one directed at facebook and facebook battle back with you. i know you are not commenting specifically on that's legal action, but at the ceo level, why have these battles through the lawyers? is there not an opportunity to call mark zuckerberg and settle these differences? >> that's a great question. i would love to. on any not comment specific lawsuit going on, but, of the time99.99% we settled it amicably through business and not illegal settlement. -- a legal settlement. is notes, the other side willing to address the business side of the equation and only want to settle it on the legal side. then we do what we need to do for the shareholders. >> another area of growth has been inside of the card today and the car of the future is the blackberry software. there is a lot of trade tensions and frictions between countries like canada and the u.s. trump site that brett of auto tariffs. as someone who's business depends on healthy auto business -- auto sector, any message to the trump administration on auto tariffs? aren general, any tariffs no

what is facebook it's a media companies. media companies are thought of differently netflix on some level gets -- if you tell tell me there is a substitution effect or would are where would we see could if it's a zero-sum game in i don't think investors are looking at this. they need to think about how they approach the companies that deal with governor governance issues. >> should we impute factual basis's problems on the rift of the social media secretarier >> yes. >> any company traffics. >> can you explain to me what impute means before i answer the question i think each of the companies have their own risk. facebook has its own combination risk netflix is is substitute in a wide enough. >> how about twitter, google, amazen >> twitter is different than fv. it's sort of lumped in but the market wants to do that. carter walked back on his own without you asking him -- is that what happened. >> i'm not going to not invite him back to the desk he has a clair. >> you've heard of that march low do you think we're undercut nag

facebook has invited us in ahead of their facebook weekend. we have a look to the audience and the money for facebook and any of the questions that we are going to be asking tonight. everyone with us here has got something to say, so an issue to raise. what are we going to find out tonight? for me, if you're going to watch my browsing habits, and mark why you're watching me, that's a good thing but how must he really know about us and who else knows the information? 0k, thank you. what about you ? i take online privacy extremely seriously. i would love to know how much control i'd truly have over my data on facebook. thank you very much. and the answers to these and many of the questions and many of the questions are the experts from facebook itself. why don't you introduce yourselves? thank you, my name isjesse and i worked at facebook with teams that build our products. so the features, all of that, the buttons in our apps. for example, things like facebook watch that we rolled out recently. i am on the global public policy team at facebook,

facebook promised differently yet here we are again fifty million accounts might be affected in a new data breach the social media giant says it does not know who is behind tuesday's hacking attack and where the perpetrators might be based but the breach could allow hackers to take over facebook accounts users who have used the view as feature in the last year are especially vulnerable facebook says it has taken steps to fix the security problem at alerted law enforcement earlier this year the world's biggest social network had to admit that up to eighty seven million user profiles had been compromised. earlier i spoke to jared reed from our social media department and asked him what else we knew about the case so far. packers were able to get bits of information that gave them access to fifty million user accounts as you said and the information cold tokens these are basically the digital keys to our account and they help us by by not not making us having to log back into our accounts every single time we use facebook so in effect they stole fifty million kids and they did that by ex

, facebook, netflix. the names all leading -- >> facebook's been falling for a week and a half. google over 6% in the last 3 days so maybe it's more than that it's just a risk off day in general and even when you look at secondary and tertiary names, workday hammered this is not a company that's sitting in front of senators today so i think the thing that no one is really saying is that the companies that are being asked these questions of what they think their responsibilities are and change the service so that we don't have another influence operation which by the way i don't think you can prevent is that these companies see themselves as supra national meaning this they transcend national borders it is not that they deny they're born in america and have predominantly american workforce employed there it's just that they're building global businesses and the tell for something like that when you read mark zuckerberg talk about the global responsibilities and when you see jack dorsey heavily involved in

