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Facebook retracts Cambridge Analytica label in 2017 – By Reuters

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© Reuters

Posted by Paresh Dave

OAKLAND, CALIFORNIA (Reuters) – Study Mark Zuckerberg for saying in a 2017 speech that Facebook was looking at “organizations like Cambridge Analytica,” according to details from his affidavit to the US Securities and Exchange Commission.

But it decided to remove the reference to a political consultancy that collected data from millions of Facebook users ahead of the 2016 US presidential election, a previously unreported move that could add fuel to shareholder allegations that Zuckerberg and other executives hid information from the public about one of them. The biggest privacy scandals.

When Meta executives learned about the issues with Cambridge Analytica, and how they responded to them, has been central to lawsuits in California and Delaware where shareholders allege executives breached their fiduciary duties and consumers allege mishandling of their private information.

Attorneys for both groups of plaintiffs declined to comment.

Facebook, now regulated as Meta Platforms Inc (NASDAQ: FT), ordered Cambridge Analytica in 2015 to delete inappropriately collected user information and said it considered the matter resolved until March 2018 when new concerns arose.

Zuckerberg, CEO of Meta, reiterated that timeline and indicated that he was advised not to name the organizations in the letter, according to a transcript of the February 2019 filing obtained by Reuters this month through a public records request.

Parts have been redacted, leaving it unclear why Zuckerberg suggested moving back to Cambridge six months ahead of additional accusations about it. Zuckerberg also acknowledges in the filing that he asked colleagues in January 2017 to assess Cambridge’s allegations about its impact on the election.

Meta declined to comment on the deleted reference besides saying that its case with the Securities and Exchange Commission has been settled for more than three years.

Media reports in March 2018 indicated that Cambridge continued to profit from Facebook’s data, prompting government investigations into data protection practices that Facebook has settled in the US for at least $5.1 billion.

The SEC, as part of its settled investigation, asked Zuckerberg in depositions regarding a draft letter he wrote about possible Russia meddling in the 2016 election through the misuse of Facebook’s services.

In the draft obtained by the SEC, Zuckerberg suggested, “We’re already looking at foreign actors including Russian intelligence, actors in other former Soviet countries, and organizations like Cambridge Analytica.”

Transcripts of his remarks broadcast live show that he said, “We are looking for foreign actors, including additional Russian groups and other former Soviet countries, as well as organizations such as the Campaigns.”

Zaman Qureshi, a policy advisor for consumer advocacy group The Real Facebook Oversight Board, said the filing should increase users’ suspicions of Meta.

“The obfuscation attempts go so far as to show that it is difficult to trust the company’s leadership,” Qureshi said.

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Red Flags That Your Spouse Is Hiding Money (And What To Do About It)

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Marriage can be hard enough without one spouse hiding money from the other.

When financial infidelity occurs in the form of “hidden cash,” a marriage or a live-forever relationship can easily be ended.

The truth is About 30% of American couples suffer from financial infidelity. Other evidence shows that more than 75% of couples describe the hidden money situation as negative and common 10% of these scenarios end in divorce.



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US judge orders Norwegian Cruise Line to pay $110m for use of Cuba port By Reuters

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© Reuters. Norwegian American Airlines cruise ship Marina arrives in Havana Bay, Cuba on March 9, 2017. REUTERS/Alexander Meneghini/File/File Photo

Written by Brian Ellsworth

MIAMI (Reuters) – Norwegian Shipping Line (NYSE) has to pay $110 million in compensation for the use of a port confiscated by the Cuban government in 1960, a US judge said Friday, marking a significant milestone for Cuban Americans. Who are seeking reparations for the Cold War era. Assets confiscation.

The decision by US District Judge Beth Bloom in Miami follows her decision in March that use of the Havana Cruise Terminal constituted smuggling of forfeited property belonging to the plaintiff, Delaware-registered Havana Docks Corp.

The decision read: “The judgment is made in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd.”

“The plaintiff was awarded $109,848,747.87 in damages,” it says, adding that the Norwegian must also pay an additional $3 million in legal fees and costs.

Norwegian Cruise Line did not immediately respond to a request for comment.

Cuban President Miguel Diaz-Canel has sharply criticized the Helms-Burton Act, calling it an extraterritorial violation of international law.

Havana Docks also sued Carnival Cruise Lines (NYSE: ), Royal Caribbean (NYSE:) and MSC under the Helms-Burton Act, which allows US citizens to sue over the use of property seized in Cuba after 1959.

The ruling could fuel more lawsuits by Cuban exiles pursuing claims, worth $2 billion, according to one estimate, over asset seizures under late Cuban leader Fidel Castro.

It may also serve as a reminder to multinational companies of the complexities that can come with doing business in Cuba.

In 2016, US cruise ships began traveling to Cuba for the first time in decades after a détente negotiated by former President Barack Obama eased some provisions of a Cold War US embargo.

But the Trump administration in 2019 ordered a halt to all such cruises amid efforts to pressure Cuba over its support for Venezuelan President Nicolas Maduro, Washington’s ideological foe.

The Trump administration has also allowed US citizens to sue third parties for using property seized by Cuban authorities, a provision of the Helms-Burton Act that every previous president has waived since the law was passed in 1996.

Havana Docs says Cuba, which has been under a US trade embargo for decades, has never compensated it for taking the drug.

The four cruise lines sued in 2019 in the US District Court for the Southern District of Florida. Bloom in March held the companies liable for damages under the Helms-Burton Act, also known as the Libertad Act.

According to the US-Cuban Economic and Trade Council, a nonprofit organization that provides information on relations between the two countries, 5,913 validated claims related to property seized in Cuba represent an estimated liability of nearly $2 billion.

Forty-four lawsuits have been filed under Title III of the Helms-Burton Act, the organization says.

“For the current plaintiffs of Cuban descent, (the decision) will give them a moment of relief,” said John Cavulich, the group’s president. “It will give them a moment to say ‘You can run but you can’t hide,'” Cavulich said.

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Is a Royal Caribbean or Carnival beverage package worth it?

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An all-inclusive beverage package that gives you access to beer, wine, liquor, bottled water, soda, specialty coffee, and even shakes/juices may cost more than your cruise fare.

This is especially true right now when many cruise cabins are being sold at discounted prices while the drinks package prices have gone up.

Deciding whether to purchase a drink package is a challenge because you have to estimate whether you will be drinking enough to cover the cost. Or, more importantly, whether you’d spend more if you decided not to purchase a drink package.



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