On the surface, Facebook is one of the most successful commercial propositions in the history of business. Its market capitalisation is today over half a trillion dollars.
Mark Zuckerberg’s slow defense reveals real weakness. The Facebook founder finally explained how users’ information was harvested - four days after the incident was revealed by press reports.
Markets had already delivered their verdict before the European Union's data privacy watchdogs could express outrage toward Facebook.
Facebook Inc said Tuesday it faced questions from the lead U.S. consumer regulator about how its users’ personal data was mined by a political consultancy hired by Donald Trump’s campaign.
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