Facebook has hired Britain’s former deputy prime minister as its global communications chief – that may help Facebook handle its scrutiny in Brussels

Facebook has hired the UK´s former deputy prime minister Nick Clegg to lead its global communications team – something that sent shockwaves through the British parliament.

Nick Clegg will take over from Elliot Schrage, who originally announced his departure in June, but now plans to stay at the company as an advisor.

As a former member of the European Parliament, Nick Clegg will be most useful in Brussels, where Facebook have received several fines and regulation by European Commissioner Margrethe Vestager.

Facebook’s push to reinforce its security comes less than a month after what the company calls the biggest security breach in its history. The social network originally suspected as many as 50 million user accounts were affected but now believes it compromised the personal information for 29 million users, including phone numbers, email addresses, and recent searches.

In another attempt to follow privacy regulations, Facebook is rumored to be looking for a cybersecurity company with chances of a possible acquisition.

Facebook’s stock has been under pressure since July 25, when the social-media giant posted quarterly revenues that fell short of Wall Street estimates and warned investors that top-line growth rates will decline by “high single digit” percentages in the coming quarters. Shares fell more than 20% immediately after the earnings report, and are 27% down from the high set on July 25.

 

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