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Facebook loses $100 billion in 10 days amid data scandal
short by Nihal Thondepu / on Monday, 26 March, 2018
The market capitalisation of Facebook fell more than $100 billion over the last 10 days after the data scandal involving Cambridge Analytica was exposed. Facebook shares fell over 5% on Monday after the US Federal Trade Commission announced that it is probing how data of 50 million Facebook users was exploited to influence the US presidential elections.
read more at Reuters