Things are looking bad for Facebook and Mark Zuckerberg. In the UK, he’s being called before Parliament. In the US, Congress and the Federal Trade Commission (FTC) want to chat. On Wall Street, Facebook stock is tanking. An attempt at crisis management fell flat. And irate users are talking about dropping the social media platform altogether since allegations surfaced that the personal data of 50 million members was used to help elect Donald Trump. — David Rovella, Bloomberg
Facebook Probed Over Data Allegedly Used by Trump. The FTC and members of Congress are investigating how the personal data of all those Facebook users allegedly made it to Cambridge Analytica, the firm that worked for Trump’s campaign.