Facebook is to blame for the data scandal that has engulfed the social media giant, U.K. lawmaker Damian Collins told CNBC on Wednesday. "This is Facebook's responsibility," he said on "Closing Bell." Cambridge Analytica, which worked on Facebook ads for the Trump campaign, is accused of … Read More

File – In this April 4, 2013 file photo, Facebook CEO Mark Zuckerberg walks at the company's headquarters in Menlo Park, Calif. Facebook is having one of its worst weeks as a publicly traded company with a share sell-off continuing for a second day. Britain's Commissioner Elizabeth Denham told the … …

Some of us have been on Facebook for more than a decade, but all good things come to an end. Over the past 18 months, Facebook has been in a downward spiral. The social network is in the eye of a controversy storm, with fake news, Russia's meddling in the …

After revelations that political consulting firm Cambridge Analytica allegedly appropriated Facebook user data to advise Donald Trump's 2016 U.S. presidential campaign, many are calling for greater regulation of social media networks, saying a “massive data breach” has occurred. The idea that … Read More

The millions of Facebook accounts in question—as the reporter Michael Schwartz pointed out last March—were mostly culled from the friend networks of people who clicked on a cute personality quiz on the site. A significant number of the initial test-takers, starting in around 2014, were paid freelancers … Read More

The professor who created the app, Aleksandr Kogan, had told Facebook he was creating the app for academic research purposes, but he shared the personal information with Cambridge Analytica. Though only 270,000 people downloaded the app, because it also captured from users' friends, the data … Read More

If every new communications technology contains within it the seeds of its own demise, we might have just witnessed Facebook's death sprouts breaking ground. Mark Zuckerberg's social media site, which made so many of us giddy with gladness not long ago for the way it plugged us in to our …

Mark Zuckerberg, Facebook chief executive, admitted his company made mistakes in protecting the privacy of users as he made his first public comments on reports that Cambridge Analytica had harvested data from more than 50m accounts on the social network. The 33-year-old Facebook founder … Read More

Mark Zuckerberg has finally responded to the furor over Facebook's handling of the Cambridge Analytica scandal. In a post today, he said he is working to prevent similar abuses of user privacy. “We have a responsibility to protect your data, and if we can't then we don't deserve to serve …

Facebook is changing the way its shares data with third-party applications, Mark Zuckerberg announced Wednesday in his first public statement since the Observer reported that the personal data of about 50 million Americans had been harvested and improperly shared with a political consultancy. Read More