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Facebook Value Drops by $37bn Following Privacy Backlash

Global business news, with live guests and contributions from Asia and the USA.

Facebook's shares have fallen sharply, wiping $37bn off the firm's value, as it faces questions from US and UK politicians about its privacy rules.
The social network is under fire after reports on how Cambridge Analytica, which some believe helped Donald Trump win the US election, acquired and used Facebook's customer information. US Congress have summoned the Facebook founder and boss, Mark Zuckerberg, to account for what happened. And the company's chief security officer, Alex Stamos, has been removed.
Uber has suspended tests on its self-driving cars after one of them hit and killed a pedestrian in Arizona. Will people think twice about autonomous cars?
Also on the programme - commuting by helicopter in Sao Paolo, social media detox and Sex and the City's Cynthia Nixon announces she is launching a bid to become New York governor.

PHOTO: Mark Zuckerberg, Getty Images

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53 minutes

Last on

Tue 20 Mar 2018 01:06GMT

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  • Tue 20 Mar 2018 01:06GMT

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