Cambridge Analytica suspended its CEO Alexander Nix Tuesday after an undercover recording showed him bragging about illegally influencing political campaigns. The firm was already under fire for its role in the Facebook data scandal. Many of that company’s top executives, including CEO Mark Zuckerberg, have stayed silent the last few days and even skipped out on a company-wide meeting Tuesday. These two strands together indicate potential turmoil at the top of both companies, according to Jesse Byrnes, Associate Editor of The Hill. “I think we’re seeing the gravity of the issue playing out now,” he told Cheddar. “We’re seeing lawmakers...calling for the top executives to make public appearances and to be answering questions.” Late last week, news broke that data company Cambridge Analytica had used Facebook to collect data on millions of Americans without their permission. It then used that information to create personality profiles which were allegedly passed on to President Donald Trump’s campaign team before the 2016 election. Its transgressions may have surpassed that -- in a video from Britain’s Channel 4 news, Nix talked about entrapping politicians with sex workers and his willingness to take bribes. The exec further boasted about the company’s role in electing Trump. Also on Tuesday, Facebook came into the crosshairs of the Federal Trade Commission, which launched a probe into how the social media company used data from Cambridge. “[They’re] going to be interested to see if Facebook allowed Cambridge Analytica to access this information and...whether they were at least knowledgeable about this,” said Byrnes. Facebook said in a statement that in 2015 it asked Cambridge Analytica to delete all the data it had collected. It denied it knew Cambridge ignored that request and so suspended the company from its platform. Not only does this controversy add to questions about Facebook’s privacy and data protection policies, it’s also given rise to the #DeleteFacebook campaign, which some say could eventually gain traction. “I think people are going to reach a moment where the straw kind of breaks the camel’s back,” said Damon Beres, Executive Editor at Mashable. “We’ve been hearing so much about all these bad things that are happening because of Facebook...I would not be surprised if eventually people say enough is enough.” Investors may be nearing that breaking point too. Facebook’s stock continued its downward trajectory on Tuesday, slipping another 2.5 percent after Monday’s near seven percent drop. For the full interview, [click here](https://cheddar.com/videos/facebook-under-fire-what-the-u-s-could-learn-from-the-eu).

Share:
More In Politics
SCOTUS Mississippi Abortion Rights Case 'Direct Challenge' to Roe v. Wade
The Supreme Court will be hearing arguments in Dobbs v. Jackson Women's Health on Wednesday over a Mississippi law banning abortions after 15 weeks. Jimmy Hoover, the Supreme Court editor-at-large for Law360, joined Cheddar to break down the momentous legal fight. "This is the biggest abortion case at the Supreme Court in 30 years," he said. "It is a … a direct challenge to Roe v. Wade."
Stocks Plummet Following Fed Chair Powell's Comments on Tapering
Matt Peron, Director of Research at Janus Henderson Investors, joins Cheddar News' Closing Bell, where he breaks down the factors leading to today's market slide and says there's more to it than Fed Chair Jerome Powell's comments about speeding up tapering efforts.
Walmart CEO Praises Biden Efforts to Ease Supply Chain Bottlenecks
Walmart CEO Dough McMillon praised the Biden administration's efforts to ease supply chain constraints after the company saw a 26 percent jump in shipments over the last month. President Joe Biden had announced back in October that California ports would operate on a 24/7 basis.
Omicron Risk, Barbados Drops Queen & Jack Logs Off
Jill and Carlo cover the latest developments with the Omicron variant that are spooking markets once again. Twitter's @Jack is leaving, SCOTUS takes up abortion rights and the world has a brand new republic.
U.S. to Buy 10 Million Courses of Pfizer Covid Pill
The Biden Administration is set to buy 10 million courses of Pfizer's Covid pill if it gains emergency use authorization from the FDA. With this purchase, the U.S. will receive more than 13 million courses of antiviral pills aimed at treating Covid and reducing severe illness and death. Pfizer's pill has been shown to reduce risk of hospitalization and death by 89 percent, proving it could be a key tool in the fight against the pandemic. Dr. Soumi Eachempati, Co-Founder, CEO & CMO of Cleared4, joined Cheddar News to discuss.
Breaking Down the Build Back Better Act's Impact on Affordable Housing
The Build Back Better Act has been at the center of endless negotiations and debate, ultimately landing as a nearly $1.8 trillion plan. One of the highlights is $170 billion dollars for affordable housing, making history as the largest investment in the sector to date. Eliza Collins, politics reporter for The Wall Street Journal, joins Cheddar News to break down the bill.
U.S. to Tap into Oil Reserves to Lower Prices at the Pump
The Biden Administration is releasing 50 million barrels of oil from the U.S. oil reserves in hopes of easing soaring gas prices. Vijay Vaitheeswaran, Global Energy and Climate Innovation Editor at the Economist, joined Cheddar to discuss.
Load More