Mark Zuckerburg has seen better days (well, most of his adulthood has been fine until now), and while he may still be very rich, he does have a huge problem on his hands with Facebook.
Christopher Wylie, co-founder of Cambridge Analytica, blew the whistle on Facebook and his company on Tuesday, telling a United Kingdom parliamentary committee that the “Brexit” (look it up) referendum could have ended differently if there had been no “cheating” from proponents wanting to leave the European Union.
This comes after stories broke about how Cambridge Analytica allegedly used illegally obtained data from 50 million users on Facebook. This was used in an attempt to influence political outcomes.
Cambridge Analytica was able to use the 50 million user accounts to create 30 million “psychographic” profiles that were used to design targeted political ads.
The Federal Trade Commission announced on Monday that they had launched an investigation into Facebook’s privacy practices and a couple days before that, UK authorities had raided Cambridge Analytica’s offices.
In a statement from the embattled company, they had stated that their data had no influence in “Brexit” or the 2016 campaign of Donald Trump, the current president of the U.S.
Facebook is also facing problems with the scandal as numerous people have deleted the app and also started a hashtag called #deleteFacebook. It was because of this, Facebook’s share drive took a nosedive as the social media grant lost over $60 billion in value at one point.
Mark Zuckerburg, the founder of Facebook has taken out full-page adverts in newspapers across the U.S. and UK, apologizing for what happened. Zuckerburg has also accepted an invitation to testify in front of the U.S. Congress; however, he has not extended the same offer to UK lawmakers.
As each day passes, the scandal gets more and more interest as this could affect the President and the planned “Brexit” over in the UK. Only time will tell if anything comes out of this.