As you may have heard, Facebook has been in the midst of a security breach controversy associated with Cambridge Analytica and the U.S presidential campaign. Over the past week, the #detelefacebook has been trending all around the world. Furthermore, Facebook's shares have plummeted and continue to do so during this time. In fact, according to the CNBC report Mark Zuckerberg, the CEO of the company, has sold 1.14 million shares as part of regularly scheduled programs.
New York Times and Observer broke the story regarding the security breach on 17 and 18 March respectively. Reports stated that Facebook might have been aware of the fact that a company known as Cambridge Analytica exploited up to 50 million users on their platform. Further stamens from Facebook and the whistleblower Christopher Wylie shed light on how all of this might have happened. Read more »