how would you class this one on facebook? 0ther companies use hackers themselves —— the companies use hackers themselves to test their systems?” the companies use hackers themselves to test their systems? i am sure they do. the first question, this must have been extraordinarily sophisticated. probably facebook and other technological savvy companies are at the forefront of this. it is not just that. the are at the forefront of this. it is notjust that. the second issue is, the information facebook is pulling together and the way they are patting that information to others, that to me is the real vulnerability. everyone will be hacked, no matter how sophisticated air defences but the question is, how else are you protecting data and users? lots of questions there. companies will be facing. thank you, amy pope. sport and for a full round up, from the bbc sport centre, here's chris. europe held the advantage going into the afternoon session at the ryder cup... 8—1! they led the united states, needing 1a and half points

facebook wa nted wanted to keep it simple. facebook wanted to keep it simple. facebook wanted to make money and had other ideas. but for any founders, dancing to the tune of another firm must be difficult, and it certainly isn t unusual to see founding partners leaving after they ve completed the required number of years under any deal? imean, i mean, actually you could say they hung on in theirfirst i mean, actually you could say they hung on in their first six years and by all accounts they were incredibly hands—on. they could have taken the money and run but they didn't. that shows they continue to be passionate about the product. they have now said they will build something else. what will that be? it would be very interesting to watch them step away from the boundaries of facebook and perhaps we discovered the freedom to create something new from scratch. just how important is instagram to facebook now in terms of growing active daily users? facebook has had a really bad year. it has had a lot of bad headlines. data breaches, struggling to contain some v

another massive data breach at facebook. here initially it was a bit of a shocker and the stock dropped by a good three and a half percent one of the critics of facebook has been for quite some time that they're collecting ever more data but they're not necessarily able to really protect those so what we've heard so far is that obviously in this particular case no credit card information was stolen so that's at least a little bit of good news and the stock recovered the end of trading at the end of the day facebook is down by about two and a half percent but those have been some pretty rough months for facebook since the all time high that was reached in july the stock is down twenty five percent yes court in new york thank you. now here in europe for the melanne stock exchange lost over four percent on friday as investors were spooked about italy's financial future earlier at the populace government and rome had presented budget plans. that would boost the country's deficit triggering the e.u. commission's warning to rein i

markets give facebook the thumbs down after the founders of its photo sharing service instagram quit alast scolding news surprising and concerning. and i can see an anger protests against the austerity the government says is vital encouraging international aid for its ailing economy. i've been fizzling let's do business instagram's co-founders kevin systrom and mike krieger have quit their jobs as c.e.o. and chief technical officer of the photo sharing app a statement they said. they are ready for that next chapter as they transition from lead is to two uses in a billion shares a parent company facebook with down on news of their resignation it quiet instagram six years ago with a deal that reportedly allowed instagram to continue to be run independently but insiders say the co-founders felt they were not being given enough autonomy. but they don't use their until discovering this for us erin what's behind the departure it's a surprise it's concerning as we've heard from analysts and i don't know anything about it well it definitely is a concerning move you have to remember systrom i

facebook, did facebook have any? >> parakilas: no. >> stahl: or was it just gone? >> parakilas: it was gone. >> stahl: wow. >> parakilas: they could put it on a hard drive and they could hide it in a closet. >> stahl: would you say then, policing this was pretty impossible? >> parakilas: it was very frustrating. >> stahl: did you bring this to the attention of the higher-ups, the executives? >> parakilas: yeah, a number of folks, including several executives. >> stahl: so, were the executives' hair on fire? did they say, "oh, my god, we have to fix this? we have to do something"? >> parakilas: i didn't really see any traction, in terms of making changes to protect people. they didn't prioritize it, i think, is how i would phrase it. >> stahl: so would you say that they didn't prioritize privacy? >> parakilas: yes. i would say that they prioritize the growth of users, the growth of the data they can collect, and their ability to monetize that through advertising. that's what they prioritized, because those were the me

general counsel said the same is true for facebook again, i asked facebook ceo mark zuckerberg on april 10h, 2018, and he said, quote, the internet research agency, the russian firm ran about $100,000 worth of ads. following the hearing, i asked facebook the same question in writing. and on june 8, 2018, we received a response that said, quote, we believe the annual revenue that is attributable to inauthentic or false accounts is immaterial. so my question is, what did you mean by immaterial because i'm a bit confused about the use of that term in this context. >> thank you for the question. so, again, we believe the total of the ad spending we have found is about $100,000. so the question you're asking is, with the inorganic content, i believe, what is the possible revenue we could have made so here's the best way i can think of to estimate that. which is that we believe between 2015 and 2017, up to 150 million people may have seen the i.r.a. ads or organic content in our service. and the way our service works is, ads don't run attached to any specific piece of content, but they are sc

