Facebook stock is down 4% thanks to an enormous data breach (FB)
|03/19/2018||Posted by BusinessMediaguide.Com under General World News||
- Facebook’s stock is tanking in pre-market trading.
- News broke over the weekend that Cambridge Analytica, a controversial political research company with links to Donald Trump, had accessed 50 million Facebook user profiles illegitimately.
- Facebook suspended Cambridge Analytica from its platform, but is under huge political pressure to explain how it can stop third parties from abusing its massive data trove.
Facebook’s share price has dropped 4.05% in pre-market trading, likely thanks to the news that political research firm Cambridge Analytica used its site to harvest 50 million user profiles illegitimately.
According to Markets Insider, Facebook’s share price stands at $177.60 in pre-market trading, down read more >>>