Facebook stock slips 4 percent after Cambridge Analytica scandal

Use the mic Zuckerberg

Facebook shares plunged Monday as the social media giant faced an onslaught of criticism at home and overseas over revelations that a firm working for Donald Trump's presidential campaign harvested and misused data on 50 million members. Last Friday, Facebook that it had banned Cambridge Analytica from its platform - just before a joint investigation about the firm and its tactics was published by the New York Times and Observer.

"We see this as a coordinated attack by the media that's been going on for very many months in order to damage the company that had some involvement with the election of Donald Trump", Nix said in an interview with the BBC that was posted on the network's Twitter feed.

However, since the app also collected data of their friends, about 50 million total Facebook profiles were collected. But he says Trump's former campaign manager Corey Lewandowski was meeting with Cambridge Analytica in 2015, before Trump even announced his run for office. Cambridge Analytica previously aided Republican Sen.

I think the story is about a researcher who flagrantly violated the likely terms of any data-sharing agreement he had with Facebook for research purposes and the company, Cambridge Analytica, that either knowingly or unknowingly used the data for potentially nefarious purposes without vetting the source of that data and any restrictions associated with it.

In a statement Monday, Cambridge Analytica "strongly denied" the allegations that it had improperly obtained Facebook data.

The firms psychographic modeling techniques, which were built in part with the data harvested from Facebook, underpinned its work for the Trump campaign in 2016, though many have questioned their effectiveness. The app scraped private information from their Facebook profiles, including data from 50 million of their unwitting Facebook friends. The Trump campaign hired the analytics firm in July, 2016 and ended up paying $5.9 million for its services.

Singapore leaders congratulate Chinese President Xi and Premier Li
It comes a day after party leader Xi Jinping was reappointed China's president with no limits on how many terms he can serve. On Saturday, a key Xi ally, Wang Qishan, was appointed to the previously ceremonial post of vice president.

The European Union has launched an investigation into Facebook and Cambridge Analytica.

At the time, the idea was viewed as too invasive and raised concerns with the Liberals, who declined to have anything to do with it, said the insider: Wylie's recommended data-collection approach spooked party officials to the point that it became an significant factor behind their decision not to renew his contract in 2009.

The same day, Facebook said it had hired forensic auditors to examine whether Cambridge Analytica had held on to data allegedly passed to it by an academic at Cambridge University, Aleksandr Kogan, who gained access to Facebook's platform for research purposes several years ago. Ted Cruz during the 2016 presidential primary. For voters who care about tradition, it could push the importance of making sure grandfathers can offer family shooting lessons. For someone identified as introverted, a pitch might describe keeping guns for protection against crime.

The company did not immediately respond to a request for comment from HuffPost on Monday.

"It's sort of like the digital shadow of yourself", Wylie said. What's different here is the use of data to try to influence who you are voting for - or whether you are voting at all.

The Pew Research Center said two-thirds of Americans get at least some of their news on social media, according on Pew Research Center. But Facebook rebuked that claim as "completely false" because the data was obtained by misleading the company and its users rather than by infiltrating its security systems.

Related news:

Hot News

isis-killer-beheading-video-story-top 'Sex and the City' star Cynthia Nixon running for governor
Mar 20, 2018 - 04:46
On the Republican side, Dutchess County Executive Marc Molinaro and state Senator John DeFrancisco both plan runs. She also accuses Cuomo of allowing NY to become "the most unequal state in the country" when it comes to income.

isis-killer-beheading-video-story-top Apparent Democratic Win in Pennsylvania Warning Sign for Republicans
Mar 20, 2018 - 04:45
With Lamb holding a narrow lead, Pelosi said in a brief interview with The Associated Press that the triumph is "already there". But the bottom line is when he votes, he's going to vote with Nancy Pelosi ... he's not going to vote with the Republicans.

isis-killer-beheading-video-story-top Trump proposes 'large-scale' ad campaign to combat opioids
Mar 20, 2018 - 04:44
Sununu (R) and Manchester Mayor Joyce Craig (D), Trump greeted firefighters and hailed the safe station as a national model. They fear that it will overshadow proposals from the White House and in Congress for prevention and treatment.

