Cambridge Analytica row: Facebook’s Zuckerberg to speak in next 24 hours on data crisis | World News - Hindustan Times
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Cambridge Analytica row: Facebook’s Zuckerberg to speak in next 24 hours on data crisis

Bloomberg | BySarah Frier
Mar 21, 2018 10:48 PM IST

Mark Zuckerberg’s silence so far on the escalating crisis has only fanned the flames, sending the shares tumbling in recent days.

Facebook founder and chief executive officer Mark Zuckerberg plans to speak up shortly to address a barrage of criticism for the social-media company’s handling of the private data of millions of users.

Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, April 18, 2017.(Reuters File)
Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, April 18, 2017.(Reuters File)

Zuckerberg will speak publicly within 24 hours, according to a person familiar with the CEO’s plans. He is facing a rising swell of demands from politicians in the US and Europe to explain how Facebook let the personal data of 50 million people fall into the hands of Cambridge Analytica, a political-advertising firm that helped Donald Trump win the US presidency in 2016, without their consent.

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Zuckerberg’s silence so far on the escalating crisis has only fanned the flames, sending the shares tumbling in recent days. The CEO’s remarks will be aimed at helping to rebuild the public trust, according to the person familiar with the plans. Axios earlier reported on the timing of the speech.

The stock reversed earlier losses Wednesday and was up less than 1% in New York.

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