Sources say that consumer trust has dropped and people are considering leaving the social network. A recent poll showed that fewer than half of Americans trust Facebook to obey U.S. privacy laws. Recently Whats App co-founder Brian Acton publicly said “It is time. #deletefacebook.”

Cambridge Analytica allegedly used information from Facebook users to create personalized political advertisements. Apparently, Facebook was aware of the data breach but did little to secure the information of their users. What’s more, Cambridge Analytica is owned by billionaire Robert Mercer and overseen by former Trump strategist Steve Bannon.

Source: business.financialpost.com