while."
For full interview [click here](https://cheddar.com/videos/who-was-behind-the-30-million-user-facebook-hack).
Donald Trump began testifying Monday morning in his civil fraud trial, producing the spectacle of a former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.
The trial between Google and the maker of the game Fortnite will begin Monday as a San Francisco jury will hear Epic Games' case claiming the Google Play Store takes an unfair commission on purchases made through apps.
One of the most self-made and success stories in the country, Emma Grede, has worked along with the Kardashian Jenner family on many of their best-known brands. Grede, CEO and co-founder of Good American, gave back to the next generation of business leaders as a featured speaker at the Chase for Business Make Your Move summit last week. She spoke with Cheddar News about her career, her company's fashion brand, working with the famous Kardashian-Jennifer family and balancing her own family life.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Elon Musk's company XaI has announced a new chatbot called Grok.
SAG-AFTRA said over the weekend that it received the studios' last best and final offer following a meeting on Saturday, with the union saying it's reviewing it and considering a response "within the context of the critical issues addressed in our proposals."
Stocks rose slightly as Wall Street looks to continue its momentum with earnings season winding down.
Tyson Foods is recalling about 30,000 of its dino-shaped chicken nuggets after some consumers reported finding small metal pieces in those nuggets.
Google on Monday will try to protect a lucrative piece of its internet empire at the same time it’s still entangled in the biggest U.S. antitrust trial in a quarter century.
Before the SAG-AFTRA strike, this was the weekend “Dune: Part Two” was supposed to open. When Warner Bros. and Legendary pushed that opening back to March 2024 and no other blockbuster stepped in to take its spot.
