Facebook stock down 30% from July
Facebook has had a bad few months, what with John Oliver’s attack on Facebook’s scorched-earth international business practices and then the latest news about a massive hack revealing 14 million users’ data. Oh, and don’t forget all the governmental trouble Facebook has been in for its total lack of control over the “fake news” content used to manipulate US elections. But it is even worse than you think. Facebook hit an all-time high in July, but its stock is down more than 30% since then. That’s the lowest its been since the Cambridge Analytica scandal.
Full story at CNN.Posted by Josh Taylor