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Veon appoints Facebook exec as COO of Veon Ventures

2019-07-16 10:36:00| Telecompaper Headlines

(Telecompaper) Veon Group has appointed Sergi Herrero as the COO of the new Veon Ventures division effective from September. Herrero will be a member of the Veon's Group executive committee and report to the chairman and CEO, Ursula Burns. Veon Ventures is a new division set up to grow the telecom operator's potential market in adjacent sectors of digital services. 

Tags: facebook ventures exec coo


Facebook scam-busting service goes live

2019-07-16 01:36:09| BBC News | Business | UK Edition

New tools to fight online scams are launched after a legal action by TV personality Martin Lewis.

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PETA buys Facebook shares

2019-07-15 22:48:00| Beef

Purchasing shares, PETA hopes to influence the popular social media platform from the inside.

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US FTC approves USD 5 bln fine for Facebook data violation - report

2019-07-15 08:52:00| Telecompaper Headlines

(Telecompaper) The US Federal Trade Commission has approved a fine of USD 5 billion on Facebook for violating the personal data privacy agreement it reached with the US government in 2011/2012, Reuters reported. The fine follows the Cambridge Analytica incident of 2018, when Facebook shared data belonging to 87 million of its users. The settlement would be the largest civil penalty ever paid to the agency, but a number of lawmakers said the penalty was not high enough. 

Tags: data report fine usd


Last week in media: AT&T provides details on HBO Max, Facebook makes a 'relief rally' and comScore sets a new YTD low

2019-07-15 07:00:00| Telecompaper Headlines

(Telecompaper) AT&T provided the market with some details on its upcoming streaming video service. Press reports broke the news of Facebook settling with the FTC on its privacy breach issue with Cambridge Analytica. Facebook investors were relieved, as the stock went up 4.3 percent. The internet platform majors were getting ready to be heard by US politicians next week. The political headwinds apparently have already been discounted, since the Alphabet stock was up 1.2 percent. ComScore lost another 13 percent, making it the worst performer in our index from a year-to-date perspective: -68 percent. Last week's winner was Prisa (+6.5%), followed by Twitter (+4.4%) and Facebook.

Tags: new media details low


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