The Journal's report capped another tough week for Facebook as it continues to grapple with the fallout from a privacy scandal that erupted nearly three months ago with the revelation that a data mining firm tied to President Donald Trump's 2016 campaign had scooped up the personal information of 87 million users.
Facebook recently has disclosed it has been sharing its users' information with about 60 device makers, including Facebook and Samsung. Shortly afterward, the company revealed that a software bug caused the posts of about 14 million users to be shared publicly even if they didn't intend to share the information beyond a small circle.
The bug, which affected posts last month, has been fixed, according to Facebook. The company also says it is phasing out the data-sharing deals that it has struck with device makers dating back to 2007.
The arrangements with device makers and software bug issue are likely to be examined by the Federal Trade Commission. Regulators are investigating whether Facebook has violated a 2011 agreement preventing the company from sharing its users' personal information or changing privacy controls without their consent. Violations could result in fines.
So far, Facebook's advertising-driven business has not been significantly damaged by the questions surrounding Facebook's ability to protect the reams of personal information shared and stored on its social network.
Facebook has continued gaining users since news of the Cambridge Analytica debacle broke, according to Zuckerberg, and so far there has been no evidence that advertisers are abandoning the social network.
Facebook's stock closed Friday at US$189.10 ($268.73), slightly above its price before the Cambridge Analytica bombshell dropped.
- AP