i think it's created a lot of value to facebook. but i think it's actually very telling that these important innovators are now leaving the company. i think there's an air of arrogance within facebook, and i don't know that you're going to be able to change that culture so companies really are led from the top, and it's a culture from the top. that facebook board needs to take more control, it needs to be more diverse, and it needs to hold management accountable. it's a good question about whether you can hold this management team accountable. >> yeah, kind of hard when zuckerberg has voting control. taking a look at some of your top holdings, include apple, microsoft, amazon, alphabet. a lot of these names, facebook as we were just talking about, have really soared lately. a lot of people saying they're pretty expensive of course you've got the teachers and their retirement to think about. what do you do how do you position yourself differently after a run like this >> well, jon, they are expensive. you hit it right on the point. l

on facebook faces a backlash in response to the worst security breach in the company's history over fifty million users are being directly affected. saturday morning eight am here in moscow this september the twenty ninth welcome to our team international i mean you know our top story russia's foreign minister concluded his participation at the un general assembly on friday with a blistering attack on western foreign policy. condemned what he called a parochial self serving of a small group of countries and said those states are undermining the organization and its principles. sergey lavrov saved all here in russia had to say to the rest of the world for his final day in new york the foreign minister kept himself within the boundaries of diplomatic language however his criticism and told the war. the number of western states the seeking to preserve the proclaimed status of global leaders and prevent a natural transition to a multi-polar world order to that means including political blackmail economic pressure and brute force such activities lead to devaluation of international law the int

to facebook. i guess in the twittererverse and security community, you're widely regarded as a champion of privacy, a user privacy advocate. how did you reconcile concerns about user privacy on facebook and facebook's business, which is predicated on using data to target ads? >> yeah, i mean, i think this is a tough balancing act anybody has to make. if you want to actually make change, you have to be the man or the woman in the arena. obviously teddy roosevelt wasn't thinking in a very gender neutral way. you have to put yourself in a position that sometimes you're going to have a fight, and you're going to fight with folks who night dmight disagree with you have a chance of changing their mind. one, i think the ad supported internet is something that's going to last for a long time. we're not going to get away from the model of using data about people to target ads, and therefore supporting these platforms. partially because the truth is that a small number of consumers, mostly in north america

if facebook's fixed the issue but the company shares fell of its c.e.o. mark zuckerberg net worth plunged by two billion dollars security research we spoke to thinks that could have to be much worse though and that facebook must keep working on bolstering its security. as an awful lot of infrastructure an awful lot of users to protect and watch the fifty million users impacted by this pos the additional forty million they've taken extra measures to protect us still only a few percent of facebook's how it all user base was this is a very large breach and it could have been a lot worse i think that any effort that they can point to bettering their stance on security is always good in terms of how effective that will be we can only really wait and see what the outcome is as we progress into the future. meantime more bad news for another tech giant tesla lost one of the hov billion dollars overnight after found elon musk was ques to fraud by the u.s. securities and exchange commission the federal agencies also seeking his removal from the role of c.e.o. and c

welcome back facebook is under fire after the left wing think progress web sites found itself friends by conservative found checa is the fake news hunting is part of facebook's publicly stated plan to prevent election and to fair its and exercise time as a control over what users see on the news feeds. news outlets on the air new plays a risk under the system as a legal matter facebook is treading on very dangerous ground by providing no oversight of its own fact checking operation according to its new policies facebook demotes on sickles rated by its fact checkers as folds significantly reducing the post distribution it will also now start fact checking videos and means that posted on the platform he's kind of open reports facebook's new fact checking efforts are going a splendidly now that's a statement that definitely would not pass their fact checkers facebook the social media giant has recently begun efforts to crack down on fake news now the result has been a fight bigger than they could have expected the first side to come out swinging was the right wing with the president hims

