Facebook Stock Plummets As User Data Scandal Continues To Unfold

“This data could have been used to give the Trump campaign information about constituents and give them an advantage.”

By Alain StephensMarch 22, 2018 2:51 pm|

Facebook, the social media platform to rule all others, is now embroiled in a scandal. The problem at hand is privacy – but also politics – since our personal information is being used to influence elections.

In the past two days, Facebook has lost the equivalent of the entire market capitalization of Tesla – around $60 billion – and no one’s sure where the bottom is. After lots of silence, Facebook founder Mark Zuckerberg issued a statement.

Digital savant Omar Gallaga of the Austin American-Statesman’s 512 Tech says the case goes back to 2013.

What you’ll hear in this segment:

–Why Facebook is facing criticism

–How Facebook plans to do damage control

–How Facebook users are reacting to the scandal

 

Written by Jen Rice.