NEW YORK—Facebook’s latest privacy scandal, involving Trump campaign consultants who allegedly stole data on tens of millions of users in order to influence elections, has some people reconsidering their relationship status with the social network.
There’s just one problem: There isn’t much of anywhere else to go.
Facebook has weathered many such blow-ups before and is used to apologizing and moving on. But the stakes are bigger this time.
Regulatory authorities are starting to focus on the data misappropriation, triggering a 9 per cent decline in Facebook’s normally high-flying stock since Monday. Some of that reflects fear that changes in Facebook’s business will hurt profits or that advertisers and users will sour on the social network.