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Inside Facebook (Apr 28th, 2017)

$FB (3:58 p.m. EST): $150.35 (↑ 2.645%) // 90-day high: $147.75 // 90-day low: $129.5 // More info

A 48-year-old man has been charged with fraud, aggravated identity theft, and money laundering after documents revealed he allegedly scammed Facebook and Google for more than $100 million. The man was masquerading as a Taiwanese electronics manufacturer. Evaldas Rimasauskas forged email addresses, invoices, and contracts to trick Facebook and Google into paying for electronic supplies. The payments were deposited into bank accounts in Latvia, Cyprus, Hong Kong, Slovenia, Hungary, and Lithuania. Over a two-year span, the suspect convinced accounting departments to make transfers worth tens of millions of dollars. – FORTUNE

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The “10 Concerts I’ve Been To, One is a Lie”  Facebook phenomenon may expose people to hackers and marketers. The Facebook meme asks users to list 10 concerts — nine they’ve attended and a fabricated one — and invites others to identify the fake one. Privacy experts said it could reveal too much about a person’s background and preferences and sounds like a security question — "Name the first concert you attended." Michael Kaiser, executive director of the National Cyber Security Alliance, said the concert post could telegraph information about a user’s age, musical tastes and even religious affiliation — all of which would be desirable to marketers hoping to target ads. “You are expressing things about you, maybe in more subtle ways than you might think,” he said. – NYT

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Facebook will allow content producers to earn advertising dollars even on videos that have been pirated and shared on other pages.The Rights Manager tool now gives creators multiple options for when their videos are stolen. After they flag the video, creators can decide whether they want the system to block offending content immediately after it's been uploaded, monitor the pirated video's metrics in order to make a more informed decision, or claim ad earnings for the video content. If a pirated video includes a new mid-roll ad break, the revenue will be sent to the content owner instead of the uploader who stole it. – ENGADGET

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Facebook CEO Mark Zuckerberg said he has data that “does not contradict” a key U.S. intelligence report that describes “information warfare” ordered by Russian President Vladimir Putin and carried out on Facebook and across the web. “Russia’s goals were to undermine public faith in the U.S. democratic process, denigrate Secretary Clinton, and harm her electability and potential presidency,” officials wrote in a declassified version of the U.S. Director of National Intelligence report in January. Facebook in its own report on April 27 said that it has a problem with what it calls “information operations,” government-run efforts to use Facebook to manipulate public opinion, distort domestic or foreign political sentiment, and influence the outcome of elections. – THE ATLANTIC

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A Thai mother watched her infant daughter hanged on Facebook Live and reported the crime to authorities. She was with her older brother when they came across her boyfriend's live stream. "He was scrolling down and suddenly we saw the live broadcast," Jiranuch Trirat said. "I turned to take a look and saw him drop my daughter with the rope and I couldn't continue to watch." In a four-minute long video, 21-year-old Wuttisan Wongtalay tied a rope around his and Trirat's 11-month-old daughter Natalee's neck before dropping the screaming infant from the side of a building. The man then hanged himself. – NYDN

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People in Pakistan are deleting their Facebook posts out of fear of a deadly retaliation. “People are being killed for their Facebook posts. I don’t want to be killed, so I am deleting my account,” Muhammad Aslam, a shop owner in the Pakistani town of Chichawatni, wrote on Facebook. “Someone issued a death edict against me for my post on Facebook. ”A mob tortured and killed university student Mashal Khan this month for allegedly sharing blasphemous content on Facebook about Islam and the prophet Mohammed. Khan before his death said someone created a fake account in his name. Insults against the Mohammed or Islam is a crime of blasphemy punishable by death in Pakistan. – USA TODAY

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Vietnam says it has struck a deal with Facebook to block content that violates the country's laws. According to the Vietnam government, Facebook's commitment came during a meeting between with Vietnam government officials on Wednesday. "Facebook will set up a separate channel to directly coordinate with Vietnam's communication and information ministry to prioritize requests from the ministry and other competent authorities in the country," the statement said. The firm will also remove fake accounts and fake content about senior government officials, it said. Communist Vietnam complained in February about "toxic" anti-government and offensive content on the social networking site. – FORTUNE

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