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.