Facebook Inc fell more than 4 per cent before Monday's trading, according to Fortune News.
What happened?
On the news side, according to the British "Observer" and "Guardian" and the "New York Times" reported on the 17th, Cambridge Analytics "stole" 50 million Facebook users' information.It is one of the biggest user data leaks since the social media was founded.
Subsequently, under the pressure of public opinion, Facebook Inc announced that for the time beingBan two related organizations:
Strategic Communication Laboratories (SCL):
Mainly provide data analysis and strategic decision-making for official institutions around the world.
Cambridge Analytica:
Literally translated as Cambridge Analytics, the organization is known for its clients. As Trump's data operations team, they successfully helped Trump take office in 2016.
In the ban statement released to the public, Facebook Inc said:
SCL and Cambridge Analytics stole the personal information of 270000 Facebook Inc users through third-party apps logged in with FB, claiming that the information had been illegally resold.
Facebook IncWho did you finally hurt?
Over the past year, Facebook Inc has been faced with questions about the platform's strategy in the 2016 US presidential election, while Facebook Inc has been trying to reverse the focus of media attention.
This is the case with media revelations last year that Russia bought advertisements related to the US election on the Facebook Inc platform. According to Facebook Inc's public statement, only 10 million people saw the ads at first, but in the end the number reached 126 million.
Throughout the incident, Facebook Inc CEO and founder Mark Zuckerberg remained silent. When Congress questioned Facebook Inc, he also did not show up.
Although Facebook Inc is the largest social platform in the world, if it continues to expose news that harms the user experience, it will certainly have a negative impact on the number of its users.
More realistically, many people have begun to reduce their use of Facebook Inc. In the fourth quarter of last year, the number of daily Facebook Inc users in North America fell for the first time compared with the same period last year.
In addition, Mr Zuckerberg told investors on an earnings call that the time users spent on Facebook Inc's platform fell 5 per cent in the quarter. They say this is because Facebook Inc has made some technical adjustments to control low-quality content and bring a better experience to users.
Snowden made a strong voice: Facebook Inc is a "monitoring" company.
Edward Snowden, a former employee of the US National Intelligence Agency and the whistleblower of the Prism Gate incident, lashed out at Facebook Inc on Twitter on Saturday after the data leak was exposed. Facebook Inc was strongly condemned for collecting and selling customer data. He wrote twice that Facbook was not a victim but an accomplice.
Companies like Facbook used to be "monitoring" companies, but now they are branding themselves as "social media" companies.
In addition, John Mulholland, editor of the Guardian, also denounced Facebook Inc's threat to the newspaper, exposing Facebook Inc's attempt to suppress the news.
According to the latest news from the US financial website MarketWatch, a senior Democratic senator from Minnesota Amy Klobuchar and Louisiana Republican John Kennedy jointly called on Chuck Grassley, chairman of the Senate Judiciary Committee, to hold a hearing on the CEO of a technology company.
Facebook Inc and Alphabet Inc-CL C have accumulated an unprecedented amount of personal data and use it when displaying advertisements, including political advertisements. The lack of public oversight of data storage and political advertising has raised concerns about the fairness and privacy of American elections. "the two senators wrote. (editor / Wu Dongxia)