Does Facebook’s plummeting stock spell disaster for the social network?

The company lost $118bn in market value after news of slowed growth and rising costs. But is it more than a blip?

Facebook’s stock price took a 20% tumble this week after the company’s latest quarterly earnings revealed stagnating user growth in key markets and rising costs associated with tackling misinformation, election interference and privacy issues.

More than $118bn was wiped of the company’s market value and Mark Zuckerberg’s fortune took a hit of $16bn, after the company announced its financial results for the second quarter of 2018, the company’s first full quarter since the Cambridge Analytica scandal broke.

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Amazon face recognition falsely matches 28 lawmakers with mugshots, ACLU says

Test of Rekognition software links members of Congress to arrest photos and finds people of color misidentified disproportionately

Amazon’s facial recognition technology falsely identified 28 members of Congress as people who have been arrested for crimes, according to the American Civil Liberties Union (ACLU).

The ACLU of Northern California’s test of Amazon’s controversial Rekognition software also found that people of color were disproportionately misidentified in a mugshot database, raising new concerns about racial bias and the potential for abuse by law enforcement.

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