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Facebook Makes Investors Wary Of More Possible Cambridge-Analytica Type Data Breaches

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| April 28 , 2018 , 16:13 IST

Facebook has warned investors that more users' data scandals in the future may adversely affect the social networking giant's reputation and brand image.

“We anticipate that our ongoing investments in safety, security, and content review will identify additional instances of misuse of user data or other undesirable activity by third parties on our platform,” the company stated.

In its quarterly report shared with the US Securities and Exchange Commission (SEC), without mentioning Cambridge Analytica, Facebook said that its ongoing investments in safety, security, and content review will identify additional instances of misuse of user data.

ALSO READ: Govt Serves 2nd Set Of Notices To Facebook, Cambridge Analytica In Data Breach Case

"Such incidents and activities may include the use of user data in a manner inconsistent with our terms or policies, the existence of false or undesirable user accounts, election interference, improper ad purchases, activities that threaten people's safety on- or off-line, or instances of spamming, scraping, or spreading misinformation.”

The social media giant made a revenue of $11.97 billion with $4.98 billion in profit in the first quarter of 2018.

"Despite facing important challenges, our community continues to grow. More than 2.2 billion people now use Facebook every month and more than 1.4 billion people use it daily," Zuckerberg said in a statement.