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Facebook Sinks After Confirming Ad Growth To Slow Down "Meaningfully"

Facebook Sinks After Confirming Ad Growth To Slow Down "Meaningfully"

Update: If it was still a question in anyone's mind whether Facebook was really going to slow down ad revenue growth, it's not anymore. CFO Wehner was very clear in his comments.

Wehner is doubling down on the comments from last quarter that ad growth will come down "meaningfully.'' He's also maintaining the forecast of new spending of $7 billion to $7.5 billion this year, 50 percent more than last year.

 

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Former Facebook Exec: "They're Lying Through Their Teeth"

Authored by Antonio Garcia-Martinez (former Facebook product manager), author of Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley, originally posted at The Guardian,

For two years I was charged with turning Facebook data into money, by any legal means. If you browse the internet or buy items in physical stores, and then see ads related to those purchases on Facebook, blame me. I helped create the first versions of that, way back in 2012.

WikiLeaks Reveals The "Snowden Stopper": CIA Tool To Track Whistleblowers

As the latest installment of it's 'Vault 7' series, WikiLeaks has just dropped a user manual describing a CIA project known as ‘Scribbles’ (a.k.a. the "Snowden Stopper"), a piece of software purportedly designed to allow the embedding of ‘web beacon’ tags into documents “likely to be stolen.”  The web beacon tags are apparently able to collect information about an end user of a document and relay that information back to the beacon's creator without being detected. Per WikiLeaks' press release:

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