🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Facebook still evasive over Cambridge Analytica and fake news: UK lawmakers

Published 06/29/2018, 01:26 PM
© Reuters. Figurines are seen in front of the Facebook logo in this illustration
META
-

LONDON (Reuters) - Facebook (NASDAQ:FB) continues to be evasive in its answers to a British parliamentary committee examining a scandal over misuse of the social media company's data by Cambridge Analytica, the committee's chair said on Friday.

Britain's digital and media (DCMS) committee is examining fake news, and what the consultancy, employed by Donald Trump's 2016 U.S. presidential campaign, did with the Facebook data, which was improperly obtained.

Cambridge Analytica said it deleted the data when asked and did not use it in Trump's campaign. It also denies doing paid work on the campaign for Brexit.

"Facebook continue to display a pattern of evasive behavior – a pattern which has emerged over the course of our inquiry", chair Damian Collins said in response to Facebook's latest letter to the committee, saying its answers over how it monitors political advertising and its resources devoted to security were inadequate.

"The company appears to prefer minimal over rigorous scrutiny... We will be addressing this point as part of our interim report being published in due course."

Facebook said it had welcomed the chance to help the committee with its inquiry.

"Facebook's CTO Mike Schroepfer gave nearly five hours of testimony to the DCMS committee in April and we have responded to every question the committee has sent us," a Facebook spokeswoman said.

© Reuters. Figurines are seen in front of the Facebook logo in this illustration

"We continue to engage with the DCMS and Mr Collins to provide any further information they may need."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.