Facebook shares dive 7% amid data misuse claim

Leading losses in the NASDAQ

Laura Dew
Facebook has been caught up in a privacy scandal alongside Cambridge Analytica

Facebook has been caught up in a privacy scandal alongside Cambridge Analytica

Facebook shares have fallen 7% overnight, losing more than $38bn (£33.4bn), as the company is claimed to be involved in the data privacy scandal surrounding Cambridge Analytica and Donald Trump's Presidential election campaign.

Last weekend, a number of US newspapers reported Facebook was involved in aiding the UK political consultancy to swing elections. Cambridge Analytica is alleged to have mined the personal data o...

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