Facebook Shares Recover From Cambridge Analytica Scandal
- Company’s stock has rebounded 16 percent since late April
- Facebook’s first-quarter results showed little damage
Russian-Backed Facebook Ads Show 2016 Election Strategy
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Facebook Inc.’s shares have recovered from a data scandal that caused a reckoning over how the company handles user privacy and sent Chief Executive Officer Mark Zuckerberg to testify in front of Congress.
Since the revelation in mid-March that Cambridge Analytica, a political ad consulting firm, got data on tens of millions of users without their consent, Facebook has been scrambling to address criticism. The company reviewed all its products and made changes to how much information it shares with app developers.