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Facebook VP-Product Partnerships Ime Archibong said that access to these applications was revoked pending a detailed investigation any data misuse, according to a news report.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

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Tags

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