Business Maverick: Mark Zuckerberg Sued Over Cambridge Analytica Data Breach

A “sweeping investigation” revealed that Zuckerberg contributed to lax oversight of user data and the creation of misleading privacy agreements that resulted in Cambridge Analytica and other third parties getting their hands on the personal information of 87 million Americans, D.C. Attorney General Karl Racine said in a statement on Monday.

Cambridge Analytica was hired by then-candidate Donald Trump during his 2016 campaign against Hillary Clinton. Racine called it “the largest consumer privacy scandal in the nation’s history.” The lawsuit mirrors an earlier suit Racine filed against Facebook in 2018, though the judge overseeing that case rejected the Democratic attorney general’s

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Business Maverick: Bitcoin recovers to $30,000 area after shedding weekend weaknessBitcoin recovered to around $30,000 after spending most of the weekend below that level. The largest cryptocurrency rose as much as 1.8% to $30,450 on Monday morning in Asia. That’s after it fell for seven straight weeks, the longest losing streak since August 2011, according to data compiled by Bloomberg. That echoed the seven-week decline in the S&P 500.
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