Categories LATEST

Facebook revokes user-data access of over 200 apps

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Facebook VP-Product Partnerships Ime Archibong said that access to these applications was revoked pending a detailed investigation any data misuse, according to a news report.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

Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report

Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon

Lamb Weston’s (LW) challenges may not end soon, a few points to note

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top