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BCCHardware.com => General Mayhem => Topic started by: Fujitsu on March 22, 2018, 10:46:36 AM

Title: Facebook stock plummeting
Post by: Fujitsu 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. (https://www.bloomberg.com/news/articles/2018-03-20/facebook-sees-tesla-sized-chunk-vanish-from-market-cap-in-2-days)

   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.

Click here to read this article! (http://bcchardware.com/index.php?option=com_content&view=article&id=17934:facebook-stock-plummeting-&catid=67:other-news&Itemid=159)