Petition Urges Facebook to Inform Compromised Users
Facebook should inform the estimated 50 million users whose data was allegedly misused (see 1803200047) by a political data analytics firm on behalf of President Donald Trump's 2016 campaign, said Consumer Reports in a national petition drive. Consumer Reports said…
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Facebook should inform every user who potentially had private data scraped and sold without their knowledge or improperly handled by Cambridge Analytica. “Consumers deserve to know how their personal data is obtained by companies they've never heard of. This incident must be a teaching moment,” said Justin Brookman, director of Consumer Reports’ advocacy arm, Consumers Union. Facebook didn’t comment. Barclays analysts likened the Facebook scandal to the Equifax data breach and the Volkswagen emissions scandal, predicting the social media giant’s shares could drop sharply, “only to stabilize in 6-11 days and then recover.” Barclays doesn’t anticipate results like the BP oil spill, in which “shares fell for two full months and have yet to return to the same levels prior to the spill.”