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Facebook's auditors stand down on UK government request

Published 03/19/2018, 07:33 PM
© Reuters.  Facebook's auditors stand down on UK government request
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  • In an update on its forensic audit of Cambridge Analytica, Facebook (NASDAQ:FB) says auditors from its chosen firm Stroz Friedberg were on site at Cambridge's London office this evening.
  • But at the request of the UK Information Commissioner, those auditors stood down.
  • The Information Commissioner's Office is pursuing a warrant for its own on-site investigation and directed the halt to Facebook's audit.
  • Caught in the market downdraft today or just following their social-networking rival down (if those two ideas can be separated today), other sector firms finished lower today: TWTR ended down 1.7%; SNAP closed down 3.5%; GOOG closed down 3.2%; GOOGL down 3%.
  • Now read: Facebook: A Hidden Gem


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