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Saving Grace

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Saving Grace

Re: Saving Grace post# 45332

Wednesday, 09/25/2019 12:00:10 PM

Wednesday, September 25, 2019 12:00:10 PM

Post# of 49450
Some U.S. lawmakers are calling on Facebook CEO Mark Zuckerberg to testify. British members of Parliament are summoning Zuckerberg too. Frustration is brewing within Facebook. But for now Zuckerberg is remaining silent about the uproar.

Investors are taking the matter seriously. Facebook stock closed down 2.5% on Tuesday after falling as much as 6% in intraday trading. Tens of billions of dollars have been wiped off Facebook's market value this week.

The scandal erupted over the weekend when The New York Times and UK media reported that Cambridge Analytica tried to influence American voters using information improperly gleaned from 50 million Facebook users.

https://money.cnn.com/2018/03/20/technology/facebook-data-scandal-deepens/index.html
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