Mark Zuckerberg, the Facebook founder has been formally asked to testify before the Congress concerning the use of Facebook data by a third party to run polls. The call has been made by both America and United Kingdom to the CEO to testify amid the Cambridge Analytica data controversy.
In addition, other Facebook latest news is that Facebook has been put in the spotlight by advertisers due to Cambridge Analytica data scandal. The advertisers are asking for answers regarding the scandal as they claim that millions of profiles were taken and used to influence voters. Trade body ISBA, with more than 3000 brands have asked for the full account of what transpired and if personal data is secure.
Also in the Facebook latest news, Facebook is set to become a regulated public utility. That is, before the user’s profile data is taken, the user must have the consent. Any misuse of the data will lead to prosecutions of the parties involved.
United States tech giants like Facebook are set to have new taxes as part of a crackdown by the European Commission. This will be to ensure fairness and growth.
Facebook shareholders have sued the firm due to a sudden drop in the price of the shares. The drop in the price of the shares has been brought about by raise of the Cambridge Analytica scandal. The shareholders have said that the company misled them by not telling them that they allowed access to user’s data by a third party. This has led to investors making a lot of loses. As it stands by now, shares have crashed by 11 percent.
There has been a campaign for Facebook users to delete their accounts due to the latest scandal of their data being misused. Deleting the account may be easier but very few people are willing to. So the campaign is kicking off slowly.