facebook shares did fall. shares in the us electric car maker tesla have fallen by almost ia% in a day after american financial regulators said they were charging its boss, elon musk, with fraud. he's accused of deliberately misleading investors in his company about plans to return it to private ownership. mr musk says the lawsuit is unjustified and tesla's directors say they have full confidence in him. in the last few hours he's tweeted on an apparently unrelated subject about tesla, saying he's sorry for dificulties in delivering the cars to consumers, due to the high volume required. stay with us on bbc world news. still to come: the human rights lawyer amal clooney on her latest case. they had documents planted on them. police were laying in wait to arrest them. the whole trial was a charade. she's working to win the freedom of two journalists jailed in myanmar who were reporting on the rohingya crisis. in all russia's turmoil, it has never come to this. president yeltsin said the day would decide the nat

do you reconcile concerns users might have around data privacy on phase look and facebook -- on facebook and facebook's business on using ads? alex: this is a tough balancing act. want to make change, you have to be the man or woman in the arena. yourself in the position that you're going to have a fight. you're going to fight with folks who might disagree and you have a chance to change their mind. ad supported internet is going to last a long time. awaye not going to get from the model of using data to because a small number of consumers in north america and europe subsidize the existence of these technologies for everybody else. finding a way to build products that require millions of servers and billions of dollars of hardware and professionals to run it, finding a way to support that that that can be available across the world is a hard problem. if these problems are going to exist, you have trade-offs. it is better to be part of that argument than to throw tomatoes from the outside. that can be self-serving. hopefully, when you are on the inside and trying to work on these issues,

--the past, facebook instagram was dependent on facebook for its growth, now facebook is dependent on instagram. down --wo years i sat two years ago i sat down with kevin and asked if he regret selling. then they bought whatsapp for $20 billion. he said no and talked about the great things facebook different instagram and talked about how great it was to work with mark zuckerberg. take a look at what you told me two years ago. kevin: thinking that like having thebest order member in world. imagine how many people would like to have mark zuckerberg on their board. but you getndent amazing guidance and counsel from someone who has been able to build a tremendous company. emily: fast-forward to today, this is what he said in his statement, we plan on leaving to explore our curiosity and creativity, holding you things require that we step back, understand what inspires us and match that with what we need. missing from the statement was anything about mark zuckerberg. at the very sarah: end he says something to the tune of, i wish the best of luck for both companies going forward. they're

and reacting to it also on facebook. we have that hashtag here also trending across the country i want to show you a lot of people tweeting today right here about jeff flake and what he did today and today's senate judiciary hearing this morning. nbc bay area robert handa joins us live in palo alto where there are a lot of dr. ford supporters robert. >> reporter: that's right and many of the supporters i talked to were amazed at the turn around. they were really down this morning until this republican senators decision led to that fbi investigation. >> many supporters of dr. christine blasey ford say believe the rallies like this helped turn up the public pressure and possibly change the course of the brett kavanaugh confirmation hearing. still, when senator jeff flake called for the fbi investigation before the floor vote .palo alto mayor said it was a big emotional leap from disappointment to elation. >> i was absolutely stunned. i didn't think there was a chance they would send it to the fbi, not a chance. so this is

instagram's founders are leaving facebook. the surprise announcement raising concerns over the future of the social network and competition with snapchat. big tech and congress agree on the need for stronger digital privacy laws. how strong will those privacy laws go? we will have the latest. first, salesforce kicked off its annual conference this week in san francisco with a record 170,000 attendees. this year, the company's outspoken cofounder marc benioff had a lot to talk about. in the last few months, he bought the iconic but struggling time magazine. he opened the tallest building west of the mississippi and appointed a co-ceo, promoting keith block to the top job. we sat down with him for a wide-ranging interview on the state of the company, the economy, and facebook, a company he says should be regulated like big tobacco. as usual, he did not hold back his opinions. i started by asking why benioff decided to share his job and title? marc: he's fabulous. he has been with us five years. he is a great operator. he has don

