Facebook is sliding after Mark Zuckerberg and Sheryl Sandberg respond to the New York Times exposé (FB)
|11/16/2018||Posted by BusinessMediaguide.Com under General World News||
- The New York Times Wednesday published a 6,000-word exposé saying Facebook leadership is “delay, deny and deflect” when dealing with crises, such as Russian interference during the 2016 presidential election.
- Facebook executives responded to the investigation late Thursday, admitting they are too slow but never intended to hide what they knew.
- Shares tanked in March in wake of the Cambridge Analytica data scandal, recovered later, but plunged again after disappointing second-quarter earnings in July.
- Watch Facebook trade live.