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Socially responsible funds dump or rethink Facebook over data privacy

The retreat from the world's largest social media network is one of the sharpest responses by investors to concerns about Facebook's handling of user data

Reuters  |  Boston 

Several socially conscious investment firms are selling or rethinking their Facebook Inc holdings, unsatisfied by the company's moves to strengthen personal data protection and online safety after scandals involving the improper sharing of users' information. The retreat from the world's largest social media network is one of the sharpest responses by investors to concerns about Facebook's handling of user data. Cambridge Analytica, a now-defunct political data firm hired by Trump's 2016 election campaign, has been accused of harvesting data for 87 million ...

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First Published: Sat, May 19 2018. 21:08 IST
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