No 10 ‘very concerned’ over Facebook data breach by Cambridge Analytica

Downing Street backs information commissioner inquiry into data-mining affecting millions of people

Downing Street expressed its concern for the Facebook data breach that affected tens of millions of people involving the analytics company that worked with Donald Trump’s campaign team.

No 10 weighed in on the row as almost $20bn (£14bn) was wiped off the social network company’s market cap in the first few minutes of trading on the Nasdaq stock exchange, where Facebook opened down more than 3%. After less than two hours trading, the company’s losses had multiplied to almost $30bn.

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19, 2018
Author: Jessica Elgot and Alex Hern

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