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Facebook Stock crashes after Cambridge Analytica scandal



Facebook slipped $ 42 billion since The New York Times reported Friday that Cambridge Analytica "has collected private information from the Facebook profiles of more than 50 million users without their permission." After a weekend of backlash The social network's share fell seven percent on Monday, while the Dow Jones Industrial Average fell more than one percent. The stock decline also comes as the social networking site explores the connections of employee Joseph Chancellor to the data company. Chancellor is currently a "virtual reality researcher" on Facebook, but was the former director of Global Science Research (GSR) – the company that delivered the data to Cambridge Analytica, according to CBS News. A GSR spokesman told CBS that there was no recollection of any interactions or emails with Chancellor. At the weekend, Facebook suspended former Cambridge Analytica employee and whistleblower Christopher Wylie along with former GSR director Aleksandr Kogan


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