It’s been a bad week for social media companies. Twitter’s recent banning of conservative personalities like Stephen Crowder has sparked unrest among fans and non-fans alike, who believe these individuals are being unfairly targeted due to their political beliefs.
Twitter claims that the banned conservatives were violating the site’s terms by promoting hate speech, but users pointed out that Twitter has no problem with pornographic sites like Penthouse on Playboy using their site. Apparently, a Christian conservative comedian like Stephen Crowder is crossing the line.
Facebook has also been accused of censoring conservatives like Lauren Southern in the past, but this only scratches the surface when it comes to the website’s shady dealings.
Now the chickens have finally come home to roost on social media powerhouses, and the federal government is tightening the noose around a certain sneaky CEO.
The Federal Trade Commission is investigating whether the use of personal data from 50 million Facebook users by Cambridge Analytica violated a consent decree the tech company signed with the agency in 2011, Bloomberg reported Monday.
The probe follows a weekend of turmoil for the social media giant. Reports this weekend said the research firm improperly gained access to the data of more than 50 million Facebook users.
Shares of Facebook fell as much as 5 percent Tuesday, after skidding as much as 8 percent on Monday.
UK officials are also investigating, ordering auditors hired by Facebook to stand down and summoning CEO Mark Zuckerberg to provide evidence for review.
Damian Collins, a member of England’s parliament, sent a letter to Zuckerberg Tuesday requesting that he appear in front of the Digital, Culture, Media and Sport Committee. He has until March 26th to respond.
Being summoned before government officials isn’t Zuckerberg’s only worry. Since the news of this privacy hack broke, Zuckerberg’s net worth dropped by $5.1 billion in just a matter of hours.
People have been speculating for some time that Zuckerberg will run for president in 2020 as a Democrat, but that may now be in jeopardy in the wake of this PR nightmare.
The proud leftist recently went on a national tour to promote liberal talking points like advocating for a universal basic income and placing higher taxes on the wealthy.
But if his net worth keeps dropping the way it has been, he may need that universal basic income for himself.