Wednesday, March 21, 2018

Zuckerberg was "impoverished" by $ 6 billion due to scandalous data leakage on Facebook

The news of the scandalous data leak of about 50 million Facebook accounts has brought a lot of headaches to the company, but it has also materially affected its CEO, Mark Zuckerberg. According to CNBC, the co-founder of the social network has lost over $ 6 billion in shares just a day.
The allegations of abuse in the largest social network have raised the institutions of the foot. The European Parliament has announced that it will investigate whether the Cambridge analytics firm, hired by Donald Trumpe during its election campaign, has misused consumer data to target political messages.
The news of the leak has attracted the attention of global media in recent days, and it has also logically affected investors. Facebook shares collapsed 7% during Monday's trading. This is precisely why Zuckerberg has been "impoverished". However, he has approximately 403 million shares in Facebook worth some 68.5 billion dollars. So the CEO of the company remains in 4th place according to the Bloomberg Billionaire Index and the 6th in the Forbes rating. 
As for Facebook, the company has lost $ 35 billion in market value on the first day of the week, with its capitalization estimated at around $ 502 billion.
Scandalous discoveries alongside Cambridge Analytica have inevitably put Facebook in a negative light. The company, however, points out that "the claim that this is a violation of personal data is totally false" and that "no systems have been infiltrated". 
Meanwhile, it became clear that Facebook Security Officer Alex Stamos is leaving his post in the company. The news was first reported by the New York Times and the Wall Street Journal, where Stamos' objection was raised as to how the organization responded to the spread of disinformation. 
In his Twitter post, he commented that he practically did not leave the company, but changed his role in it, and would continue to explore emerging security risks and work on improving it during elections. The change in features has already occurred in December. Stamos is actively involved in investigating Russian activity on Facebook and increasing corporate responsibility in the modern technology world. During the weekend, he also actively tweeted the stories surrounding Cambridge Analytica. "There are many big problems in dealing with the technology giants to be better," he said.

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