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NYT: Facebook has data deals with four Chinese electronics companies

Published 06/06/2018, 08:18 AM
© Reuters. NYT: Facebook has data deals with four Chinese electronics companies
META
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  • Facebook (NASDAQ:FB) discloses data-sharing partnerships with at least four Chinese electronics companies with the agreements dating back before its 2009 ban in China.
  • The companies include telecom equipment company Huawei, which was given private access to user data. US intelligence officials have flagged Huawei as a potential national security threat.
  • The other companies getting data access were Lenovo, Oppo, and TCL.
  • Facebook tells The New York Times that the partnerships remain in effect but Facebook plans to wind down the Huawei deal by the end of this week.
  • The company says it struck the agreements before the ban to help make Facebook work better on phones before the standalone apps worked well.
  • Facebook shares are down 0.5% premarket to $191.90.
  • Now read: Avoid Facebook Into Earnings


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