Facebook’s Data Scandal May Create Problems For Amazon

The Facebook (FB) data harvesting scandal involving political consultancy Cambridge Analytica could create problems for Amazon (AMZN) and companies such as Alphabet’s (GOOGL) Google and Twitter (TWTR), which run data-hungry businesses. Calls for more regulation of Internet companies have intensified after it emerged that Cambridge Analytica obtained private information on more than 50 million Facebook subscribers and went on to use the information to develop a powerful software tool capable of influencing the way people vote in an election. Heavy regulations on how Internet companies gather and use data on their users could deal a blow to Facebook’s, Google’s, and Amazon’s advertising business.