>> A new lawsuit accuses Facebook and political consulting group Cambridge Analytica of failing to protect and exploiting user's personal data. A Maryland woman is asking a federal judge to certify a class action suit against both companies. A legal action comes after reports Cambridge Analytica was able to improperly access 50 million Facebook users' data.
The company put that data to work for Donald Trumps 2016 presidential campaign. The report sent Facebook shares tumbling earlier this week, wiping out nearly $50 billion in market value. The stock recovered somewhat on Wednesday. But the threat of lawsuits could add to investor doubts the company can adequately control the problem.
Facebook and Cambridge Analytica did not immediately respond to requests for comment on the lawsuit. The filing seeks unspecified damages and possible punitive damages.