Alwaght- A federal investigation into Facebook’s sharing of data with political consultancy Cambridge Analytica has broadened to focus on the actions and statements of the tech giant and now involves multiple agencies, including the Securities and Exchange Commission, the Washington Post reported on Monday, citing people familiar with the inquiries
The emphasis has been on what Facebook has reported publicly about its sharing of information with Cambridge Analytica, whether those representations square with the underlying facts and whether Facebook made sufficiently complete and timely disclosures to the public and investors about the matter, the Washington Post report said.
The New York Times previously reported that the Justice Department was investigating Cambridge Analytica, which had also worked with Republican candidates besides Donald Trump. But the extent of federal investigation into the actions and statements of Facebook itself has not previously been revealed.
Regulators and authorities in several countries have increased scrutiny of Facebook after it failed to protect the data of some 87 million users that was shared with Cambridge Analytica.
