Turmoil on Facebook post-Cambridge Analytica scandal
Facebook is in an uproar after the news broke that Cambridge Analytics harvested information of 50 million users. The chief security officer is reportedly resigning this year, while inventory decreased.
Facebook has agreed to brief House Judiciary Committee staff as soon as next Wednesday, the impact on Cambridge Analytica the use and exploitation of the user’s data of about 50 million people.
The social media giant is a difficult battle convincing lawmakers that the privacy of users is of the utmost importance for the company, because it is proven that a third party approached and saved the data of millions of users, and despite saying that it deleted the information.
Political data analytics company Cambridge Analytica, known for its ties to Donald Trump’s 2016 presidential campaign, is accused of wrongly obtaining data from the user after the creator of a quiz, which was taken by more than 270,000 people have passed the details of the company.
Various media claim that Facebook was aware of the situation in 2015.
It remains to be seen what Facebook official appears on Capitol Hill. Facebook-founder Mark Zuckerberg is under fire for silence over the matter and not speak in what seems to be the biggest scandal rocking the company since its inception more than a decade ago.
U.S. Sen. Amy Klobuchar, D-Minn., is calling for Zuckerberg to testify before the Senate Judiciary Committee.
“They keep saying, ‘Trust us, we can take care of our own people and our own website,’ ” Klobuchar said on Tuesday, according to the Star-Tribune of Minneapolis. “Well, that’s not true. … That is the attitude that got them in trouble.”
“They keep saying, ‘Trust us, we can take care of our own people and our own website.’ Well, that is not true. … That is the attitude that got them in trouble.”
– U.S. Sen. Amy Klobuchar, D-Minn.
The CEO reportedly snubbed its employees on Tuesday, internal briefing on the leaking of data, and not to see.
“The prevailing sentiment is, why have we not heard from Mark?” a Facebook representative told the Verge.
Zuckerberg’s silence prompted british Parliament openly calls from the founder to testify before a commission.
“The Commission has repeatedly asked Facebook about how companies acquire and hold on to user data from their site, and in particular on the question of whether data had been taken without their permission,” Damian Collins, chairman of the Digital, Culture, Media and Sport Committee, wrote in a letter to Zuckerberg.
“It is now time to hear from a senior Facebook executive with sufficient authority to give a precise description of this catastrophic failure of the process,” he continued. “Given your involvement in the start of the New Year to the” fix ” of Facebook, I hope that this representative will be.”
“It is now time to hear from a senior Facebook executive with sufficient authority to give a precise description of this catastrophic failure of the process”.
– Damian Collins, British members of Parliament
The controversy over the exploitation of the data led to calls to abandon the social media platform, in which a hashtag #DeleteFacebook trend this week, amid reports in the media of Cambridge Analytica, the exploitation of users ‘ data.
It is time. #deletefacebook
— Brian Acton (@brianacton) 20 March 2018
WhatsApp co-founder Brian Acton, who sold his company to Facebook for $19 billion in 2014, was one of those who are calling for customers to delete their Facebook accounts.
“It is time. #deletefacebook,” he tweeted to his 21,000 followers on Tuesday.
To make matters worse, there was a sharp drop in Facebook value over the last few days, with the stocks decline of more than 5 percent on Tuesday. On Monday, the shares of the company lost 6.8 percent of their value.
In other words, the social media giant shaved about $52 billion from the market cap.
The Associated Press contributed to this report.
Lukas Mikelionis is a reporter for FoxNews.com. Follow him on Twitter @LukasMikelionis.