Facebook's share price has declined more than 10 percent in the first two trading days since The New York Times reported Saturday that Cambridge Analytica had harvested information from 50 million Facebook accounts without users' permission and then misused it for political ads during the 2016 United States presidential election.
Nix advises the undercover reporter that "I'm just giving you examples of what can be done, what has been done". They "are very handsome, I find that works very well", he says.
According to a New York Times report, Facebook's Chief Security Officer (CSO), Alex Stamos, will be leaving the company in August over a dispute on how to deal with the rise of nation-state disinformation on the platform.
On Monday, Channel 4 broadcast the hidden-camera exclusive that appeared to catch Nix acknowledging that the firm works secretly in political campaigns around the world by using front companies and subcontractors.
There's even a swell of search interest in "how to delete your Facebook account", although experts doubt Facebook will actually lose many users as a result.
Senate Intelligence Chairman Richard Burr said it was "too early" to know yet whether his committee needed to speak to Cambridge Analytica as part of its investigation into Russian meddling and social media.
Christopher Wylie told the newspaper that Cambridge Analytica collected data on USA voters to direct personalized advertising to sway their political choices.
When Facebook found out, it demanded Cambridge Analytica and Kogan destroy the data.
In a statement, the company's board said Nix's secretly recorded comments "do not represent the values or operations of the firm and his suspension reflects the seriousness with which we view this violation". "We ran all the digital campaign, the television campaign, and our data informed all the strategy".
He also said he could "send some girls around to the candidate's house." adding that Ukrainian girls "are very lovely, I find that works very well". Cambridge Analytica agreed to give the auditor complete access to its servers and systems, Facebook said.
In addition to Nix, other senior Cambridge Analytica executives, including Mark Turnbull, the firm's managing director, attended the meetings.
Chief Executive of Cambridge Analytica (CA) Alexander Nix, .
Calacanis has been a vocal critic of Facebook, criticising the company on CNBC for its "complete and utter failure of leadership" amid the privacy scandal, though admitting people loved the product, including Instagram, and that both networks are ingrained in people's lives. Facebook shares fell 3% Tuesday, and the company's slump has spread to the broader market - dragging down tech and social media companies.
On Tuesday, a dozen consumer-advocacy organizations pressed the Federal Trade Commission in the U.S.to investigate whether the release of data violated an agreement Facebook signed with the FTC in 2011 offering privacy assurances. Dr. Kogan had created a Facebook personality quiz that harvested the data from users who authorized its app, as well as millions of their friends.
Zuckerberg may be working around the clock, but he is expected to address employees on Friday during the company's regular Q&A session for employees, The Verge has learned.
He said: "There's no evidence, there's no paper trail, there's nothing".