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Facebook Shares Drop After Canadian Whistleblower Reveals Abuse Of Data From Millions Of Users! (Data Possibly Used To Aid Trump's Campaign)

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72,651
date submitted
Mar 21, 2018
DESCRIPTION

Politicians in the United States and Britain are threatening to haul Facebook executives, including founder Mark Zuckerberg, before legislative committees in the coming months, amid revelations about the private data of tens of millions of users being misused – beginning years ago – to fuel deeply polarizing political campaigns. The political outcry erupted this weekend after a 28-year-old Canadian political consultant emerged as a whistle-blower. In media reports, Chris Wylie described working with former Donald Trump aide Steve Bannon to mine data, after first finessing a massive dataset from Facebook, drawing upon the personal data of 50 million users. Facebook shares were being hammered on the news. The stock fell as much as 6.8 per cent Monday in New York, wiping out all of the year’s gains so far. It was the biggest intraday drop since Jan. 12. Posted By Persist

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