Published: Thu, December 20, 2018
IT | By Emmett Cole

Facebook shares drop as data privacy fallout spreads

Facebook shares drop as data privacy fallout spreads

Facebook already has been buried in an avalanche of other lawsuits filed in federal and state courts, as well as regulatory investigations in both US and Europe into whether the company has violated laws by repeatedly allowing unauthorized access to the personal information of the almost 2.3 billion people on its private network.

A recent report from the New York Times suggests that private strategic partnerships between Facebook and other companies implicate the social media giant, not just the third-party application developers, in spreading users' data without their knowledge.

It further alleges Facebook misled users by allowing several app makers it called partners "to override Facebook consumers' privacy settings and access their information without their knowledge or consent".

Facebook said in a statement Wednesday that it's reviewing the lawsuit.

Civil rights organizations are outraged after a U.S. Senate report confirmed that Russian operatives used popular social media platforms to suppress African-American votes in the 2016 presidential election.

In 2013, a researcher launched a Facebook app, promoted as a personality quiz, which claimed to generate a personality profile.

Flashback:I reported back in July how Facebook's stock suffered the worst single-day market loss in history back in July amid the Cambridge Analytica scandal.

Sen. John N. Kennedy (R-La.) joined Bill Hemmer on "America's Newsroom" Wednesday to react to a bombshell report on Facebook giving big tech companies "intrusive access" to the personal data of its 2.2. billion users.

He said that could happen once as a mistake, but for it to happen again, "it's a choice" on the part of the company's leaders. In total, the effort allowed Cambridge Analytica to harvest insights on more than 87 million users around the world, including 71 million Americans, Facebook previously revealed.

At least six USA states have ongoing investigations into Facebook's privacy practices, according to state officials.

"Facebook has taken relatively little action commensurate with the action on the site", said Scott Simpson, public advocacy director ofMuslim Advocates, one of the organizations that led the development of the letter.

The court could award unspecified damages and impose a civil penalty of up to $5,000 per violation of the District's consumer protection law, or potentially close to $1.7 billion if penalised for each consumer affected.

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