04 May, 2018
Though Zuckerberg was slow to address the controversy over Cambridge Analytica's data collection at first, he eventually issued a mea culpa through Facebook, accompanied by a media tour, and this week at the company's F8 developer conference promised to allow users to erase collected data, and prevent marketers from collecting it again in the future. The last date for the two companies to respond is May 10.
It blamed a "siege of media coverage" for driving away customers, meaning the company's continued operation was no longer viable, leaving it "with no realistic alternative to placing the company into administration".
They, however, declined to divulge further details in the matter, saying that both Facebook and Cambridge Analytica have time till May 10 to send written responses to official questioning.
Prince who is the founder of the private military contractor, Blackwater, and is the brother-in-law of Education Secretry Betsy Devos, is a known Trump supporter with ties to the super PAC which paid for Cambridge Analytica's work on behalf of the Trump campaign. Additionally, parallel bankruptcy proceedings will soon be commenced on behalf of Cambridge Analytica and certain of the Company's USA affiliates in the United States Bankruptcy Court for the Southern District of NY.
Shapiro said he is leading a national investigation with his colleagues to ensure Pennsylvanians and Americans are protected from this kind of unauthorized information sharing.
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EPA has conducted air monitoring to support city evacuation determinations and continues to collect air data". He says an employee and a contractor were hospitalized overnight but are expected to be released Friday.
The Federal Trade Commission in the USA, meanwhile, also is investigating Facebook.
A separate investigation by the House of Commons committee on digital, culture, media and sport into fake news will also continue to examine issues relating to Cambridge Analytica. "They are party to very serious investigations and those investigations can not be impeded by the closure of these companies", said MP Damian Collins.
Cambridge Analytica has been linked to Donald Trump's 2016 presidential campaign. We need to make sure their shut down is not just some rebranding or a way to hide from investigations. It sought information on Facebook to build psychological profiles on a large portion of the U.S. electorate, media reports said.
It collected information on tens of millions of people and their Facebook friends, even those who did not download the app themselves.
One digital-rights advocate says criticisms of Facebook's privacy practices won't go away just because Cambridge Analytica has made a decision to close.