Facebook has historic stock drop in wake of scandal
The social platform announced that its growth rates will continue to ebb, sending its market value plummeting in the biggest one-day loss ever for a U.S. company.
Even social media behemoth Facebook isn’t impervious to a PR crisis.
The platform’s executives have been struggling to regain trust and repair its reputation in the wake of its Cambridge Analytica scandal. On Wednesday, it was dealt a huge blow that cost the company $119 billion—and its co-founder and chief executive, Mark Zuckerberg, $17 billion.
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