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Home / Business / Facebook celebrates one-year anniversary of the Cambridge Analytica scandal with "Nightmare Week"

Facebook celebrates one-year anniversary of the Cambridge Analytica scandal with "Nightmare Week"



If that's not enough, this weekend marks the first anniversary of the Cambridge Analytica scandal that has upgraded the company – an anniversary Facebook would forget almost all the world.

All the problems faced by Facebook and CEO Mark Zuckerberg since the year had suddenly collided: regulatory control, the battle for platform police and a growing exodus of executives in the midst of scandalless ground.

"It was a nightmare week for Zuckerberg and Facebook," said Daniel Ives, an analyst tracking Facebook for Wedbush. "Tech investors are getting more and more nervous" that "more turbulence could be ahead."

Facebook's shares fell 4% on Friday's early trading day before recovering somewhat. Facebook representatives did not respond immediately to a request for comments on this story.

Facebook started the year with a strong note. In January, the company announced a record profit in the last three months of 201
8, signaling a strong signal that the endless PR crises would not have affected business performance. At a conference call with analysts to discuss the results, Zuckerberg made a convincing note. "We started to turn a corner," he said.

Now it looks like Facebook is turning a corner and going into another wall.

While Facebook is working to overcome the privacy crises that plagued it last year, policymakers and regulators continue to examine the company. The prosecution is reportedly investigating Facebook's exchange of data with a number of large technology companies. The Federal Trade Commission is in talks with Facebook about a possible record fine. And the European officials evidently examine every step of the company.
To truly reform the world, Zuckerberg has written a detailed blog post this month about his plans to position Facebook as a "privacy-driven" platform. To get there, Zuckerberg said Facebook will emphasize private, encrypted and ephemeral talks about its products.

However, these steps can only contribute to the turmoil on Facebook's bank. Chris Cox, Facebook's chief product officer and Zuckerberg's long-time right-hander, announced Thursday that he was leaving the company. Both he and Zuckerberg pointed to the need for "leaders" who were enthusiastic about the new strategy.

Facebook also said that Chris Daniels, who was responsible for WhatsApp, leaves the company. In recent months, the company has lost its Chief Security Officer, its chief policy and communications officer, both the founders of Instagram and the CEO of WhatsApp.

These headlines, according to Ives, show that Facebook continues to grapple with the "ripple impact". from Cambridge Analytica.

  Facebook, YouTube and Twitter have difficulty dealing with New Zealand Videos

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But the limits of this two-pronged approach was on Friday during a massacre in a mosque in New Zealand clearly. One of the shooters seems to live the attack on Facebook for almost 17 minutes. Facebook said that it was "quickly removed", but only after it was made aware of the video by the New Zealand police. Copies of the video continue to be posted on Facebook, YouTube and Twitter.
The news once again sparked criticism that Facebook and other social media companies are not doing enough to tackle such content. At least, it reminds you of what Zuckerberg has said in the past: Protecting Facebook is a "never ending battle".

If this week is a clue, it could turn out that Facebook's house is okay too, a never-ending battle.

Sherisse Pham contributed to this report.


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