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.
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'Betrayal of people's mandate': Tejashwi on Nitish's Rajya Sabha entry
Patna (PTI): RJD leader Tejashwi Yadav on Thursday said Bihar Chief Minister Nitish Kumar's decision to enter the Rajya Sabha was a "betrayal" of the people's mandate.
Yadav, the leader of the opposition in the state assembly, alleged the BJP has always been opposed to Dalits and OBCs, and with Kumar leaving the CM's post, it will seek to implement its agenda in the socialist stronghold.
"The BJP has done a Maharashtra in Bihar," he said.
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"We have been saying from the very beginning that the BJP will not let Nitish Kumar remain the chief minister after the elections. This is exactly what has happened. This development is against the mandate of the people and amounts to a betrayal of it," he said.
Alleging that the BJP had "hijacked" Kumar, Yadav said that was the reason the veteran leader was now moving to the Rajya Sabha.
"BJP is against OBCs and Dalits. They never want a leader from these communities to occupy the top post. They want a chief minister who will function like a rubber stamp for the top BJP leadership," he alleged.
"I had said -- 'Nitish ji ko ghoda toh chadhaya hai dulha banake, lekin phera kisi aur ke saath dila raha hai' (They made Nitish Kumar mount the horse like a groom, but are getting someone else to take the wedding vows)," he added.
Kumar, the state's longest-serving chief minister, filed nomination papers for the Rajya Sabha polls, paving the way for the first BJP-led government in the state.
