Financial Review

Facebook Busted

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Synopsis

…Facebook breached by Cambridge Analytica; shares slammed. Uber autonomous car kills pedestrian in Tempe. SCOTUS: Dreamers can drive in AZ; Pennsylvania un-gerrymandered. AT&T-Time Warner case. Budget deal Friday deadline. Financial Review by Sinclair Noe for 03-19-2018 DOW – 335 = 24,610 SPX – 39 = 2712 NAS – 137 = 7344 RUT – 15 = 1570 10 Y – .01 = 2.84% OIL – .19 = 62.15 GOLD + 3.00 = 1317.60   Facebook stock was slammed today as American and British lawmakers demanded that it explain how a political data firm with links to Trump’s 2016 campaign was able to harvest private information from more than 50 million Facebook profiles without the social network’s alerting users. Over the weekend, The New York Times and The Observer of London reported that Cambridge Analytica, a political data firm founded by Steve Bannon and Robert Mercer, a wealthy Republican donor, had used the Facebook data to develop methods that it claimed could identify the personalities of individual American voters and influence their beha