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Facebook suffers biggest drop of stocks amid alleged data leak crisis

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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.

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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.

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3 die as building collapse near Delhi, dozen more people feared trapped

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NEW DELHI — At least three people have confirmed died after a six-storey building collapsed and fell on another building in Greater Noida near New Delhi of India on Tuesday night.

The National Disaster Relief Force (NDRF) team has recovered three bodies from under the debris of the building that collapsed in Greater Noida’s Shah Beri village.

Bodies of two people were first recovered from the remains of the four-storey building at around 1:15 am. Six hour later, a third body was recovered. A woman is among those who died in the collapse.

At least a dozen more people including children are feared trapped in the debris,the police say.

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Uttar Pradesh Chief Minister Yogi Adityanath has directed the Gautam Budh Nagar district magistrate and the police to monitor relief and rescue activities along with the NDRF team.

The agitated locals say though the buildings collapsed at around 8:30 pm, the police reached the spot almost an hour after they were informed.

Meanwhile, three people, including the man who owned the under-construction site, have been arrested, police said.

Eighteen families lived in the building in the Shah Beri village, according to reports.

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