Data leak crises: Facebook suffers drop of stocks
San Francisco: The world's largest social media company Facebook suffered the biggest one-day drop of its stocks by seven per cent on Wall Street on Monday in four years following reported data leakage of its 50 million users for alleged political purposes.
The Facebook loss came after US and British media reported that the data of more than 50 million Facebook users were inappropriately used by a British data analysis company, Cambridge Analytica, in activities allegedly connected with US President Donald Trump during his 2016 campaign.
Trump's campaign reportedly used the firm's data during the primaries but not during the general election and Federal Election Commission numbers showed the firm collected $5.9 million in 2016 from Trump's campaign, Xinhua cited California-based The Mercury News daily as saying.
Cambridge Analytica received user data from a Facebook app years ago that purported to be a psychological research tool, though the firm was not authorised to have that information.
Facebook admitted that an estimated 270,000 people had downloaded the app and shared their personal details with it.
Last Friday, Facebook said in an official post that it had suspended "Strategic Communication Laboratories (SCL), including their political data analytics firm, Cambridge Analytica," from its website.
It said the two companies had failed to delete user data acquired in 2015 in violation of Facebook rules.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
PM Modi embarks on three-nation visit beginning with Jordan
New Delhi (PTI): Prime Minister Narendra Modi on Monday embarked on a visit to Jordan, Ethiopia and Oman -- countries which enjoy civilizational ties and exceptional bilateral relations with India.
"First, I will be visiting Jordan, on the invitation of His Majesty King Abdullah II ibn Al Hussein. This historic visit will mark 75 years of establishment of diplomatic relations between our two countries," the prime minister said in his departure statement.
Modi will hold detailed discussions with Jordanian King Abdullah II ibn Al Hussein, Prime Minister Jafar Hassan, and will also meet Crown Prince Al Hussein bin Abdullah.
In his first visit to Ethiopia, the prime minister will address the Joint Session of Parliament and share his thoughts on India's journey as the "Mother of Democracy" and the value that the India-Ethiopia partnership can bring to the Global South.
The prime minister will also hold discussions with Ethiopia's Prime Minister Abiy Ahmed Ali and meet the Indian diaspora.
"On the final leg of my journey, I will visit the Sultanate of Oman. My visit will mark 70 years of the establishment of diplomatic ties between India and Oman," Modi said.
In Muscat, the prime minister will hold discussions with the Sultan of Oman on strengthening the Strategic Partnership as well as a strong commercial and economic relationship.
"I will also address a gathering of the Indian diaspora in Oman, which has contributed immensely to the country's development and in enhancing our partnership," Modi said.
