Cambridge Analytica: CEO's apology may fail to contain FB shares' free fall

With Facebook rocked by the Cambridge Analytica scandal, CEO Mark Zuckerberg apologised for data leak and breach of trust, and listed out further steps being taken at his company to enhance security

The Cambridge Analytica data breach scandal has rocked social media giant Facebook. CEO and founder Mark Zuckerberg on Wednesday apologised to the platform's two billion users for a "major breach of trust". Zuckerberg also announced three steps that Facebook is taking to better protect user data, especially given the reports that Cambridge Analytica might still possess Facebook user data which it improperly obtained. The Facebook CEO also said that he was ready to testify before the US Congress. 

In his Facebook post, Zuckerberg said the social media giant had "a responsibility to protect" its users' data, adding that "if we