LET IT BURN: Facebook has lost $100 billion in 10 days — and now advertisers are pulling out

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.

Facebook shares briefly dipped below US$150 on Monday for the first time since July 2017, before recouping some losses. They were down 3.1 per cent at US$154.37 in afternoon trading.

At the day’s session low the company had lost $100 billion in market value since March 17, when newspapers first reported that Facebook member data was improperly used by consultants Cambridge Analytica to target U.S. and British voters in close-run elections.

Here’s what the chart looks like since March 19th.

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5 Replies to “LET IT BURN: Facebook has lost $100 billion in 10 days — and now advertisers are pulling out

  1. excellent, just excellent…hope facebook dies…..a horrible death….run by a horrible person…..die you piece of sh*t….just die….period

  2. Marked stupidberg you stupidberg along with your spy tell all to law enforcement and monitoring people every move can burn in hell! How does it feel stupidberg not being on top of the world! Masses finally waking up to your game marked stupidberg.

  3. Marked stupidberg your nothing but a human portable squatty potty at it’s best! One trick pony that sucks and chews on the masses of human shit and than dumps into the laps of impotent incompetent law enforcement agencies and corporation’s selling the American people out behind their backs and than putting a shitty smile saying who me? Yeah you! You piece of shit! Marked stupidberg your nothing but a whore sell out evil demonic subhuman human shit eater! Wake up people delete this demonic whoremonger for good!

  4. “Facebook has lost $100 billion in 10 days — and now advertisers are pulling out”?

    I really hope it’s true. I hope (((Zucker-berg))) winds up HOMELESS. Of course, THAT will never happen.

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