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Tag: Germany

Germany Investigating Facebook’s Face-Recognition Features Again

Data privacy officials in Germany have reopened a probe to look deeper at Facebook’s face recognition technology and determine if the social networking giant was collecting member photos without their knowledge.

In June, an investigation into Facebook’s database more…

Axel Springer Achieves Highest Profit in Company History

German publishing group Axel Springer AG said Wednesday it recorded its highest net profit ever in 2008, rebounding from a loss in 2007, when earnings were hurt by write-downs.

The Hamburg-based publisher of Germany’s Bild daily, the country’s largest circulation newspaper, booked a net profit of €571 million ($719 million) in 2008, compared with a loss of €288 million in 2007. The loss in 2007 was related to a write-down for the company’s stake in the PIN Group, a mail service joint venture Axel Springer had undertaken with other publishers.

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