A scandal that could change Politics and the Internet!

Best Social Media Marketing Agency in USA FB Scandal

Social media giant, Facebook, is in a soup! The recent Facebook-Cambridge Analytica Scam has sparked a global uproar concerning the misuse of the user data. Directly or indirectly, it is said that Facebook’s data leak influenced the 2016 US Presidential Election Campaign, resulting in Donald Trump’s victory. Simultaneously, this raises the question of democracy as we know it!

Though, it is assumed that the culprit of this scam is the inventor of Cambridge Analytica, a Cambridge University researcher named Aleksandr Kogan, who shared crucial personal information of Facebook users; Facebook is one to bear all the brunt of the consequences.

According to latest reports, Cambridge Analytica CEO, Alexander Nix, was caught in a sting operation accepting that the scam helped elect President Donald Trump. If this is true, is this the end to the concept of democracy as we know it?

The sting operation was conducted by one of the leading news channels. In this tape, officials can be heard talking about using bribes, ex-spies, fake IDs and sex workers for campaigns related to the elections. You can watch the video here:

The latest development is that the Cambridge Analytica whistleblower claims it helped ‘cheat’ Brexit votes too!

As of now, Cambridge Analytica is facing a government search of its London office, questions from U.S. state authorities, and a demand by Facebook that it submits a forensic audit. While on the other hand, Facebook owner, Mark Zuckerberg was summoned by the UK lawmakers to give an oral evidence on this scandal. He has now agreed to testify before Congress.

Not too long after the data breach saw the light of day, the hashtag #DeleteFacebook was trending on Twitter. WhatsApp co-founder Brian Acton too supported this trend and tweeted:

In 2014, Facebook bought the mobile messaging application, WhatsApp for $19 billion! Following the trend, many users have indeed tried to delete their Facebook accounts.

Breaking his silence on this major breach of trust, Facebook founder and co-owner, Mark Zuckerberg apologized to its users with a public apology. Excerpts as follows:

Apology Screenshot

Read his entire apology here: https://www.facebook.com/zuck/posts/10104712037900071

Mark also appeared on CNN for an exclusive interview and gave a public apology. Watch the interview here:

All the speculation, accusation and conclusion has led Facebook to lose nearly $80 billion since the report broke over the weekend. The company now has a $479 billion market value.

Here’s a quick look at the aftermath of the event:

– Alexander Nix, CEO of Cambridge Analytica has been suspended.
– #DeleteFacebook has started trending.
– Facebook has been summoned by the officials of UK, Germany, Brazil.
– Mark Zuckerberg has made a public apology.
– Facebook’s market shares have fallen for the third day straight.

Now, how well Facebook handles these accusations will determine its future.

Stay tuned for more updates of what’s new in the digital world!