With the exponential growth of social media paradigm, the requests for social data access from government authorities have rushed up as well, according to Facebook Inc (NASDAQ:FB). The social media giant reported 24% increase in user information requests from the government during the first half of 2014.
According to the data released by Facebook Inc, Government authorities have requested user data 34,946 times during the first six months of the current year. At the same, the company registered 19% content restriction incidents because of several local laws. The number of requests has increased by 24% as compared to the number of requests during the second half of 2013.
Facebook Inc (NASDAQ:FB) said in a blog post,
“We’re aggressively pursuing an appeal to a higher court to invalidate these sweeping warrants and to force the government to return the data it has seized.”
The social network announced its effort to increase transparency in these government requests and the company even declined a government request asking for all the data related to its 400 users. Facebook supported USA Freedom Act in the blog post and mentioned its efforts to safeguard its member’s information.
Earlier, a report post earlier mentioned that the company has more monthly active users (MAUs) than the overall population of China. Facebook Inc (NASDAQ:FB) has over 1.4 billion users which equals nearly 50% of the global internet users. At the same time, analyst from Morgan Stanley placed long-term growth bets on the social networking giant based upon its target based ad effectiveness. The company is likely to achieve mobile ad penetration of 70% by 2020 making it one of the most effective advertisement platforms available online.
Shares of Facebook Inc (NASDAQ:FB) trade at $75.76 per share with nearly 6% drop in its share prices after the social networking company announced its third quarter 2014 results.
This article has been written by Prakash Pandey.