In this file photo taken on November 20, 2017 A picture taken on November 20, 2017 shows logos of US online social media and social networking service Facebook. / AFP / LOIC VENANCE
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Facebook Inc.'s shares fell more than 4 percent in premarket trading after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to data on 50 million Facebook users.One Wall Street analyst said the reports raised 'systemic problems' with Facebook's business model and a number said it could spur far deeper regulatory scrutiny of the platform.The papers reported on Saturday that private information from more than 50 million Facebook users improperly ended up in the hands of data analytics firm Cambridge Analytica, and that the information had not been deleted despite Facebook demands dating back to 2015 .Shares of the company were down 4.4 percent at $177.90 by 09.13 a.m. ET.
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