Facebook Scandal – level 3
People are deleting their Facebook accounts following a privacy scandal which hit last week when it was revealed that British consultants from Cambridge Analytica collected data of about 50 million Facebook users.
If you took a quiz on Facebook, the quiz collected data about you and all of your friends. The data, which was supposed to be used for academic purposes, allegedly was used by the Trump campaign to create targeted ads and fake news. This practice could have greatly influenced the results of the American presidential election as well as other world elections.
Facebook connects 2.2 billion users across the world, which no other company has been able to do, but some users no longer see Facebook as being secure and are considering deleting their accounts.
Furthermore, since the report came out on last Monday, Facebook stock took a big hit and suffered a 9% decline.
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