Monday, 19 March 2018

Facebook shares slide amid privacy backlash

Facebook shares have fallen sharply as the social network faces questions from US and British politicians about its privacy rules.

Facebook is under fire after reports detailing how Cambridge Analytica, which is credited with helping Donald Trump win the US election, acquired and used Facebook's customer information.

Theresa May's spokesman called the allegations "very concerning".

Facebook shares fell close to 8% in afternoon trading in New York at $171.

The company is accused of failing to properly inform users that their profile information may have been obtained and kept by Cambridge Analytica.

BBC       News.

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