Facebook shares plunge in pre-market Monday

Get the DML App. CLICK HERE

According to CNBC, Facebook shares fell over 3 percent in pre-market trade Monday after reports that Cambridge Analytica mined the data of over 50 million users of the social network without their permission.

Cambridge Analytica worked on Facebook ads for President Donald Trump during the 2016 election. It was initially funded by conservative billionaire Robert Mercer and led by former Trump advisor Steve Bannon.

Whistleblower Christopher Wylie revealed the alleged role played by Cambridge Analytica in obtaining data from Facebook users to The Observer newspaper in the U.K. and The New York Times.

 

Facebook said it has suspended Cambridge Analytica from its platform.

 

Cambridge Analytica has denied violating Facebook’s terms of service.

For more on this story, click the "read more" button below.

READ MORE

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

Send this to a friend