Face-booking: 2011- 2018
Facebook is facing growing government scrutiny in Europe, America, India, when allegations came out last week (the third week of March 2018), by a whistle-blower stating that 'Cambridge Analytica' - a British consultancy, had improperly accessed user data, to build profiles on American voters, which were later used to help elect Donald Trump in 2016. Since last week's allegations, Facebook has lost close to $ 60 Bn in market value to-date in 2018, alone. After few rounds of 'daring' responses, Facebook Chief Executive Officer Mark Elliot Zuckerberg had finally opted to admit stating, "I'm sorry that we didn't do much at the time", and interestingly his much awaited response to the issue (which came in the form of an apology) came out following the staggering hit on the stock value. Facebook was looking to buy out many press spaces in European and American newspapers and the largest social media network in the world has ...