As Facebook’s (FB) shares inched 0.4% up in pre-market trading on Monday, the embattled social media giant revealed it has already suspended about 200 apps that had access to vast amounts of user data. This was in response to the latest scandal that hit Mark Zuckerberg’s global media platform in connection with political consultancy Cambridge Analytica.
Facebook VP-Product Partnerships Ime Archibong said that access to these applications was revoked pending a detailed investigation any data misuse, according to a news report.
With CEO Mark Zuckerberg announcing a thorough investigation on March 21, the social media platform is said to have looked into more than thousand apps and revisited their access.
“There is a lot more work to be done to find all the apps that may have misused people’s Facebook data — and it will take time,” Archibong added.
The Cambridge Analytica scandal, that even invited bashing from celebrities, resulted in Facebook taking a massive plunge in market value. In the apparent fallout, Cambridge Analytica declared bankruptcy on May 2, announcing the closure of its UK and US offices. However, the social media giant — as it published its results in the last week of April — built back much of what it shed with a robust jump in quarterly profit and total users.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on