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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

1. "martyb" - https://soylentnews.org/~martyb/
2. "SEC asking if Facebook properly warned investors of data issue -- WSJ" - https://www.cnet.com/news/sec-investigating-if-facebook-gave-investors-enough-warning-about-data-issue-wsj-says/
3. "The Wall Street Journal reported Thursday (paywalled)" - https://www.wsj.com/articles/sec-probes-why-facebook-didnt-warn-sooner-on-privacy-lapse-1531422043?mod=breakingnews
4. "MarketWatch" - https://www.marketwatch.com/story/sec-investigating-if-facebook-properly-warned-investors-of-improper-data-sharing-2018-07-12
5. "NYT" - https://www.nytimes.com/aponline/2018/07/12/technology/ap-us-tec-facebook-sec-probe.html
6. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=27836

printed from SoylentNews, SEC Investigating if Facebook Gave Investors Enough Warning About Data Issue, WSJ Says on 2023-07-10 17:58:11