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Facebook Mark Zuckerberg Breaks His Silence on Data Privacy Issues

Facebook’s Mark Zuckerberg broke his silence Wednesday on the Cambridge Analytica data scandal that’s plagued the social media giant in recent days and slashed stock value.
On Wednesday, Zuckerberg took to Facebook to acknowledge what has become a deeply damaging scandal surrounding the company’s ability, or lack thereof, to protect its users’ data. He also announced changes to the platform designed to protect users’ data. The changes come in the wake of reports by The New York Times along with The Guardian and The Observer, alleging that Cambridge Analytica, a vendor to President Trump’s 2016 campaign, and Cambridge’s British counterpart SCL had harvested a trove of Facebook user data from a University of Cambridge researcher, and may have kept it, despite promises to Facebook that all of the data they received from the researcher had been deleted in 2015. By Tuesday, Facebook’s market value had dropped by nearly $50 billion, as members of Congress step up their calls on Zuckerberg to come to Washington to testify.

Facebook investors dumped more shares on Wednesday, sending Facebook’s stock price tumbling to a low of $169 a share.

Market analysts say Facebook is in trouble because it was never worth $500 billion for a website that has no product to sell.

Master hacker Julian Assange noted that Facebook has no product to sell because the product is YOU.

“If you aren’t paying for the product, you are the product,” he tweetedon Tuesday.

A Reddit user uncovered leaked text messages from Zuckerberg who referred to Facebook users as “Dumb f–ks” for sharing their personal data, such as phone numbers and even home addresses, on Facebook.

Meanwhile, #DeleteFacebook hashtags have been trending all day on Twitter.com.

“If you’re angry about what Facebook has done with our data then just #deletefacebook. Remember we aren’t the customers we are the product,” wrote one user on Twitter.

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