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Hi-Tech / Hardware

Facebook shareholders are suing the social network

MComp 21.03.2018 at 16:41

News on the political and public arena in the world, Russia and other countries. Recent events in the country.

The society of Facebook shareholders filed against the company a lawsuit. Investors accuse the company that owns the social network is that because of their policy data privacy fell the share price.

the Shareholders of Facebook through court has accused the company's management that because of their actions and statements the value of the shares of the social network fell 7%, which may cause financial losses. Investors demand compensation from Facebook, but the amount of compensation is not established.

Earlier, the media has accused the social network to promote the work of Cambridge Analytica, where the algorithm was able to gather without the knowledge of 50 million users data about their political preferences. The developed algorithm was to send ads to users of a certain political orientation in order to influence their political choices.

the Representatives of Facebook explained that the data breach via Cambridge Analytica really happened yet 2015, but the detection of this fact, the application was immediately blocked and was demanded to remove all information sent.

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