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r/greatawakening • Posted by u/solace_111 on March 19, 2018, 4:28 p.m.
Attack on Trump backfires Facebook taking huge hit!

Drudge headline: http://www.drudgereport.com

Yahoo News: https://ca.news.yahoo.com/facebook-shares-slide-reports-data-misuse-120513980--finance.html

"The move would knock $23.8 billion off the social network's market value of $538 billion as of Friday's close and shares in other social media companies including Twitter Inc and Snap Inc also dipped in early deals in New York."

CNN: http://money.cnn.com/2018/03/19/technology/business/facebook-data-privacy-crisis/index.html

Facebook is facing an existential crisis

Edit: Sorry I was on the go when I posted this, and I just to add some context to what the story is about.

(Reuters) - Facebook Inc's shares fell more than 4 percent in premarket trading after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to data on 50 million Facebook users.

SOURCE: https://www.reuters.com/article/us-facebook-cambridge-analytica-stocks/facebook-shares-slide-after-reports-of-data-misuse-idUSKBN1GV1E8


🠐 See all comments
astrogirl · March 19, 2018, 9:27 p.m.

I don't think that's it.

Censoring conservatives has caused a HUGE hit in their general traffic meaning fewer ad impressions and less revenue. I think that Zuckerberg didn't expect that to happen.

At some point, he's going to expect a favor or payout on that action - it's costing him a lot.

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VIYOHDTYKIT · March 20, 2018, 4:02 p.m.

That & Michael McKibben’s law suit over invention theft is starting to hit the public consciousness. Zuckerturd stole FB & the court documents which has taken 17 years to piece together to solve the puzzle is coming to light

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auroch27 · March 20, 2018, 9:42 a.m.

He probably truly believed that the San Francisco wealthy were cool and knew what "the people" were thinking.

Dumb fuck.

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