Big internet companies and small software developers alike are likely to face scrutiny over how they share customer information in the wake of the scandal involving Facebook Inc and the British election consulting firm Cambridge Analytica.
Lawmakers in the United States and the EU have called for probes into how Facebook allowed Cambridge Analytica to access data on 50 million users and use it to help the election campaign of President Donald Trump. Facebook shares have fallen 8.5 percent this week as investors fear the incident will lead to new regulation.
The scrutiny and the risk of regulatory action could affect Alphabet