isis-killer-beheading-video-story-top U.S. college student missing in Bermuda
Mar 20, 2018 - 04:43
Anyone with photos, videos or any other information should contact police on 295-0011 or Crimestoppers anonymously on 800-8477. A statement from Bermuda Police said: "The appeal continues regarding missing American visitor 19-year-old Mark Dombroski".

isis-killer-beheading-video-story-top Trump Banning Americans From Buying Venezuelan Cryptocurrency
Mar 20, 2018 - 04:42
An Israeli and Venezuelan economist, he is also an associate at the Harvard Center for International Development. In February, Venezuela launched the petro , allegedly raising $735 million, according to Maduro's tweet .

isis-killer-beheading-video-story-top Putin wins another six years at Russia's helm in landslide victory
Mar 20, 2018 - 04:36
Valentina Matviyenko, speaker of the upper house, hailed the victory as a moral one over the West. Putin received more than 92 percent of the vote in Crimea, annexed from Ukraine in 2014.

isis-killer-beheading-video-story-top Russia summons British ambassador
Mar 19, 2018 - 00:17
Britain's western allies have this week united behind the UK government . Kremlin spokesman Dmitry Peskov, speaking to CNN, slammed that remark.

isis-killer-beheading-video-story-top Loyola makes No. 3 seed Tennessee its second last-second conquest
Mar 19, 2018 - 00:16
With the loss to Loyola, Tennessee dropped to 0-4 against Missouri Valley opponents in the NCAA Tournament. Loyola will advance to take on the victor of the 2/7 matchup between Cincinnati and Nevada.

isis-killer-beheading-video-story-top 5 of a family killed in Pak firing along LoC
Mar 19, 2018 - 00:13
The injured include Nasreen Kouser, daughters of Mohammed Ramzan - 11-year-old Nasreen Kouser and 5-year-old Mahreen Kouser. Army PRO Lieutenant Colonel Devender Anand said the ceasefire violation by Pakistan in Bimber Gali started around 7.45 am.

isis-killer-beheading-video-story-top Michigan State player from Duncanville hits wild 3-pointer at halftime buzzer
Mar 19, 2018 - 00:09
This was an incredible effort from a gritty, gutty Syracuse team, which fielded just seven available scholarship players. And the lack of crisp ball movement from Winston among others coincided with Michigan State's offensive inconsistencies.

isis-killer-beheading-video-story-top Added Police Patrols In Effect For St. Patrick's Day
Mar 19, 2018 - 00:09
Patrick's Day weekend in 2016, nine people were killed and 499 people were injured in motor vehicle crashes statewide. Don't let alcohol and or drug impairment cause you to be a risk to yourself and others on the road.

isis-killer-beheading-video-story-top Mourinho favourites Lukaku, Matic send Man Utd into semi-finals
Mar 19, 2018 - 00:09
Manchester United have shown some good form in the Premier League in the past couple of weeks following two huge victories. The Portuguese did not hold back, and concluded that it was the youngster's worst performance in a United shirt.

isis-killer-beheading-video-story-top Mueller has McCabe memos of interactions with Trump
Mar 19, 2018 - 00:05
Senate Intelligence Committee Vice-Chairman Mark Warner called for a bipartisan defence of Mueller's Russian Federation probe. This is part of an effort to discredit me as a witness", he said in a lengthy statement .

isis-killer-beheading-video-story-top Roger Federer Wins 16th Straight Match, Enters Semi-Finals Of Indian Wells
Mar 18, 2018 - 02:05
Kasatkina dropped her racket near the baseline and covered her face with her hands as she walked to the net. Federer will play Borna Coric in the Indian Wells semi-final late on Saturday night (UK time).

isis-killer-beheading-video-story-top Spy poisoning: Russian Federation 'underestimates United Kingdom allies'
Mar 18, 2018 - 02:02
Sergei Skripal and his daughter Yulia remain in a critical condition after the March 4 attack in the English city of Salisbury. Britain, the US, Germany and France jointly called on Russian Federation on Thursday to explain the attack.