By Steve Dellar   |  03-27-2018   News
Photo credit: Dreamstime

The proverb ‘when it rains, it pours’ is one that should fit well to the week Mr Mark Zuckerberg, founder and CEO of social media giant Facebook, has just had.

Having suffered its worst week on the stock market of the past six years, the tech company has now also been informed that the FTC opened an official probe into its dealings with Cambridge Analytica.

In London meanwhile, where the UK Parliament had requested Mr Zuckerberg would appear before them, word has spread that the Facebook CEO would be sending one of his ‘senior executives’ instead.

<b>FTC</b>

Facebook’s stock slid another 6% yesterday after the US Federal Trade Commission confirmed they would be opening an investigation into the company.

Related coverage: http://thegoldwater.com/news/21554-Zuckerberg-Classmate-He-Stole-Facebook-From-Says-He-Warned-of-Cambridge-Analytica-Style-Flaw

Mr Tom Pahl, the acting director of the FTC’s Bureau of Consumer Protection: “The FTC is firmly and fully committed to using all of its tools to protect the privacy of consumers."

"FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook."

"Today, the FTC is confirming that it has an open non-public investigation into these practices.”

<b>UK Parliament</b>

Just as the UK parliament was hoping for an appearance from Mr Zuckerberg, he informed them that he would be sending one of his ‘senior executives’ instead and has apologized for a "breach of trust".

Meanwhile, the UK Parliament’s select committee interviewed whistleblower Mr Christopher Wylie, who accused his former employer, Cambridge Analytica, of gathering the details of 50 million users on Facebook through a personality quiz in 2014.

Related coverage: http://thegoldwater.com/news/21497-Trust-In-Facebook-Is-Going-Down-Despite-Their-Ads-To-Apologize

During his interview, Mr Wylie said that Cambridge Analytica had also operated in various other countries, mostly ‘struggling democracies’, which he called "an example of what modern-day colonialism looks like".

Mr Wylie stated that: "You have a wealthy company from a developed nation going into an economy or democracy that's still struggling to get its feet on the ground - and taking advantage of that to profit from that."

Source:

https://www.marketwatch.com/story/facebooks-stock-bounces-slightly-after-suffering-worst-week-in-6-years-2018-03-26

Twitter: #VegasBorn #TeyanaAndIman #TheGoodDoctor #GoKingsGo #USA #Texas #DeleteFacebook
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8 Comment/s


Anonymous No. 21622 1522154777

Said this many times before to may kids.

Facebook sells your info.

Future Employers review your social media postings to judge what type idiot they are hiring to train.

The Government uses Social media to spot and use or arrest certain types of idiots that use Social Media.

Keep you postings to things you DO NOT want biting you in the Butt 20 years from now and where you hope to be in life.

Anonymous No. 21623 1522155463

Oldfag here, well not that old but old enough to be online pre twatter and fakebook even before PayPal and MySpace. You know back in the days of dtv hacking and hanging out on mirc and playing moh.

That being said sure glad I never started a "social" media data harvester.

Anonymous No. 21627 1522157592

Anonymous No. 21623 - We are both older than cpu dust bunnies.

I go back to Vic-20 and even ran a FIDO BBS node 360/# at 300 to 2400bps . I kept a backup and every once in a while I look the posted comments. Knowing which now Business owner and Local Politico posted it using a handle.

Many thankfully grew up.

Anonymous No. 21642 1522169916

days of mohaa and mirc lol. the times before napster. cd.. those were the days.

Anonymous No. 21651 1522178242

Oh yeah, Commodore 64 and a tape player…. nostalgia.

Anonymous No. 21668 1522182815

Hit him with the largest criminal charge in the history of the world. Freeze his assets. The settlement of privacy violations should be enough to pay for the wall.

Anonymous No. 21669 1522183046

Why should the Government get the $$$$ for the cost of criminal trial yes .

But the rest should go to those violated NOT The Governments to waste PORK Spending and Liberal causes.

Anonymous No. 21674 1522191054

Change the topic. If you see people talking about gun control, stormy daniels, whatever the msm designates as news and relevant. Change the topic. Send them here. Send them elsewhere that truth lies waiting. Dont fight back by yelling louder. Dont figgt back at all. Lean in to their attack, deflect and redirect toward the truth. Change the topic, change the path.

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