instagram founders are leaving facebook. this is raising concerns about the future of the platform and its competition with snapchat. and, the google ceo heads to washington to meet with washington officials behind closed doors. can he convinced there is no left-wing bias at google? salesforce kicks off its dream conference with a record 100,000 . attendees.- 100,000 the cofounder has bought time magazine and he is open be salesforce tower, the tallest building west of the mississippi, and he's taking on a co-ceo. we sat down with him on a wide-ranging interview. he did not hold back his strong opinions. asking why he decided to share his job and title with his new co-ceo. >> he is fabulous and has been with us for five years. and ia great operator feel like he needs to be recognized. the company-ceo and is now more successful than ever. emily: co-ceos have not necessarily worked out because it is harder to be decisive and efficient. how do you avoid those challenges? marc: those are things i tend to be ok on so i do not thi

you're on facebook how do i know.

facebook dramatically increased value within facebook and for marketers and advertisers it's really one ad's eco system which shares and uses learnings across facebook and instagram so, you know, i think it serves to create on the revenue and expense side and made instagram more valuable. >> but the question is under wloz leadership was it how independent did instagram run and if what happened you know, he was saying there was a growing tension between zuckerberg if they are out do they still get the positive contribution >> i don't think zuckerberg will be leading it. i think we could expect at instagram and very much part of its, you know, close to understanding that culture that he really oversaw as ceo we would expect him to take over and then this new head of instagram to report up probably up through mark zuckerberg i think it's inevitable when you a start up for there to be tension between the heads of those two companies. facebook understood it wanted to be creative in its own separate way. it is so there was an easy system to buy across facebook and instagram. so i think that f

basically in the past, instagram was very dependent on facebook for its growth, now facebook is becoming more dependent on instagram. emily: two years ago, i sat down with kevin systrom, and asked him, do you regret selling? they bought instagram for $16 billion. facebook bought whatsapp for $20 billion. of course, he said no and talked about all the great things facebook had done for instagram and talked about how great it was to work with mark zuckerberg. take a listen to what he told me two years ago. kevin: think of it like having like the best board member in the world. imagine how many companies would like to have mark zuckerberg on their board. that's what we get. it's independent, but you get amazing guidance from someone who has been able to build a tremendous company. emily: fast-forward to today, and this is what kevin systrom says in his statement. we will are planning on leaving instagram to explore our activity again and match that with what the world needs. that is what we plan to do. missing from the statement was anything about mark zuckerberg. sarah: what i thought was

according to snoop policies facebook demotes on to calls deemed to be fake. but significantly reduces the post's distribution it will also now stop five checking videos a means on the platform killable pintos details. facebook's new fact checking efforts are going a splendidly now that's a statement that definitely would not pass their fact checkers facebook the social media giant has recently begun efforts to crack down on fake news now the result has been a fight bigger than they could have expected the first side to come out swinging was the right wing with the president himself speaking up you look at google facebook twitter and other social media giants and i've made it clear that we as a country cannot tolerate political censorship blacklisting admiring search results but it didn't take too long for the left to start crying foul with roughly the same grievances as the right but the fake news crackdown in which an anonymous fact checker gets to decide what's true and what's not won't stop with news articles at this point facebook has announced it's going

facebook has been hacked again. oh, boy. we'll have tips from a privacy expert on how to keep your account safe ahead. >>> and also ahead, did a confrontation in an elevator change the course of brett kavanaugh's supreme court confirmation process? >> i have two children. i cannot imagine that for the next 50 years they will have to have someone in the supreme court who has been accused of violating a young girl. what are you doing, sir? i landed. i saw my leg did not look right. i was just finishing a ride. i felt this awful pain in my chest. i had a pe blood clot in my lung. i was scared. i had a dvt blood clot. having one really puts you in danger of having another. my doctor and i chose xarelto®. xarelto®. to help keep me protected. xarelto® is a latest-generation blood thinner that's... proven to treat and reduce the risk of dvt or pe blood clots from happening again. in clinical studies, almost 98% of patients on xarelto® did not experience another dvt or pe. xarelto® works differently. warfarin interferes with at

