Facebook acquired WhatsApp in 2014 for about $19 billion, and Acton received about $3 billion for his stake in WhatsApp. Facebook found out about the violation in 2015, shut down the app creator's access to the social network and asked Cambridge Analytica to certify that it had erased the data. On Friday, Facebook said it was suspending Cambridge Analytica from the social network after learning that the users' information hadn't been erased, calling the leak "an unacceptable violation of trust." (According to a report in The New York Times on Saturday citing former employees and contractors, Cambridge Analytica still posseses "most or all of the trove" of Facebook data. The Cambridge Analytica crisis hasn't only elicited a response from upset Facebook users.

Source: Forbes March 21, 2018 04:18 UTC