Facebook Data Leak Shocked 87 Million Users
Facebook Inc. said on Wednesday that personal information for 87 million users (Facebook data leaks). In most of the United States, political consultations may be improperly shared with Cambridge Analytica, with media reports above estimated to last over 50 million.
Chief executive officer Mark Zuckerberg said in a conference call with reporters that Facebook has not seen “any meaningful impact” on usage or ad sales since the scandal, although he said “it’s good if people aren’t unhappy with the company.”
Shares rose more than 3 percent after the bell.
Zuckerberg told reporters that he had accepted the blame for the Facebook data leak, which has angered users, advertisers and lawmakers, as well as that he was still the right person to set up the company.
“When Facebook is developing something in the world that is unprecedented in the world, there are going to be things you toy with,” Zuckerberg said.
He said that he was not aware of any discussion about his leaving the Facebook board.
He said that he had not fired anyone and planned on this scam. He said, “We are not trying to throw anyone else under the bus for the mistakes here.”
Facebook previously admitted last month that personal information. Nearly millions of users incorrectly ended up in Cambridge Analytica’s hands.
Zuckerberg will testify about the case during two US Congressional hearings next Tuesday and Wednesday.
London-based Cambridge Analytica, which has counted US President Donald Trump’s 2016 campaign among its customers, has disputed Facebook’s estimate of affected users. It said in a tweet on Wednesday that it did not receive more than 30 million records. From a researcher, he hired Facebook to collect data about people.
Facebook should have done more to audit and oversee third-party app developers, like Cambridge Analytica in 2014, Zuckerberg said on the call with reporters.
“After knowing what I know today, clearly we should have done more,” he said.
Going forward, he said, Facebook was taking steps to restrict what personal data is for third-party app developers, and added that it could take two more years to fix Facebook’s problems.
“We’re broadening our perspective about our responsibility,” Zuckerberg said.
Most of the up to 87 million people whose data was shared with Cambridge Analytica were in the United States. Facebook Chief Technology Officer Mike Schroepfer wrote in a blog post.
Facebook shares closed down 0.6 percent at $ 155.10 on Wednesday. They have fought over 16 per cent since the Cambridge Analytica scandal surfaced.
Previous estimates of more than 50 million Facebook users affected by the data leak came from two newspapers, the New York Times and the Observer of London, based on their investigation by Cambridge Analytica.
Zuckerberg said Facebook came in high estimates. Seeing the number of people who downloaded a personality quiz app created by the University of Cambridge. Adding the number of academic Hangzhou Kogan, or about 270,000 people, and then their friends.
Cambridge Analytica has stated that it engaged Kogan in “good faith”. This is similar to how other third-party app developers have harvested personal information to collect Facebook data.