DealBook Briefing: Are Facebook’s Latest Privacy Changes Enough?

Supported by Are Facebook’s Latest Privacy Changes Enough?: DealBook Briefing Photo Credit Noah Berger/Associated Press Good Thursday morning. Here’s what we’re watching:
• Mark Zuckerberg has disclosed more on how much Facebook user data may have been accessed.
• The White House is still talking tough on trade with China.
• Blackstone’s infrastructure fund isn’t doing so well.
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‘That was a huge mistake, and it was my mistake’What emerged from Facebook yesterday — in Mark Zuckerberg’s conference call with reporters and in a company blog post — were revelations that users’ public data was more compromised than previously thought.
• Facebook said Cambridge Analytica harvested the data of 87 million users, not 50 million.
• A vulnerability in search and account recovery functions may have exposed “most” of Facebook’s 2 billion users to unauthorized harvesting of their public profile information.
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Biafra: President Buhari And His Fellow Corrupt Northern Leaders: A Prey To Radio Nigeria Hausa Service Powered By IPOB

  By Onoja Christian Obinna  For over some months now, it has been an awful nightmare for the northern political elites since the launching and subsequent broadcasting of “eye-opening” messages via Radio Nigeria Hausa Service: a platform piloted by the Indigenous People of Biafra (IPOB) which is now blasting out loud in the heart of…

Asset managers must assess value they offer investors under strict new FCA rules

Asset managers will have to prove their value for money
Asset managers must assess each year how much value for money they offer investors, Britain’s markets watchdog said on Thursday, stopping short of tougher measures called for by critics of the 7 trillion pound sector.
The Financial Conduct Authority (FCA) said asset managers would have 18 months to prepare for a requirement from September 2019 to make an annual assessment of value, as part of their duty to act in the best interests of investors.
In a requirement that will take effect six months later than originally indicated, asset managers will have to publish their value assessments and show if any corrective action was taken if charges were identified as not being justified.
Read more UK services sector felt the chill from the Beast from the East After pressure from industry, the value for money idea floated in last year’s review has been broadened to overall value to avoid what the FCA says is too much focus on costs.
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Zuckerberg's job is as safe as he wants it to be thanks to Wall Street's investors

There are good grounds to ask whether the Facebook boss is the right man to lead the business through its current turbulence, but the company has been set up to make such a debate irrelevant
Should Mark Zuckerberg quit as the chairman and CEO of Facebook?
The question is now being asked, and seriously enough for Mr Zuckerberg to have to address it in the round of media calls, meetings and appearances he’s been making.
The arguments in favour are quite persuasive. It’s not just the data scandal that has wiped billions of dollars off the company’s market value, although that would be enough for some. It’s the cackhanded way it has been handled. Despite the fact that it must have known what was coming, Facebook has resembled a lone swimmer caught by a powerful current, desperately trying to find a ring to cling to.
Read more Mark Zuckerberg refuses to quit Facebook Tinder stops working as Facebook privacy changes make app go down Facebook scans things you send on Messenger app T..

Shopping centre giant Hammerson stalls Intu takeover as it awaits clarity over rival offer

Trafford Centre and Birmingham Bull Ring owner says a takeover approach from its rival Klepierre is 'wholly inadequate'
Hammerson will not finalise its £3.4bn tie-up with Intu as it awaits clarity on a takeover approach from European rival Klepierre.
The shopping centre giant said in a trading statement that while Klepierre's position “remains unclear”, the board does “not intend to finalise shareholder documents in relation to the proposed acquisition of Intu”.
Hammerson has branded Klepierre's £4.88bn cash-and-shares offer “wholly inadequate” and “entirely opportunistic”, but the French firm has until 16 April to “put up or shut up” with a formal offer.
Read more Vodafone beats O2, EE and Three to take biggest share of 5G spectrum Bull Ring owner Hammerson would prefer to press ahead with an all-share takeover of rival Intu, which would create Britain's biggest property company with £21bn worth of assets across Europe.
Intu operates the Trafford Centr..

UK services sector felt the chill from the Beast from the East

The slowdown in services could lead to a dip in GDP growth, IHS Markit said
New data has revealed activity in the UK services sector fell to its lowest level since the Brexit vote in March, due in large part to bad weather conditions.
The latest IHS Markit purchasing managers’ index (PMI) for services business activity dropped from 54.5 in February to 51.7 last month, the weakest service sector performance since July 2016.
Read more Construction suffers biggest drop in activity since Brexit vote The pound dropped against the dollar when the numbers were released, tumbling by around 0.3 per cent to $1.404, before recovering to hover around $1.406.
According to the research, survey respondents “noted that snow disruption and unusually bad weather conditions in March had been a key factor holding back business activity growth”. The UK was brought to a near-standstill several times throughout the month as the Beast from the East brought strong winds, icy temperatures and heavy sno..

Pentagon Wades Deeper Into Detainee Operations in Syria

Pentagon Wades Deeper Into Detainee Operations in Syria Photo A Bahraini man suspected of aiding ISIS was detained by Kurdish forces in Syria in February. Several thousand detainees are being held in camps in northern Syria, American and Kurdish officials said. Credit Delil Souleiman/Agence France-Presse — Getty Images WASHINGTON — The United States military is spending about $1 million to help detain thousands of Islamic State fighters and their family members in makeshift camps run by Kurdish militias in northern Syria, pulling the Pentagon deeper into the war zone detention operations it has sought to avoid.
The dilemma is unfolding even as President Trump has pledged to withdraw the 2,000 remaining United States troops in Syria, many of whom are vetting the most dangerous detainees, and suspend more than $200 million in State Department recovery funds for the country.
Defense Department and Kurdish officials said several thousand detainees — including at least 400 fighters from mor..