Facebook Investors hit the Social Media behemoth with a Stock-Drop Suit in California Federal Court Tuesday, alleging that it made Misleading Claims about its use of User Data, which blew up this month when its alleged Relationship to a Trump-linked Data Firm was made Public.
Shares of Facebook’s Stocks toppled more than $20 over two days earlier this week after The New York Times and The Observer of London reported that it did not tell Users that their Private Data was being harvested by Cambridge Analytica (CA).
Facebook banned CA from its Platform and announced it planned to Audit the Company to Verify if the Facebook Data had truly been Deleted, as CA had promised it had been years ago. There's now many Investigations being launched over the matter in the U.S. and the UK.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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