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SEC Investigating if Facebook Gave Investors Enough Warning About Data Issue, WSJ Says

posted by mrpg on Friday July 13 2018, @11:21AM   Printer-friendly
from the who-knew-what-when? dept.

martyb writes:

SEC asking if Facebook properly warned investors of data issue -- WSJ

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 (paywalled).

[...] The SEC has requested information from Facebook in an effort to learn how much the social networking company knew about Cambridge Analytica's data use, according to the Journal. In addition, the SEC reportedly wants to learn how Facebook analyzed its risk as developers shared data with others against Facebook's policies.

[...] The SEC is also looking into whether Facebook should have told shareholders about Cambridge Analytica's policy violation when it found out in 2015.

Also at MarketWatch and NYT.

Original Submission

 
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  • (Score: 0) by Anonymous Coward on Friday July 13 2018, @02:16PM (1 child)

    by Anonymous Coward on Friday July 13 2018, @02:16PM (#706624)

    *only US citizens. The other 96 % of the world population doesn't have God given inalienable rights.

    I believe that the US is currently looking into the option of revoking naturalized citizenship. So that 96% number may be going up.

  • (Score: 2) by realDonaldTrump on Saturday July 14 2018, @12:08AM

    by realDonaldTrump (6614) on Saturday July 14 2018, @12:08AM (#706853) Homepage Journal

    It's called denaturalization. And we're not looking into it, we don't need to look into it. It's been looked into. And it was done in the 50s. When America was Great. We stopped it -- why? But we're doing it again. Because of me. We call it Operation Second Look. And it's just what it sounds like. We take another look at our so-called citizens from foreign countries. We look at, did they lie when they applied? And if they lied we put them in jail. Take them to court. And deport them. Our Country is full, we don't have room for liars!!!! #MAGA [twitter.com]