Monday blues were definitely riding high for Facebook CEO Mark Zuckerberg as the shares of facebook were falling for more than 5% low followed by a controversy of its links with a political consultancy firm called Cambridge Analytic.
For the uninitiated, Cambridge Analytica is a data analysis communication company that sold its services to political parties and is known to have ties with the Trump Campaign. Recently the controversy began when we got to know that millions of data of the facebook users were leaked in order to manipulate the political interest of the country.
With more than 240 million accounts, Facebook has its largest user base in India. IT minister Ravi Shankar Prasad even warned social media platforms like facebook to stay within the limits or else will take stringent action against it. He was quoted saying, “Mr Mark Zuckerberg you better note the observation of the IT Minister of India. We welcome the FB profile in India, but if any data theft of Indians is done through the collusion of FB system, it shall not be tolerated. We have got stringent power in the IT Act, we shall use it, including summoning you in India.”
Prasad, who is also a senior leader of the ruling NDA, also went on to accuse the Congress party of having links with Cambridge Analytica and suggested that Rahul Gandhi was in talks with the firm for a partnership ahead of the 2019 general elections.
On tuesday, Zuckerberg wrote a post on his facebook account apologizing about the whole issue which obviously did not go well with the users. “This was a major breach of trust and I’m really sorry this happened. Our responsibility now is to make sure this doesn’t happen again” said the CEO to a popular channel.
Well, all said and done, it is touted to be a major scam when it comes to security of social media users. Even Whatsapp co-founder Brian Acton, also said that it’s high time to delete facebook and even started with a #DeleteFacebook which went on to become viral. Facebook is now facing a lot of backlash from regulators in the U.S. and Europe, and an investor lawsuit over their share in the business. Although there wasn’t a lot of accounts that were deleted, this is definitely an issue to worry about.