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Nairaland Forum / Nairaland / General / Business / Facebook Shares Stumble, Mark Zuckerberg Loses $5b (383 Views)
Zuckerberg Loses N2tn In 5 Hours After Facebook's Temporary Crash / Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote / Mark Zuckerberg Loses 17. 6bn Plunge To World's Sixth Richest (2) (3) (4)
Facebook Shares Stumble, Mark Zuckerberg Loses $5b by olamariamjonez(m): 12:25am On Mar 21, 2018 |
Facebook shares plunged Monday as the social media giant faced an onslaught of criticism at home and abroad over revelations that a firm working for Donald Trump’s presidential campaign harvested and misused data on 50 million members. On Wall Street, Facebook shares skidded 6.8 percent amid concerns about pressure for new regulations that could hurt its business model. The share plunge erased $5billion from the net worth of Facebook founder, Mark Zuckerberg today. Calls for investigations came on both sides of the Atlantic after Facebook responded to the explosive reports of misuse of its data by suspending the account of Cambridge Analytica, a British firm hired by Trump’s 2016 campaign. Democratic Senator Amy Klobuchar and Republican John Kennedy called for Facebook chief Mark Zuckerberg to appear before Congress, along with the CEOs of Google and Twitter. The two lawmakers said the companies “have amassed unprecedented amounts of personal data” and that the lack of oversight “raises concerns about the integrity of American elections as well as privacy rights.” More: https://bah.com.ng/2018/03/20/facebook-shares-stumble-mark-zuckerberg-loses-5b/
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Re: Facebook Shares Stumble, Mark Zuckerberg Loses $5b by ameri9ja: 1:05am On Mar 21, 2018 |
My instinct: Facebook will eventually collapse, one way or another. 1 Like |
Re: Facebook Shares Stumble, Mark Zuckerberg Loses $5b by Wealthandjobs: 2:35am On Mar 21, 2018 |
ameri9ja:It has not gotten to the point you will be wishing that the sweat of someone crashes. It's the politicians doing their thing and they will always leave a gap for manipulation |
Re: Facebook Shares Stumble, Mark Zuckerberg Loses $5b by ameri9ja: 5:54am On Mar 21, 2018 |
Wealthandjobs: I'm not wishing anything. Just seems there's something wrong with Facebook. |
Re: Facebook Shares Stumble, Mark Zuckerberg Loses $5b by BlackDBagba: 8:11am On Mar 21, 2018 |
Harvested a huge amount of personal data ![]() |
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