All posts tagged “Facebook

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Facebook, There And Back Again

Two months ago, on March 17th, the news broke that a company called Cambridge Analytica was using Facebook to compile user data to target American voters.  The scandal, led to a multitude of events, from Facebook testifying in congress, to them changing their privacy policy (only slightly). On Wall Street, these news stories led to a 16% decrease in Facebook share prices, from $185,09, to $152,22 ten days later. However, now that the daily news stories on Facebook and Cambridge Analytica have passed, share prices have gone up again and closed at $186,99 on May 11. It shows how reactionary stock markets are. (source)

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Gender Pay Gap (UK)

Today is the deadline for companies active in the UK, and who have 250 or more employees, to submit their data on gender pay gap information. As of last week, only half of UK companies required to, had done so. Facebook did publish its figures last Thursday. The average bonuses for female Facebook employees were almost 40% lower than those of their male colleagues, who (slightly) more often get a bonus. Furthermore, Facebook reports a 0.84 percent difference between the genders, which means than women earned 99 pence ($1.39) for every £1 ($1.41) that men received. The graph above, made by the Financial Times, is based on all submitted data as of 2 March. (source)