Posted on 03/20/2018 7:44:29 AM PDT by Red Badger
The probes follow a weekend of turmoil for Facebook after reports that Cambridge Analytica gained access to the data of more than 50 million users. Shares of Facebook are down 3.5 percent down after falling as much as 8 percent on Monday. UK officials are also investigating the alleged mishandling of data.
___________________________________________________________________________________________________________________
The Federal Trade Commission is investigating whether the use of personal data from 50 million Facebook users by Cambridge Analytica violated a consent decree the tech company signed with the agency in 2011, Bloomberg reported Monday.
The probe follows a weekend of turmoil for the social media giant. Reports this weekend said the research firm improperly gained access to the data of more than 50 million Facebook users.
"We are aware of the issues that have been raised but cannot comment on whether we are investigating. We take any allegations of violations of our consent decrees very seriously as we did in 2012 in a privacy case involving Google," a spokesman for the FTC said Tuesday.
A violation of the consent decree could carry a penalty of $40,000 per violation, which could mean a fine conservatively estimated to be "many millions of dollars in fines" for Facebook, The Washington Post reported over the weekend, citing a former FTC official.
Facebook has maintained the mishandling of data was the result of abuse on the part of Cambridge Analytica and app developer Aleksandr Kogan.
"We reject any suggestion of violation of the consent decree. We respected the privacy settings that people had in place. Privacy and data protections are fundamental to every decision we make," Facebook said in a statement to the Post on Saturday.
The consent decree requires that Facebook notify users and receive explicit permission before sharing personal data beyond their specified privacy settings.
Weekend reports by The Observer newspaper in the U.K. and The New York Times allege Facebook users willingly provided their data to a psychology quiz app developed by Kogan, who then passed the data along to Cambridge Analytica without the users' knowledge — constituting a potential violation.
Shares of Facebook fell 3.5 percent Tuesday, after skidding as much as 8 percent on Monday.
UK officials are also investigating, ordering auditors hired by Facebook to stand down and summoning CEO Mark Zuckerberg to provide evidence for review.
Facebook did not immediately return request for comment.
Forget about “50 million Facebook users by Cambridge Analytica”, how many and on what terms did Facebook share data with Clinton?
Liberal cannibals eating each other.
It is time these crooks started paying for collecting and SELLING private information. A widespread practice in the industry.
A violation of the consent decree could carry a penalty of $40,000 per violation, which could mean a fine conservatively estimated to be “many millions of dollars in fines” for Facebook, The Washington Post reported over the weekend, citing a former FTC official.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Do you guys remember the massive investigation and scandal in 2012 when obama bragged about doing this to win the election?
Neither do I.
Or to the Obama Administration for use against political opponents? The discovery phase of this case could scare the daylights out of way too many people.
IF it is ‘discovered’ that FB willingly and knowingly provided in kind support for Obama and Clinton, during their campaigns, somebody is going to prison,................
How far will it drop today? This week?
It’s what happens when you’re a nappy for the DNC camel groom.....
Interesting test case
Groom= grool
Suckerberg needs to be in prison for sedition and spying on individuals without legal authority.
<How many dumb Face Bookers became part of the data collection by the Obama thugs, discussed below by Mad Maxine?
Maxine Waters: “Obama Has Put In Place” Secret Database With “Everything On Everyone” (Video)
Jim Hoft Jun 9th, 2013 12:37 pm
We were warned–
Rep. Maxine Waters (D-CA) told Roland Martin in a February interview,
“Obama has put in place the kind of database… will have everything on every individual.”
Before It’s News has the transcript:
“The President has put in place an organization with the kind of database that no one has ever seen before in life,” Representative Maxine Waters told Roland Martin on Monday.
“That’s going to be very, very powerful,” Waters said. “That database will have information about everything on every individual on ways that it’s never been done before and whoever runs for President on the Democratic ticket has to deal with that. They’re going to go down with that database and the concerns of those people because they can’t get around it. And he’s [President Obama] been very smart. It’s very powerful what he’s leaving in place.”
Exactly—I suspect well over 100 million went to Hillary’s cause. And at, what, $10K per violation? I sense a $100B fine potential...
Users are guests in his house
Prophetic.........................
Everybody who puts anything on FB agrees that the material they post becomes the property of FB.
Former Facebook Workers: We Routinely Suppressed Conservative News
https://gizmodo.com/former-facebook-workers-we-routinely-suppressed-conser-1775461006
Booom! Are you keeping tabs of the booms this week?
‘Q’ is.........................
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.