Tag: Cambridge Analytica

Facebook pays $100m for misleading investors
July 24, 2019 BY Valentina Kirilova

Facebook charged with misleading investors, pays $100 million

The Securities and Exchange Commission (SEC) has announced that it has charged social media giant Facebook Inc. (NASDAQ:FB) for making misleading disclosures regarding the risk of misuse of Facebook user data. According to the Commission report, in 2014 and 2015, the now-defunct advertising and data analytics company, Cambridge Analytica, paid an academic researcher, through a…

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April 18, 2018 BY Mariela Naydenova

Cambridge Analytica to use own ICO to sell back personal data

It's been several weeks since Facebook's reputation took a major hit, when it was made public that Cambridge Analytica used millions of users' profiles to benefit Trump and the entire US election process, as was discussed in the media recently. The CEO of Facebook, Mark Zuckerberg, testified in front of the US Senate and Congress,…

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March 22, 2018 BY Mariela Naydenova

The future "duel" between Facebook and Blockchain

Facebook recently got under fire for security issues. The social media giant was accused that leakage of information of users is misused by companies and especially by data analytics companies. The most recent example comes from Cambridge Analytica, a data analytics company that gained access to personal data of almost 50 million users. There were…

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