Facebook Sued by Investors Over Voter-Profile Harvesting
- Investors claim Facebook failed to disclose vulnerability
- Research firm gathered data for Trump without permission
This article is for subscribers only.
Facebook Inc.’s failure to safeguard privacy was blamed in an investor lawsuit for a slump in its share price that followed the revelation user data was harvested without permission by a research firm connected to U.S. President Donald Trump.
The world’s largest social media network was sued in San Francisco federal court on Tuesday by shareholders in a class action who said they suffered losses after the disclosure that Cambridge Analytica, a U.K.-based firm that aided Trump, improperly obtained profile information on 50 million users.