This morning’s news talked about the UK Parliament wanting to speak to Zuckerberg about a “catastrophic failure of process” in regards to Cambridge Analytica. Facebook has lost about fifty billion in market cap according to some reports.
They’ve issued a statement saying they’re “moving aggressively” and are “committed to enforcing our policies to protect people’s information” both of which seem more of an effort to distance themselves from Cambridge Analytica.
And then Congress has been suggesting they’d like to speak to Zuck as well.
I wonder if this will have any affect on privacy law in the US? In my opinion (and aside from severity), this has been no different than other instances where irregularities are discovered and mea culpas issued.
Finally, they talked about fines. Holy cow! If it gets that far, they said thousands per occurance per day. Wonder what users will get?