TagCambridge Analytica

Facebook Stock Soars Despite Privacy Issues: Why Won't Investors Take Their Heads out of the Sand?

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Facebook users are either very naive or just not easily phased. They helped the social media giant set revenue records during the last quarter when it was plagued by data breaches and privacy concerns. Not only did the seemingly-embattled media behemoth report record earnings, but it also reported a significant increase in user growth. Facebook Stock Shrugs off Privacy Concerns Users were...

Deep Space, Adult Content, and Rallies: Last Week in Crypto

Make sure you check out the previous round-up here, now let’s go over what happened in crypto this last week.  We regret the delay with the weekend round-up but, as they say, better late than never. Price Watch: Bitcoin was up 15% for the second week in a row. The gains come after a slight gain 2 weeks ago. After going sideways at $8,400 early last week, the price rocketed to $9,400. Despite the...

Macau Regulator Warns Public of Gangster-Backed ICO Related to Cambridge Analytica

Cambridge Analytica's former employee, Brittany Kaiser, has revealed that the British data analytics firm was also working with data mining company Macau Dragon Group. The latter is also known as Dragon Corporation and is backed by gangster Wan Kuok-koi "Broken Tooth"; he was previously the gang leader of ex-14K triad. The news of their involvement came last week, and in turn, financial officials...

Data Firm at Center of Facebook Controversy Planned $30 Million ICO: Report

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Cambridge Analytica, a British data analytics firm, was planning to raise as much as $30 million by issuing a new cryptocurrency through an ICO before it got swept up in a scandal surrounding the misuse of Facebook Inc. personal data, sources familiar with the matter told Reuters on Tuesday. Cambridge Analytica had approached a company that advises companies on how structuring ICOs, the sources...