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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.
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Austria finds itself embroiled in a burgeoning espionage scandal with connections to Bulgaria, as suspicions of Russian espionage within the Federal Office for Internal Security continue to mount
Renowned Bulgarian singer Zhana Bergendorff, aged 38, found herself in legal trouble yet again after a recent incident in Sofia
The Facebook and Instagram applications are currently experiencing a widespread outage globally, as reported around 5:30 p.m. Bulgarian time
Tensions flared in Bulgaria's parliament today as the Bulgarian Socialist Party (BSP) raised concerns over the return of migrants with criminal records from Germany, sparking a heated debate in the plenary hall
Amid growing concerns over the spread of misinformation and the misuse of artificial intelligence, Meta, the parent company of Facebook, announces plans to establish a dedicated team to address these issues ahead of the upcoming European Parliament electi
French President Emmanuel Macron expressed his gratitude in Bulgarian language on Facebook to Prime Minister Nikolay Denkov for his visit to the Elysee Palace in Paris yesterday
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
