Facebook Loses Nearly $50 Billion In Value

World | March 21, 2018, Wednesday // 17:57| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Facebook Loses Nearly $50 Billion In Value twitter.com

The privacy scandal rocking Facebook has cost the social media company nearly billion in market value over the past two days.

Facebook shares tumbled 6.8 percent Monday and another 2.56 percent Tuesday after news of the Cambridge Analytica data breach. The Facebook stock price is currently at 8.15.

At the end of last week Facebook’s market value was 7.69 billion. At the end of Tuesday it was at 8.48 billion.

The two-day rout is the worst since July 2012. That is the year that Facebook went public at a share.

World » Be a reporter: Write and send your article
Tags: Facebook, Stock, scandal
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria