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 so far published this full page ad in the New York Times, The Wall Street Journal, The Washington Post and six UK papers yesterday (25).

Interestingly, in this day and age where content are rapidly pushed and shared via digital channels, Facebook's public apology took to streets via the so-called traditional press! 

Image - Brian Stelter (@BrianStelter)

FB is also facing multiple lawsuits following the recent allegations, and it has been sued four times in Northern California federal courts this week alone.

European privacy campaigner and lawyer Max Schrems — a long time critic of Facebook — was actually raising concerns about the Facebook’s lax attitude to data protection and app permissions as long ago as 2011.

Somebody draw a timeline pls :)