Following the whirlwind data scandal that immersed Facebook, Mark Zuckerberg (Facebook CEO) has broken his silence.
Zuckerberg stated in a post on Wednesday that he would take a series of steps to protect the user data while also saying that he is ultimately responsible for whatever happens on the social media platform.
“We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you. I’ve been working to understand exactly what happened and how to make sure this doesn’t happen again” Zuckerberg wrote in a Facebook post.
Earlier this week it was discovered that Cambridge Analytica, a data firm associated with U.S President Trump’s campaign reportedly accessed information from about 50 million Facebook users without their knowledge.
The data was originally collected by a professor for academic purposes aligning with Facebook’s rules but the data was later transferred to third parties, including Cambridge Analytica which then violated Facebook’s policies.
Although this violation has effected the privacy of the 50 million individuals involved, they weren’t the only ones effected. The scandal knocked nearly $50 billion off Facebook’s stock price this week.