Facebook is now being investigated in Australia, over the fact that Cambridge Analytica was able to scrape data from nearly 300,000 users in the country. Australia's Information Commissioner, Angelene Falk announced in a blog post, that she has opened a formal investigation following the Facebook/Cambridge Analytica breach. According to Falk, this investigation will see whether Facebook violated the Privacy Act of 1988 in the country. Falk also mentioned that since this is a global thing, the OAIC will also work with regulatory authorities internationally.
Last month, it was announced that Cambridge Analytica was able to scrape the data of millions of Facebook users, which it used to help the Trump Campaign get Donald Trump elected. However, this was not the first time that Cambridge Analytica scraped data to help get someone elected. It's something that the firm has been doing in various countries for a few years now. The issue here isn't that it scraped data, as that is easy to do since this is all public data, but the fact that it violated Facebook's terms of service, and did it without the permission of users. Which is what has turned this into an international issue. Since the news broke a few weeks ago, Facebook's stock has taken a huge hit, losing nearly $100 billion in its market cap, and it's still dropping.
Facebook is now being investigated in Australia and the UK, with Facebook's founder and CEO, Mark Zuckerberg, due to testify in front of the US Congress next week in Washington DC. Facebook's troubles are far from being over, when it comes to the Cambridge Analytica breach, and it'll likely end with the government getting involved and beginning to regulate how Facebook and other social media sites are run and how it handles data. Since this is still a pretty new thing, for social media companies to have all of this data collected about each user, regulation is going to take some time, and may not be what everyone wants at first.