Britain's top privacy watchdog was granted a warrant to search the offices of Cambridge Analytica in the wake of allegations that information on millions of Facebook's users was scooped up without their consent, widening a probe that has cut the internet giant's share price by more than 10 per cent
British watchdog gets warrant to search Cambridge Analytica
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Facebook founder Mark Zuckerberg. Photo / Getty Images
Facebook Chief Executive Officer Mark Zuckerberg apologised Wednesday and promised to investigate whether Cambridge Analytica still holds the information it obtained from a third-party app creator and to broaden the probe to other developers who harvest data. Lawmakers in the U.S. have also called on Zuckerberg to testify about how Facebook safeguards user data.
The company's shares fell 3.3 per cent Friday to $159.39 at the close in New York, bringing the loss this week to almost 14 per cent since the revelations broke.
A movement called #DeleteFacebook is gathering momentum after Elon Musk, chief executive officer of Tesla, joined those who want to get rid of their Facebook accounts. Musk tweeted on Friday that Tesla's official Facebook page should "definitely' be deleted, and it promptly was, along with the page of his rocket company, Space Exploration Technologies Corp.
Earlier Friday, Cambridge Analytica said it's undertaking an independent third-party audit to verify that it does not hold any of the data. The company worked for Donald Trump's 2016 US presidential campaign. Trump's former adviser Stephen K. Bannon served as an executive and board member and major Republican donor Robert Mercer's family owns part of the company.
Understanding the Facebook-Cambridge Analytica Story: QuickTake
It had already suspended its chief executive officer, Alexander Nix, this week after he was filmed bragging about dirty tricks the firm used to obtain information. He retains a large ownership stake in Cambridge Analytica's affiliated companies, and many of its top executives share his history of questionable campaign techniques.
Cambridge Analytica apologised that one of its affiliates licensed Facebook data and derivatives from Global Science Research, and said it believed data had been obtained in line with Facebook's terms of service and data protection laws.
It said the information was deleted at Facebook's request, and that it has been in touch with the U.K. ICO since February 2017.