Table of Contents
Mark Zuckerberg‘s forehead thought to be folded. The mission that he has taken to ‘fix’ Facebook has pushed it once more. What is Facebook about user data, the question has started to get started. Besides, the Facebook business model is now facing the question. European and US politicians seeking inquiry against Facebook.
At the time of studying at Harvard, Zuckerberg founded Facebook in 2004, at the age of 19. Later, he left the school to give time to study. There are now over 200 million active users on Facebook.
According to market research firm Statist Data, Facebook earns $ 4.7 billion in 2017. 60 percent of online advertising goes to the pocket of Google and Facebook authorities
The New Crisis
The complaint has raised, Facebook has allowed the use of an organization named Cambridge Anilitika. Through that app, millions of Facebook users collect personal information and Cambridge Analytics. That information used in the election campaign of US President Donald Trump. A professor associated with this work has come out openly in front of all the public. Now the United States, the UK and European Union (EU) politicians of different countries have questioned the whole issue.
Reports
Reuters reported that although technology is one of the most attractive institutions in the world, investors already started shaking on Facebook. On Monday, the share price of Facebook shares fell. Facebook shares fell 6.7 percent in one day. In all, the market value of nearly four billion dollars has fallen due to the investors.
Facebook chief executive Mark Zuckerberg is asking politicians. How about five billion Facebook users’ information went to the political consulting firm, he would have to explain.Some of the Facebook authorities don’t talk about this.
Cambridge analyzes completely denied the news of their unaffected information. They say that they removed all the information collected from Facebook in 2014 through third-party applications. After knowing about this, they have taken this step after not knowing what the information is in conformity with the rules.
Facebook’s knowledge of the incident will create a confidence crisis on Facebook, even the business reputation will lose. In 2016, the issue of Russian nose breaking in the US election using false news spreads and Facebook tools surrounding the US election has already come under severe criticism.
Recent reports of the New York Times and London’s Observer dropped more to Facebook. After the report, the US Congress has asked for strict control over Facebook. The report said on Saturday that Facebook gave information on Cambridge analytics.
Impact of Facebook
According to Forbes, the biggest impact on Facebook’s losses has been the impact of Zuckerberg’s total wealth. His total assets decreased by $ 510 million. His 16 percent share of Facebook shares Total wealth is $ 6,950 million. She has dropped from the fifth place to the seventh position in the list of world’s wealthiest people.
According to the New York Times, Paul Grayyal, the lawyer of the Facebook company, told the incident of unrequited “corruption and fraud”. He said, “Whatever action taken will be taken and action will be taken against those who have broken the rules.” Cambridge Analytics has been removed.
At the time of studying at Harvard, Zuckerberg founded Facebook in 2004, at the age of 19. There are now over 200 million active users on Facebook.
According to market research firm Statist Data, Facebook earns $ 4.7 billion in 2017. 60 percent of online advertising goes to the pocket of Google and Facebook authorities
