The Federal Trade Commission confirmed that it has an opened a "non-public" investigation into Facebook Inc.'s privacy practices. The social media giant's stock quickly dropped more than 5 percent. It's now down more than 20 percent from its Feb. 1 high.
Cambridge Analytica assigned dozens of non-US citizens to provide campaign strategy and messaging advice to Republican candidates in 2014, according to three former workers for the data firm, even as an attorney warned executives to abide by US laws limiting foreign involvement in elections. The assignments came amid efforts to present the newly created company as “an American brand” that would appeal to U.S. political clients even though its parent, SCL Group, was based in London, according to former Cambridge Analytica research director Christopher Wylie.
Recently, a New Zealand man was looking through the data Facebook had collected from him in an archive he had pulled down from the social networking site. While scanning the information Facebook had stored about his contacts, Dylan McKay discovered something distressing: Facebook also had about two years' worth of phone call metadata from his Android phone, including names, phone numbers, and the length of each call made or received. Facebook uses phone-contact data as part of its friend recommendation algorithm.
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