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10 things in tech you need to know today (FB)
Mike Blake/Reuters
Good morning! Here is the tech news you need to know this Friday.
1. Facebook will review all third-party apps that had access to 'large amounts of data' through its platform to prevent another Cambridge Analytica scandal. The company will also inform users of data misuse.
2. Firefox maker Mozilla will pause ads on Facebook because of the Cambridge Analytica debacle. The software maker implored Facebook to "respect" its users.
3. Dropbox is going public at a $9.2 billion (£6.5 billion) valuation — better than expected, but still below its reported private valuation of $10 billion (£7.1 billion). The firm priced its its initial public offering on Thursday at $21 a share.
4. Guccifer 2.0, a hacker who targeted the Democrats during the presidential election in 2016, is reportedly tied directly to the GRU, Russia's military intelligence outfit. The hacker has previously denied any Russian ties.
5. The EU wants to introduce stricter taxes on online tech giants such as Google, Amazon, and Facebook, which currently pay low taxes in the region. Under the proposals, companies would need to pay 3% of their turnover from online services.
6. Elon Musk has won shareholder approval for a massive pay deal, with a maximum payout of $55 billion (£39 billion). That's only if he hits certain targets and turns Tesla into a $650 billion company.
7. British politicians have summoned the suspended CEO of Cambridge Analytica, Alexander Nix, to demand explanations for his contradictory evidence. Nix told MPs in February that Cambridge Analytica did not use Facebook data, but whistleblower Christopher Wylie revealed the firm scraped up to 50 million user profiles.
8. Instagram is testing out a button that lets people view photos from newest to oldest again. The company has had a backlash since introducing a new algorithm that often prioritises days-old posts.
9. Craigslist has pulled all personal ads after the US passed a sex trafficking bill making websites more liable for people misusing ads. The company said "any tool or service can be misused."
10. Sir Tim Berners-Lee, the British creator of the web, advised Mark Zuckerberg that he could "fix" the Cambridge Analytica scandal and sympathised that he must feel "devastated." Berners-Lee also warned people to care more about their data.
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