Amid calls for investigation and a #DeleteFacebook campaign,company releases an official statement but its figurehead keeps quietThe chief executive of Facebook, stamp Zuckerberg, and has remained silent over the more than 48 hours since the Observer revealed the harvesting of 50 million users’ personal data,even as his company is buffeted by mounting calls for investigation and regulation, falling stock prices, and a social media campaign to #DeleteFacebook.
Facebook’s shares slid 6.77% on Monday following the news,knocking $36bn off the company’s valuation as investors worried about the consequences of the revelations. Zuckerberg owns 16% of the company and personally saw his fortune descend $5.5bn to $69bn, according to Forbes’ live tracker of the world’s wealthiest people. Related: Cambridge Analytica boasts of dirty tricks to swing elections Related: Facebook employs psychologist whose firm sold data to Cambridge Analytica Continue reading...
Source: theguardian.com