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Social networking giant Facebook on Wednesday asserted that it is not aware of "any misuse" of user information including that of Indians, arising out of its agreements with device makers and that these partnerships were limited to creating Facebook-like experiences. Facebook's clarifications assume significance as the US social media company had received a notice from India's IT Ministry seeking an explanation on reports that Facebook had shared information of its users with mobile device makers. "We are not aware of any misuse of Facebook information including Indian users information," a Facebook spokesperson said in an emailed response. The spokesperson was responding to specific queries on whether the company has responded to the government's notice. "We appreciate the government of India for giving us an opportunity to respond to the New York Times article on our device-integrated APIs- software which we launched 10 years ago...

With European and US lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company's operations. An increasingly vocal base of investors who put their money where their values are had already started to sour on Facebook, one of the market's tech darlings. Facebook's shares closed down nearly 7.0 per cent on Monday, wiping nearly $40 billion off its market value as investors worried that potential legislation could damage the company's advertising business. Facebook Inc Chief Executive Mark Zuckerberg is facing calls from lawmakers to explain how the political consultancy gained improper access to data on 50 million Facebook users. Cambridge Analytica said it strongly denies the media claims and said it deleted all Facebook data it obtained from a third-party ap...