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Offbeat Facebook’s disclosures under scrutiny as federal agencies join probe of tech giant’s role in sharing data with Cambridge Analytica

02:01  03 july  2018
02:01  03 july  2018 Source:   msn.com

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A federal investigation into Facebook ’ s sharing of data with political consultancy Cambridge Analytica has broadened to focus on the actions and statements of the tech giant and now involves multiple agencies , including the Securities and Exchange Commission, according to people familiar

A federal investigation into Facebook ’ s sharing of data with political consultancy Cambridge Analytica has broadened to focus on the actions and statements of the tech giant and now involves multiple agencies , including the Securities and Exchange Commission, according to people familiar

PARIS, FRANCE - MAY 24:  Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. The VivaTech exhibition in Paris brings together nearly 1800 start ups alongside the largest international groups.  (Photo by Christophe Morin/IP3/Getty Images) © 2018 Christophe Morin/IP3 PARIS, FRANCE - MAY 24: Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. The VivaTech exhibition in Paris brings together nearly 1800 start ups alongside the largest international groups. (Photo by Christophe Morin/IP3/Getty Images)

A federal investigation into Facebook’s sharing of data with political consultancy Cambridge Analytica has broadened to focus on the actions and statements of the tech giant and involves three agencies, including the Securities and Exchange Commission, according to people familiar with the official inquiries.

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A federal investigation into Facebook ' s sharing of data with political consultancy Cambridge Analytica has broadened to focus on the actions and statements of Yet Facebook didn't disclose that information to the public until March, on the eve of the publication of news reports about the matter.

Facebook ’ s disclosures under scrutiny as federal agencies join probe of tech giant ’ s role in sharing data with Cambridge Analytica . Representatives for the

Representatives for the FBI, the SEC and the Federal Trade Commission have joined the Justice Department in its inquiries about the two companies and the sharing of personal information of 71 million Americans, suggesting the wide-ranging nature of the investigation, said five people, who spoke on the condition of anonymity to discuss a probe that remains incomplete.

These people added that the emphasis has been on what Facebook has reported publicly about its sharing of information with Cambridge Analytica, whether those representations square with the underlying facts and whether Facebook made sufficiently complete and timely disclosures to the public and investors about the matter. The Capitol Hill testimony of Facebook officials, including chief executive Mark Zuckerberg, also is being scrutinized as part of the probe, said people familiar with the federal inquiries.

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A federal investigation into Facebook ' s sharing of data with political consultancy Cambridge Analytica has broadened to focus on the actions and statements of the tech giant and now involves three agencies , including the Securities and Exchange Commission, according to people familiar with

The Facebook – Cambridge Analytica data scandal was a major political scandal in early 2018 when it was revealed that Cambridge Analytica had harvested the personal data of millions of peoples'

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Facebook confirmed that it had received questions from the federal agencies and said it was sharing information and cooperating in other ways. “We are cooperating with officials in the US, UK and beyond," said Facebook spokesman Matt Steinfeld. "We’ve provided public testimony, answered questions, and pledged to continue our assistance as their work continues.”

The Justice Department and the other federal agencies declined to comment. The FTC in March disclosed that it was investigating Facebook over possible privacy violations. Cambridge Analytica has closed operationssince the scandal erupted, and an inquiry to its press office was returned as undeliverable.

The New York Times previously reported that the Justice Department was investigating Cambridge Analytica, a political consultancy that worked for President Trump and other Republican candidates. But the extent of federal investigation into the actions and statements of Facebook itself has not previously been revealed.

“The fact that the Justice Department, the FBI, the SEC and the FTC are sitting down together does raise serious concerns,” said David Vladeck, former director of the FTC’s Bureau of Consumer Protection and now a Georgetown Law professor. He said he had no direct knowledge of the investigation but said the combination of agencies involved “does raise all sorts of red flags.”

Facebook uses newspaper ads to warn WhatsApp users about fake news .
The devastating consequences of fake news are apparent around the world, but in recent times India has felt them most keenly, with the spread of misinformation resulting in the deaths of 12 people in the last two months. This week, Facebook has taken out full-page adverts in a number of Indian newspapers imploring WhatsApp users to think carefully about the messages they receive, and offering 10 tips for spotting fake news. The advert encourages users to "question information that upsets you" and to "think twice before sharing it again.

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