Facebook found itself in serious trouble after it emerged that data analysis company,
Cambridge Analytica, managed to get hold of 50 million facebook users’ personal information.
This information was used to influence voters to vote for Donald Trump in the American presidential election in 2016
Now, many people have chosen to delete their Facebook accounts because they
believe Facebook isn’t doing enough to protect their sensitive data.
What sort of stuff
do we share on Facebook?
And what can it be used for?
Could it influence an election?
That is the question sweeping across America.
During the American Election in 2016, the Trump campaign hired analysis company Cambridge Analytica.
This company collected private data from 50 million Facebook users, without their permission.
So claims a former employee of the company.
The whistleblower also says that this stolen material was a powerful political weapon,
influencing voters to vote for Trump.
Cambridge Analytica deny any wrongdoing, but they have been kicked off Facebook for breaking their guidelines.
Facebook itself has received wide criticism.
Politicians from the EU, USA and Britain demand answers.
The Consumer Council of Norway are worried about the recent disclosures,
fearing more companies are working to get hold of personal data.
There is a large possibility of misuse.
Because Facebook and others know so much about us.
Norway’s Høyre party was in contact with Cambridge Analytica before the 2017 general election, but chose not to use them.
- Do you understand that collecting this kind of data looks speculative and perhaps crosses a line?
Yes it is, to the highest degree.
Now we see that they are suspended from Facebook, thank goodness.
That’s not how we want to work.
People must feel safe that any data collected is processed in such a way that people know how it is being processed.
Nordea has chosen to place Facebook on a blacklist, putting their shares in quarantine.
The Norwegian oil fund owns shares in Facebook worth 30 billion kroner. In just a few days, they lost nearly 2.9 billion kroner.
Head of Communication at the oil fund, Thomas Sevang, said that it was a long term investment, and wouldn’t comment further.