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Facebook Asks Major U.S. Banks to Share Customer Financial Data

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Last month Facebook acknowledged that it was facing multiple inquiries from US and British regulators about a scandal involving the British consultancy Cambridge Analytica. In Facebook’s worst ever public relations disaster, it admitted that up to 87 million users may have had their data hijacked by Cambridge Analytica, which was working for US President Donald Trump’s 2016 election campaign.

The social network is now looking at cooler growth following a years-long breakneck pace. Shares in Facebook plummeted last week, wiping out some $100 billion, after the firm missed quarterly revenue forecasts and warned growth would be far weaker than previously estimated.



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