Author Topic: Facebook stock plummeting  (Read 522 times)

Offline Fujitsu

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Facebook stock plummeting
« on: March 22, 2018, 10:46:36 am »
Thanks to Facebook's privacy crisis, shareholders have been dumping stock and so far in just 2 days Facebook has seen a $60 billion dollar drop in their value. To put that drop in perspective, Tesla is worth $52 billion.

Bloomberg has the details.

   Facebook Inc.’s privacy crisis has turned into a shareholder crisis.   The social media giant has lost over $60 billion in market value over the past two days, following revelations that personal data of millions of users was obtained by a data analytics firm. That’s more than the market capitalization of Tesla Inc. at around $52 billion or three times that of Snapchat owner Snap Inc. at about $19 billion.

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