Facebook has lost $100 billion in 10 days — and now advertisers are pulling out
Shares plunge again Monday as U.S. consumer protection regulator reveals probe
By News on the Net -- Financial Post—— Bio and Archives--March 26, 2018
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Shares of Facebook Inc fell more than 5 per cent on Monday after the U.S. consumer protection regulator made public its investigation of how the social network allowed data of 50 million users to get into the hands of political consultancy Cambridge Analytica.
Scrutiny by the U.S. Federal Trade Commission, which generally confirms the existence of an investigation only in cases of significant public interest, adds to pressure by lawmakers in the United States and Europe for Facebook Chief Executive Mark Zuckerberg to explain how his company handles user data. -- More....
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