Uh Oh! There Might Be Big Trouble For Facebook!

The Wall Street Journal (via Reuters as the Wall Street Journal story is paywalled) is reporting that Facebook uncovered emails that appear to show Chief Executive Mark Zuckerberg’s connection to potentially problematic privacy practices at the company:

The newspaper said reporters had not seen the emails and relied on unnamed people. The report said the communications “appear to show Chief Executive Mark Zuckerberg’s connection to potentially problematic privacy practices at the company”. Shares of the Menlo Park, California-based company were down 1.8% at $174.9 in early afternoon trading.

The emails have raised concerns within the company that they could be a public relations problem, at least, for Facebook, the WSJ reported, citing one of the people familiar with the matter.

And:

The company’s move to reach a speedy settlement of the FTC investigation is in part because of the emails, according to the WSJ report. The Journal said it could not determine what emails the FTC has requested and how many of them relate to Zuckerberg.

Well, if these emails do exist, and prove who knew what and when, then Facebook as a whole, and Zuckerberg and Sheryl Sanders are basically screwed. It would be a free for all by any agency in the US that has the ability to jail or fine a company or an individual. Not to mention the lawsuits that would instantly filed over this. Plus I would not be shocked if some government agency raided Facebook with a search warrant in hand in the coming days or weeks.

Perhaps this is the beginning of the end for Facebook?

 

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