Today after Facebook’s data leak Scandal, Facebook CEO Mark Zuckerberg admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a Trump-connected data-mining firm breaking more than four days of silence. Zuckerberg posted on his Facebook page Wednesday that Facebook has a “responsibility” to protect its users’ data. he also wrote, “If we can’t then we don’t deserve to serve you”.
Facebook CEO Mark Zuckerberg and CFO, Sheryl Sandberg, has been quiet ever since the news broke on Friday that Cambridge Analytica may have used data improperly obtained from roughly 50 million Facebook users to try to sway elections.
Mark Zuckerberg Admits Mistake and said the company has already taken the steps to prevent such a situation from happening again like it reduced the access outside apps had to user data back in 2014 and many more are in process or already taken.
Investigating Authorities of Britain and the United States are now investigating the alleged improper use of Facebook data by Cambridge Analytica. Cambridge Analytica is a U.K. based political research firm. Since this News Facebook shares have dropped sharply approx 9 percent, Dropping more than $50 billion off the company’s market value, also raising questions about whether social media sites are violating users’ privacy.
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