Data mining, which Facebook and others use was NOT an issue until it has been connected to the Trump campaign….
The companies leadership is being looked at by lawmakers….
The companies stock is taking a hit on the Stock Market today….
Social Media is about to come on trial in America and around the world…
Cambridge Analytica garnered headlines across the world on Friday as Facebook formally suspended the company from its platform over allegations that it had improperly received and retained data on tens of millions of Facebook users from an academic researcher that had originally obtained the data legally and properly in accordance with previous Facebook developer guidelines…..
Facebook stock fell sharply Monday as the social media company takes fire for the use of its data by the outside firm Cambridge Analytica, which obtained private information for about 50 million Facebook users.
Cambridge Analytica then used the data to try to help President Trump‘s 2016 presidential campaign, according to an investigative report published Saturday by The New York Times.
Shares in Facebook fell as much as 7.5 percent Monday to $170, far outpacing losses taken by U.S stocks across the board.
The Dow Jones industrial average and Standard and Poor’s 500 index have both fallen 1.3 percent on the day, while the Nasdaq, which hosts Facebook shares, is down 2.1 percent.
Facebook suspended Cambridge Analytica on Friday, claiming the firm did not delete the unauthorized data despite demands from the social media company.
The New York Times reported that Cambridge Analytica used the data to craft strategies for reaching and mobilizing potential Trump voters. Special counsel Robert Mueller has reportedly requested all emails between the firm and the Trump campaign.
The report ignited a new wave of political criticism of Facebook, already under scrutiny for its sales of political ads to Russian groups aiming to sway the 2016 election.
Several lawmakers called on Facebook CEO Mark Zuckerberg to testify before Congress, and Massachusetts Attorney General Maura Healey (D) said she would open a probe into Facebook and Cambridge Analytica….
Facebook drags the market down more than 400 points taking hundreds of millions out of the value the companies stock…..
I also think the market getting dragged down because each day it gets closer and closer to have a real political reckoning in Washington and the real money guys know it, so they waiting for it to happen and when it does…bam…the market is going to drop 2K or more, I guarantee they will suspend trading on that day…It will send world wide shockwave…I’d Say impeachment/Resignation is coming in 11 months…New Congress in February of 2019 will take out Trump…House is Going Democratic…Pennsylvania turning blue after the new map was upheld by the supreme court since they refused to hear the case from the lower court…
Ok….
I agree the bottom WILL fall out of the market when Trump steps down….
I do NOT think it will come to impeachment….
I DO think Trump will step down, or get pushed out his day job before 2020….
I do think Pelosi will be under YUGE pressure to start impeachment hearings/trial, BUT I think she is NOT gonna be in a hurry to do so….
Why?
Nixon took the hint and left…..
Bill Clinton fought his(Much less serious…we already KNOW Trump lies like a rug) and came out MUCH MORE STRONGER….
Pelosi has been around much longer than most of the Democrats calling for an impeachment…
She knows that such a move could make Trump supporters dig in their heels and support him even MORE….
This REALLY is about convincing Trump and Republicans that Trump has nowhere to go…
Hopeless….
He throws in the towel like Nixon and books….
My feeling is the MONEY is gonna be Mueller’s strongest way of getting Trump….
Not the obstruction, which DOJ rules say Mueller cannot charge him with…
My feeling in by the summer the shit IS gonna hit the fan….
Add that to the Midterm election and Trump running mouth and I think he’s gonna walk away from the Presidency….
And we ALL will say Amen….
I mean MOST Americans Dem’s and GOPer’s….
Pence is more hard right than Trump….
But he doesn’t have the noise level that Trump has and will probably be primaried….
And that would be another YUGE spectacle to sit back and watch…
Like Jack would say?
The above has little basis in fact, BUT….enough to make me ok getting thru everyday with the idea that Trump will done in before the next Presidential election if there is anything left of this country he hasn’t fucked up!
Media and lawmakers have been on Mark Zuckerberg’s case…
He responds….
….Facebook CEO Mark Zuckerberg on Thursday addressed the data controversy that has embroiled the company since the weekend, saying in a Facebook post, “We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you. I’ve been working to understand exactly what happened and how to make sure this doesn’t happen again.”
More….
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I want to share an update on the Cambridge Analytica situation — including the steps we’ve already taken and our next…
Posted by Mark Zuckerberg on Wednesday, March 21, 2018
In a flurry of media interviews on Wednesday, Facebook CEO Mark Zuckerberg said he is willing to testify before Congress, that he can’t guarantee that Russians didn’t get their hands on Facebook user data and that he isn’t sure Facebook shouldn’t be regulated…..
Axios
U.K. authorities raided Cambridge Analytica’s offices overnight amid an investigation into whether the political consulting firm illegally acquired Facebook data to target voters.
Around 18 investigators were seen entering the company’s London headquarters after obtaining a warrant to search its database and servers Friday night, the Guardian reported. The search lasted seven hours, according to the BBC.
More…