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Photo: Alberto Pezzali/NurPhoto via Getty Images

Facebook has increased the number of people it says may have been impacted by the Cambridge Analytica scandal from 50 million in earlier reports to 87 million and will begin telling people if their information may have been improperly shared.

Why it matters: The company is announcing nine changes to how it shares data in response to the data improperly shared with Cambridge Analytica. Earlier today the company updated its terms of service for first time since 2015.

Facebook is also updating its policies around data restrictions on its platforms. 

  • The main changes are to its backend application programming interfaces (API) that will restrict outside developers from accessing user data collected through Facebook events, groups and pages.
  • It's also restricting access to data through Facebook Login, a tool for software developers that lets users of their applications use Facebook credentials to access their products.

The bigger picture: The update is a part of a much bigger barrage of privacy updates ahead of CEO Mark Zuckerberg's first-ever testimony before Congress, where lawmakers will grill the 33-year-old executive about his company's data practices.

What's next: Zuckerberg is talking to reporters on a conference call at 4:00 p.m. ET.

Go deeper

Biden signs order overturning Trump's transgender military ban

Photo: Tom Brenner/Getty Images

President Biden signed an executive order on Monday overturning the Trump administration's ban on transgender Americans serving in the military.

Why it matters: The ban, which allowed the military to bar openly transgender recruits and discharge people for not living as their sex assigned at birth, affected up to 15,000 service members, according to tallies from the National Center for Transgender Equality and Transgender American Veterans Association.

GOP Sen. Rob Portman will not run for re-election, citing "partisan gridlock"

Photo: Drew Angerer/Getty Images

Sen. Rob Portman (R-Ohio) announced Monday he will not run for a third term in the U.S. Senate in 2022, citing "partisan gridlock."

Why it matters: It's a surprise retirement from a prominent Senate Republican who easily won re-election in 2016 and was expected to do so again in 2022, creating an open Senate seat in a red-leaning swing state.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Merger Monday has been overrun by SPACs

Illustration: Aïda Amer/Axios

Five companies this morning announced plans to go public via reverse mergers with SPACs, at an aggregate market value of more than $15 billion. And there might be even more by the time you read this.

The bottom line: SPAC merger activity hasn't peaked. If anything, it's just getting started.

You’ve caught up. Now what?

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