The Trader 

Market Outlook: Cambridge Analytica furore

The Trader

A whistle-blower claims that Facebook has collected data on at least 50 million social media users and passed it on to Cambridge Analytica, which has close ties to Steve Bannon, Donald Trump’s former chief strategist.  It is then alleged to have used the information on the mainly US voters to influence the outcome of the US Presidential election.  British MP Damian Collins has asked Facebook CEO Zuckerberg to testify as to whether UK social media data had been used to influence the Brexit referendum and the general election, telling him to ‘stop hiding behind his Facebook page’.     

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