facebook's internal code. today the company announced they stole the personal information of 50 million facebook users starting on september 16th. alyssa avila thinks her account was hacked when she was mysteriously logged out of facebook two weeks ago. >> they told me someone tried to onto my account. you know when it says suspicious? that's what happened to me. >> reporter: how do you feel about that? >> bad. >> reporter: in a facebook post this morning facebook ceo mark zuckerberg said hackers got in through the view as app which allows people to get into a page as others would see it. in a conference call he said it would allow bugs to get into friends of those hacked. >> it would not only use it but pivot from that access code and log in as the next user and then try to get access to their friend. >> reporter: the breach might also have spread to other connected apps such as instagram. >> right now my security trust in facebook is at an all time low. >> reporter: some facebook users say it will be hard to

some people put all sorts of things on their facebook profile. it reminds us that we shouldn't put things on facebook and social media unless we have too. but also there is the link to the third—party apps that they can log in to and i don't think that has been explored fully yet. what about the kind of information that could potentially be accessed from the accou nts potentially be accessed from the accounts that are linked to facebook, their primary way of locking in? your reporter mentioned a few there, air b8b and tinder. just taking tinder, you can imagine the kind of sensitive details that people might gain from your account. in terms of the benefit to the hackers, is it financial? we don't know yet. i think they sound like they are quite sophisticated but it could be cybercriminalsjust looking at for money, nation state, looking for intelligence on things i suppose, or it could be both because they do work together. in terms of they do work together. in terms of the efforts that are trying to be put in place to prevent this happening aga

you know there are reports out that facebook c.e.o. mark zuckerberg make chili did put some top managers aside the two co-founders of instagram and that they might have been not happy about this they also had been some name changes so that also might have heard the brand name of instagram but there is also talk that there was quite some disagreement how many ads to put. on the instagram pages and that might also have been a reason why the two instagram co-founders left the company there's no doubt that has been and probably still is a huge just success story that almost has been a bargain looking big for facebook to buy instagram and twenty twelve for about one billion dollars just this summer instagram reached one billion diffuses now looking at the success that ensued instagram has been having it has been a bright spot for facebook because of its popularity was teens and young people a group that facebook has had trouble keeping around now what does this resignation of the instagram executives need to say. well there are a lot of ana

why do we think that facebook should police for nazis and t-mobile should not? why do we think that comcast -- i'm a big supporter of net neutrality. berin would argue that for the same reasons he doesn't want to see the platforms policed, he doesn't think that should apply to the isps either. but, you know, i'll let berin speak for himself on that, and i don't want to get into the net neutrality fight. but i will say that, you know, last year after the unite the right rally we had a lot of people saying we should not let the neo-nazi groups use certain platforms -- social media or the payment platforms like credit card platforms -- but not others like the telephone or an actual broadband connection. and we need to think about why we're distinguishing between these sites. and there are a lot of reasons why we would. i think that it's important that we be mindful about these things, but we recognize that a telephone has a lot of uses that have nothing what so far to do with, you know, organizing these, you know, for conspiracies about pizza parlors or whatever. a

need to take control over facebook settings in the first instance. also, users need to read the fine print. i know it is not designed in a way to be very accessible and companies such as facebook are trying to make their policies more transparent but users need to read and understand how information can be used, and without that they are making themselves vulnerable. now the latest headlines. strong aftershocks have continued to hit the indonesian island of sulawesi, where an earthquake and tsunami killed hundreds of people yesterday. dozens are still missing. theresa may arrives for the conservative conference in birmingham as the party apologises for a breach in security of the official conference app that revealed the contact details of senior politicians. a warning from the business secretary that a no—deal brexit could jeopardise britain's status as a world sport and for a full round up, from the bbc sport centre, here's... good evening, chris. europe will take a 10—6 lead into the final day of the ryder cup — they dominated the fourballs

