Facebook has come under scrutiny from politicians on both sides of the Atlantic after it emerged that Cambridge Analytica improperly acquired the data of 87 million users, including up to 2.7 million in the EU.
British consulting company Cambridge Analytica has filed for Chapter 7 bankruptcy at the US Bankruptcy Court Southern District of New York.
Just enter your name and email and voila - you're free to use it. But at what cost? We delve into the belly of the beast and discuss how those free products aren't actually that free.
The London firm at the centre of a scandal in which it collected data to profile potential voters in the US election blames unfair media coverage and a subsequent loss of customers that has led it to declare bankruptcy.
Users of the world's largest social network can make separate profiles to find a dating match based on shared interests.
The results are a bright spot for the world's largest social network amid months of negative headlines about the company's handling of personal information, its role in elections and its fuelling of violence in developing countries.
Facebook wanted to usher in a brave new world. The free flow of information between people would challenge the ossified power of traditional media. Yet Facebook now finds itself creating a world it aimed to challenge, but with it now on top.
If Facebook wants to maintain its status as the world's biggest social media network it will need to rebuild trust, yes, but more importantly it will need to share a piece of the pie.
During testimony before the House Energy and Commerce Committee Facebook, CEO Mark Zuckerberg said, "It is inevitable that there will need to be some regulation."
Facebook boss Mark Zuckerberg says he takes responsibility for the Cambridge Analytica data harvest from more than 80 million Facebook users.
"We didn’t take a broad enough view of our responsibility, and that was a big mistake," Facebook Inc Chief Executive Mark Zuckerberg tells the US Congress in a written testimony on Monday.
Facebook CEO, Mark Zuckerberg is expected to face a grilling before a Senate panel on Tuesday over a data privacy scandal, and follow up with an appearance in the House of Representatives the following day.
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