SAN FRANCISCO — Facebook, the world’s largest social media company, has suffered the biggest one-day drop of its stocks by seven percent on Wall Street on Monday in four years after reported data leakage of its 50 million users for alleged political purposes, the Associated Press AP reported.
The Facebook loss came after US and British media reported that the data of more than 50 million Facebook users were inappropriately used by a British data analysis company, Cambridge Analytica, in activities allegedly connected with US President Donald Trump during his 2016 campaign.
Trump’s campaign reportedly used the firm’s data during the primaries but not during the general election, and Federal Election Commission numbers showed the firm collected 5.9 million US dollars in 2016 from Trump’s campaign, California-based The Mercury News daily reported Monday.
The AP quoted Facebook as saying last week that Cambridge Analytica received user data from a Facebook app years ago that purported to be a psychological research tool, though the firm wasn’t authorized to have that information.
Facebook admitted that an estimated 270,000 people had downloaded the app and shared their personal details with it.
Last Friday, Facebook said in an official post that it had suspended “Strategic Communication Laboratories (SCL), including their political data analytics firm, Cambridge Analytica,” from its website.
It said the two companies had failed to delete user data acquired in 2015 in violation of Facebook rules.
Last Saturday, Facebook said that claim that this is a data breach is completely false, arguing that people knowingly provided their information.
Mercury News said Monday that a US senator is demanding that Facebook CEO Mark Zuckerberg testify before the Senate Judiciary Committee on the abuse of user data for US campaign activities.Follow @gorkhapost
Syria ‘accidentally shot down’ Russian spy plane during Israeli attack
Russia’s defence ministry said one of its military surveillance aircraft with 14 people on board disappeared from radar screens over the Mediterranean at the same time as Israeli and French forces were mounting aerial attacks on targets in Syria.
“Connection has been lost with the crew of a Russian Il-20 plane over the Mediterranean Sea,” the ministry said. Contact was lost at about 23:00 local time (20:00 GMT) on Monday, it added.
There are conflicting reports as to who is responsible for the downing of the aircraft, however the US claims it was accidentally shot down by the Syrian regime’s anti-aircraft artillery after the Syrians came under fire by Israeli missiles.
A US official said Washington believed the aircraft, the turbo-prop plane used for electronic reconnaissance, was inadvertently shot down by anti-aircraft artillery operated by Moscow’s ally, the Syrian Government.
Russsia’s Defence Ministry said the aircraft was returning to the Russian-run Hmeymim airbase in Latakia province when it disappeared from radar screens at about 11:00pm Moscow time.
The plane was over the Mediterranean Sea about 35 kilometres from the Syrian coastline, Russia’s TASS news agency quoted the ministry as saying in a statement.
The fate of the 14 people on board the missing plane is unknown, and a rescue operation has been organised out of the Hmeymim base, the ministry said.