the facebook general counsel said the same is true for facebook. again, i asked facebook c.e.o. mark zuckerberg on april 10, 2018, and he said, quote, internet research agency, the russian firm, ran about $100,000 worth of ads. worth of ads. following the hearing i asked facebook the same question in writing. we received a response that says we believe the annual revenue attributed to an authentic or false accounts is immaterial. what did you mean by immaterial? confused about the use of that term in this context. >> we believe the total of the ad spending we have found is about $100,000. i believe your question with the inorganic content is what is the possible revenue we could have made. here is the best way i have found to estimate that. 150een 2015 and 2017, up to million people may have seen the inorganic ads in our coservice. they don't run attach to any specific content that are scattered throughout. 0.004% ofuivalent to the material in the newsfeeds. but i will say that any amount is too much. are you saying, that the revenue generated was .004% of your annual revenue? t

not google. >> i've been very clear about facebook i think facebook has existential issues but more importantly how do i value a company that can't value the costs of securing their most important asset and i stay with that view. >> despite facebook's recent underperformance one options tradeder is betting a roub for the social giant mike ko is in san francisco to break it down. what did you see. >> this morning at the outset we see slightly above average put volume but to the end of the day to guy and kaern's point the sentiment changes and one of the lard larger trades we saw with the prfrp of the october calls for for shh 1.16 the buyer of those is making a bullish bet of for a recovery above the strok price this they paid up 4% in three woks looking to earnings on the 31st we see a slightly lower than normal implied move process it seems options trade remembers not concerned about today's announcements. >> thank, mike for more options excheck out the full show friday 5:30 p.m. eastern time head over to cnbc for for the facebook fallout you're watching "fast money" on cnbc in the

that is how facebook are notifying people. they are also logging out an additional a0 million people on top of the 50 million as a precaution although the second group of people, facebook say, they don't think have been affected. they are just making sure by logging them out as well and if people log in it should solve the near—term problem. they are also saying you do not have to change your password. shares in the us electric car maker tesla have fallen by almost 14% in a day — after american financial regulators said they were charging its boss, elon musk, with fraud. he's accused of deliberately misleading investors in his company about plans to return it to private ownership. mr musk says the lawsuit is unjustified — and tesla's directors say they have full confidence in him. in the last few hours he's tweeted on an apparently unrelated subject about tesla, saying he's sory for dificulties in delivering the cars to consumers, due to the high volume required. tens of thousands of passengers across ryanair tens of tho

and i think facebook. was so terrified of the public relations consequences of being tied to this political story that they you know they turtled and now we have this very dangerous situation we're. money type media distributor is working and with the government and that would never happened you know three years ago people would have been up in arms about it but here we are . you know we're it is this is go i mean you know because it's like all you see is this kind of condensing down you know ok we have like to give google and facebook are now controlling free speech you know you see you know what's five companies now only all of the media i mean it's just this complete condensing down is there do you think we're going to get past this is there hope do you think that we're going to break out of this of some point i don't know because what would what it would require is some kind of anti-monopoly like a you know and i trust action against these companies and i don't really see that on the horizon. i think t

it is a decision solely to be made by that are or facebook or any other service. if i were running twitter, would i have banned him? absolutely. incited people in pizza gate. any one of those things in my opinion as a private citizen or if i were operating twitter, i would consider as grounds to ban him but fundamentally what i think is important is that facebook and twitter are free to make their own decision. and they make them differently. facebook has always been more protective of its users, more willing to take down content that might be considered objectionable. twitter has always been more open. i think it is a good thing. even in that space though twitter does have some red lines. and i think alex jones crossed those a long time ago and they finally decided to take them down in good for them. this is one of those important points in debates. when does a private space become more of a public space or forum? and if so, when does it acquire this semi public character? additionally, we have concerns that alex jones was out there as a political speaker, a very

facebook has invited us in to this public space ahead of their it's your facebook weekend. we have selected the audience and nobody from facebook has seen any of the questions that we are going to be asking tonight. everyone with us here has got something to say, or some issues to raise, so let's go to them briefly. duncan, what do you want to find out tonight? for me, if you're going to watch my browsing habits, and market relevant products to me then that's a good thing but how much do you really know about us and who else knows that information? 0k, thank you, duncan. what about you 7 i take my online privacy extremely seriously. i would like to know how much control do i truly have over my data on facebook. thank you very much. to answer these and many other questions are some experts from facebook itself. why don't you introduce yourselves? thank you, my name isjessie de la merced and i work at facebook with the teams that build our products. so the features, all the updates, the buttons in our apps. for example, things like facebook watch that we rolled out recently.

