Posted on 03/20/2018 5:03:11 PM PDT by bananaman22
Facebook shares are still dropping after its worst one-day decline since 2012 yesterday, as data breaches affecting over 50 million uses makes things political and the social media giant loses some $50 billion.
On Monday, Facebook shares fell almost 7 percent on news that the U.S. Federal Trade Commission (FTC) is investigating it over personal data breaches.
The market-wide sell-off continued on Tuesday, even as the Dow gained points, when more details emerged on the investigation, sparked by a whistleblower who told regulators that more than 50 million Facebook users had their data hijacked by a political consultancy hired by Donald Trump.
In other words, Facebook users helped sway public opinion in the 2016 elections without their consent—and the social media giant is now irrevocably entangled in the ongoing American political chaos.
(Excerpt) Read more at safehaven.com ...
If you think about it....back around 2010 to 2016, all these social media empires were hyped and talking about bring change to the political world, and they were stacking the deck against the Republicans, and branching off to stack the deck in Egypt, Tunisia, Iraq, Syria, and even Russia.
Well...Cambridge Analytica hired up some geek insider and then took the knowledge base, to help Trump. In essence now....after all the fake news talk, the evil Russians, the dossier business....it comes down to personal data which Hillary was already using in her campaign....that Trump flipped around and used the social media angle to ‘trump’ Hillary and the social media.
If you think about it....from beginning to end, just a brilliant move.
Exactly.
It was evening up the playing field.
All done quite legally.
This guy should seriously be investigated for insider trading.
How is it a data breach when your info is there for all to see?
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