Facebook's latest trouble is only getting worse. The company's stock slid nearly 7% on Monday, the biggest decline in four years, as it deals with allegations that it allowed people's personal data to be manipulated during the 2016 campaign, reports the Wall Street Journal. The new scandal specifically involves the data-mining company Cambridge Analytica, which worked for the Trump campaign and is accused of improperly obtaining the data of 50 million Facebook users without much trouble. The story continues to widen:
- Different: The details of this mess are complex, "but the most important thing to understand is that Facebook collects an enormous amount of data about its users, and it lost control of that data," writes Rhett Jones at Gizmodo. Yes, Facebook has weathered similar controversies, but this feels different, he adds. For one thing, lawmakers in the US and Europe are demanding accountability, raising the prospect of investigations, hearings, and penalties.