We think it’s safe to say Mark Zuckerberg has a had a bad couple of weeks. In case you missed it, Facebook came under fire for the way it allowed third party consulting and data firm, Cambridge Analytica, to mishandle customer information. Things got so bad that Zuckerberg himself appeared in several interviews, penned an apology letter in major US papers, and has been called to testify in front of congress. If Facebook hoped the worst was over…it wasn’t.
Facebook dropped another bombshell on its users last week by admitting that all of its 2.2 billion users should assume malicious third-party scrapers may have accessed their public profile information. Turns out that the bad guys used automated bots to “scrape” data from user accounts. That search feature is now disabled, but it may not be enough to mitigate the massive privacy and data breach. As of Friday, shares of FB were down 14% for the week.