and the personal data of millions of facebook users could be at risk after hackers attack the social media giants. play. i'm sorry kelly welcome to the program. germany has rolled out the red carpet for turkish president wretch up tie a pair to watch tonight he attended a state banquet in his honor at berlin's bellevue palace where he was greeted by the german president frank beltre steinmeyer it was a glamorous occasion that took place within earshot of noisy demonstrations against the turkish leader earlier aired one met with german chancellor angela merkel for talks aimed at repairing the fractured relationship between their countries and at a joint press conference in berlin chancellor merkel admitted that differences between them remain but said that she is hopeful of finding common ground this despite fierce criticism within germany of turkey's human rights record even in germany there are sometimes moments when journalists cannot behave exactly as they please president had a woman was in the middle of his press conference with chancellor merkel when a man stood up and revealed

the facebook general counsel said the same is true for facebook. again, i asked facebook c.e.o. mark zuckerberg on april 10, 2018, and he said, quote, internet research agency, the russian firm, ran about $100,000 worth of ads. following the hearing, i asked facebook the same question in writing. on june 8, 2018, we received a response that said, quote, we believe the annual revenue that is attribute to inauthentic or false accounts is immaterial. so my question is, what did you mean by immaterial? because i'm a bit confused by the use of that term in this context. ms. sandberg: so thank you for the question. so, again, we believe the total of the ad spending that we have found is about $100,000. so the question you're asking, with the inorganic content, what is the possible revenue we could have made? here's the best way i think to estimate that which is we believe between 2015 and 2017, up to 150 million people may have seen the i.r.a. ads or organic context in our service. the way our service works, ads don't run attached to any specific piece of content but they're scattered

facebook has always been more protective of its users. more willing to take down content that may be sensitive. it might be an open space for objection. that's a good thing. even in that space, twitter does have some red line and alex jones crossbows a long time ago. they finally decided to take him down and good for them. >> this is one of these important points in debate of when does a private space become more of a public face, a public forum index so, when does it acquire this sort of semi-public character? additionally, we have concerns of alex was out there as a political speaker, a very clear-cut case of just recklessly putting out games that were provably untrue and repeating them when corrected, and dating violence in a very obvious way. even in a state run public forum under what we would call reasonable time and place management, with a this is a president making conversation impossible and even if the first amendment did apply directly with the government form, we would say you're justified in kicking somebody out who's making

there's a lot of thank confidence on facebook that's and make sure that people know the truth that is you know diamond. i don't know what you're talking about but i told you we're talking about fake news we. ok fake news yeah there's a lot of obvious errors on facebook like an armed palestinians and happy marriage is a seventy percent of americans get their news from either google or facebook so programmer in chief zuckerberg has teamed up with these very neutral organizations to determine what is false the national democratic institute and the international republican institute which the cia created in one thousand nine hundred eighty three to advance america's interests globally and promote regime change very neutral so. i hope just like they convinced the new people a socialist government wasn't for them in the one nine hundred eighty s. they can tell jenny who post pictures of her changing her baby's diapers that maybe sharing isn't for her either. and maybe lay grooms are not for her baby. as you call these neutral these organizations wreak havoc in latin america to begin a level

facebook user should understand. put up thingso like privacy shortcuts to put all of your settings in one place and download your information you can download all of your information in a portable way and be able to take it with you. if a user has that information, he or she may not know the value. when the be helpful to be able to put some valuation on the data you are collecting from the user and publish that in a way so people know what their information is worth? this is one of the proposals you put out and we don't think it is a question of whether regulation, we think that we think it is a question of the right regulation that supports users, is transparent and is not squash innovation. >> more price transparency is always better and i think this would be something that would help users sort through. there was another question we talked in the past about. is there anything even with a willing user, are there any rights or details about an individual user that they should not be able to give up or consent to hav