Facebook Inc. (FB) shared its users' data with major companies to a far greater extent than it had previously admitted, the New York Times reported (https://www.nytimes.com/2018/12/18/technology/facebook-privacy.html?action=click&module=Top%20Stories&pgtype=Homepage) Tuesday night. Citing hundreds of pages of Facebook documents that it obtained, the Times said Facebook gave companies such as Microsoft Corp. (MSFT) , Netflix Inc. (NFLX), Spotify SA (SPOT) and Amazon.com Inc. (AMZN) extensive access to personal information, including the contact information of users' friends and the ability to read private messages. In all, the Times reported more than 150 companies, mostly tech-focused but including auto and media companies, access to the data as recently as this year. After a series of privacy scandals, Facebook has said that it long ago instituted strict privacy controls and that users have "complete control" over their information. A Facebook executive told the Times that the data-sharing did not violate users' privacy or break a 2011 FTC consent agreement that barred the social-media giant from sharing user information without their permission.
-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 19, 2018 05:39 ET (10:39 GMT)
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