
Amid rising speculations of social media giant Facebook`s involvement in the alleged misuse of users` private data, WhatsApp co-founder Brian Acton took to Twitter asking everyone to delete Facebook.
The rise of false news and the disclosure recently that scores of Facebook user profiles had been harvested by Cambridge Analytica, a voter-profiling company that worked on the United States President Donald Trump`s 2016 election campaign, are key issues which have emerged.
This has resulted in a significant plunge in the company`s shares over the last five days.
Meanwhile, Cambridge Analytica on Tuesday suspended its chief executive, Alexander Nix, amid a furore over the access it gained to private information on more than 50 million Facebook users.