Washington: Washington DC’s top prosecutor is suing Facebook in the first significant US move to punish the firm for its role in the Cambridge Analytica scandal. District of Columbia Attorney General Karl Racine filed the lawsuit on Wednesday, said the Washington Post. It accused Facebook of allowing the wholesale scraping[Read More…]
Tag: Cambridge Analytica data scandal
Facebook loses $120 billion in market value over slow growth
Facing global backlash over the massive Cambridge Analytica data scandal, Facebook stock nosedived 20 per cent — wiping over $120 billion off the company’s market value — after its revenue and user growth in the second quarter of 2018 fell short of investor expectations. The social media giant late on[Read More…]