SBC News Voice of the Sports Betting Industry
Mark Zuckerberg faces his toughest period as CEO & Founder of technology and social media giant Facebook, following shocking revelations of public data breaches, by political ‘micro-targeting firm’ Cambridge Analytica.
This week, Facebook undertook an ‘apology tour’ purchasing full-page advertisements in several UK and US newspapers, with Zuckerberg publicly stating ‘We have a responsibility to protect your information, if we can’t, we don’t deserve it.’
The Cambridge Analytica Scandal is reported to have cost Facebook shareholders approximately $50 billion in market value (current cap: $490 billion), following a Wall Street sell-off.
Further woes for Facebook, see Zuckerberg pressured by UK, EU and US politicians to personally explain his company’s inaction at protecting its user data, having previously been warned of potential breaches and bad actors targeting Facebook’s social media platform.
Reacting to Facebook’s ‘week from hell’, Paddy Power has priced Zuckerberg to Stand Down as Facebook CEO in 2018 at 4/1.
Zuckerberg who for the first time faces calls to resign as Facebook’s leader has further been priced by Paddy Power at 1/10 to testify before Congress, Parliament or EU courts.
Updating the media, Spokesman Paddy Power said: “The heat is turned up on Zuckerberg following the Cambridge Analytica scandal.
“We’ve cut his odds of being unfriended from Facebook dramatically in the last couple of weeks. Uh oh, Zuckers.”
