The company will be giving more control to the users by making data management easier and redesigning the settings menu.Facebook management also said it would propose in the coming weeks updates to the social media website’s terms of service and data policy to better spell out what information it collects and how it uses it.
The company has faced a global outcry after a whistleblower said that data from millions of users was improperly harvested by consultancy Cambridge Analytica to target US and British voters in close-run elections.Facebook shares are down nearly 18 percent since March 16, when it first acknowledged that user data had been improperly channelled to Cambridge Analytica, eating away nearly $100 billion of the company’s market value.
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