Facebook stored millions of Instagram passwords unprotected

Instagram logo on the cell phone screen
Instagram logo. Photo: Alvin Chan/SOPA Images/LightRocket via Getty Images

Facebook said Thursday that it stored millions of Instagram passwords without proper security, expanding a disclosure in March that Facebook passwords had been left visible and unprotected inside the company's servers.

Why it matters: Per Axios' Ina Fried: "It’s yet another example of Facebook mishandling customer information. It follows yesterday’s disclosure that the social network had accessed 1.5 million customers contact information without their permission."

Instagram launches in-app shopping

A line of people sitting down and browsing Instagram on smartphones
Scrolling through the Insta feed. Photo: Mauricio Santana/Getty Images

Instagram announced Tuesday that it is launching an in-app checkout function with big brands like Adidas, H&M, Zara and Kylie Cosmetics that will allow users to buy from those companies' ads without leaving Instagram.

Why it matters: Instagram ads are especially successful at getting users to pay attention to brands because they can utilize something Amazon and other retailers don't have — data on what people think is cool. Now, several massive brands can swiftly turn those targeted ads into purchases.

Go deeper ... The future of online shopping: Ads that let you try things on