Facebook parent Meta’s (NASDAQ:META) woes seem to continue unabated. The Wall Street Journal has reported that the social media giant has fired multiple employees for hijacking the accounts of its users. This also includes its security guards!
Further, some of the accused employees and contractors took over control of these accounts for bribes.
‘Oops’- the mechanism to enable employees in helping users regain control of their accounts has been in place at Facebook for a long time but in some instances, employees accepted bribes in the thousands of dollars from hackers to access the accounts.
While the mechanism was intended to be used only for special cases, its usage rose to over 50,000 tasks in 2020 from just about 22,000 three years prior.
Further, the Wall Street Journal added that one former contractor reset multiple accounts on behalf of hackers in exchange for payments in bitcoin (BTC-USD).
Meta recently laid off over 11,000 employees and its big Metaverse bet remains a cash-burning furnace.
In the meantime, Meta’s recent Q3 numbers indicated an uptick in monthly active users, and after a 67.5% rout year-to-date, where the stock goes next remains to be seen.
Read full Disclosure
