SEC investigating if Facebook gave investors enough warning about data issue, WSJ says

CNET | 7/12/2018 | Abrar Al-Heeti
iVchan (Posted by) Level 3
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The SEC is reportedly probing whether Facebook properly warned investors following the Cambridge Analytica scandal.

The Securities and Exchange Commission is looking into whether Facebook gave investors enough warming about the possible misuse and improper gathering of users' data, The Wall Street Journal reported Thursday.

March - Data - Facebook - Users - Consultancy

In March, it was revealed that data on 87 million Facebook users was allegedly misused by political consultancy Cambridge Analytica during the 2016 US presidentail campaign. Earlier this month, several federal agencies, including the SEC, the Federal Trade Commission and the Federal Bureau of Investigation joined the Department of Justice's inquiry into the data scandal.

The SEC has requested information from Facebook in an...
(Excerpt) Read more at: CNET
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