The Department of Justice along with several other federal agencies are combining forces to investigate Facebook in relation to the Cambridge Analytica scandal. The Washington Post reported that the following agencies are involved:
- The Securities and Exchange Commission
- Federal Trade Commission
- Federal Bureau of Investigation
This can only be bad news for Zuckerberg and company as the feds don’t just investigate stuff for fun. And they rarely walk away empty handed. And the fact that this many agencies are looking at the social network should set off alarm bells at Facebook HQ. What’s going to really worry Zuckerberg is that the investigation is being broadened to focus on Facebook’s statements following the scandal and whether its disclosures to both the public and its investors were “sufficiently complete and timely,” according to the Post. Not good if you’re Zuck as that could include stuff he said, or didn’t say to Congress.
Perhaps the world won’t have to decide to #DeleteFacebook. The feds may take care of that for the planet.
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This entry was posted on July 3, 2018 at 12:05 pm and is filed under Commentary with tags Facebook. You can follow any responses to this entry through the RSS 2.0 feed.
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Feds Ramp Up Probe Of Facebook
The Department of Justice along with several other federal agencies are combining forces to investigate Facebook in relation to the Cambridge Analytica scandal. The Washington Post reported that the following agencies are involved:
This can only be bad news for Zuckerberg and company as the feds don’t just investigate stuff for fun. And they rarely walk away empty handed. And the fact that this many agencies are looking at the social network should set off alarm bells at Facebook HQ. What’s going to really worry Zuckerberg is that the investigation is being broadened to focus on Facebook’s statements following the scandal and whether its disclosures to both the public and its investors were “sufficiently complete and timely,” according to the Post. Not good if you’re Zuck as that could include stuff he said, or didn’t say to Congress.
Perhaps the world won’t have to decide to #DeleteFacebook. The feds may take care of that for the planet.
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This entry was posted on July 3, 2018 at 12:05 pm and is filed under Commentary with tags Facebook. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.