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Facebook Share Price Drop After Cambridge Analytica

Then going into the presidential election Trumps team invested heavily in Facebook ads linked to Cambridge Analytica. From the drop in Facebooks share price to the spike in people researching internet privacy the Cambridge Analytica scandal demonstrates the extent to which bad practice can damage consumer trust.

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Facebooks share price has nose-dived since the Cambridge Analytica scandal broke with some 45bn wiped off the stocks value in total this week.

Facebook share price drop after cambridge analytica. According to Larson and Vieregger 2019 the CA scandal negatively impacted FBs share price in the short term. Facebook Stock Is Down After Cambridge Analytica Data Scandal Facebooks value drops 30 billion after an enormous data scandal involving 50 million Facebook accounts Shona Ghosh Mar 19 2018 747. And a year on I would not be surprised if the rest of March takes Facebook stock to that level again especially if.

Facebook shares dropped 178 percent. Share prices plummeted 95 in one month up until mid-January. Eight weeks after the Cambridge Analytica scandal Facebooks stock price bounces back to where it was before the controversy Prachi Bhardwaj 2018-05-11T212947Z.

Facebook suspends data firm that harvested 50M profiles Facebook shares fell as much as 8 percent on Monday after reports that Cambridge Analytica mined the data of over 50 million users of the. Facebook recovers all its losses from Cambridge Analytica scandal By Ken Hanly Published May 10 2018 On Thursday Facebook shares hit an intraday high of 18599 just above their closing price of. March 19 2018 1049 AM PDT Facebook has lost 35 billion in market value following reports that Cambridge Analytica a data firm that worked with President Donald Trump in the 2016 elections had.

Facebook shares fell more than 24 percent to a low set on March 26 losing roughly 134 billion in market value in the process. Facebooks share price has declined more than 10 percent in the first two trading days since The New York Times reported Saturday that Cambridge Analytica had harvested information from 50 million. Then going into the presidential election Trumps team invested heavily in.

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Facebook Shares Drop 24 Over Growth Fears 907 am July 26 2018 By Roland Hutchinson Facebook it not exactly having the best year we have had the privacy concerns after the Cambridge Analytica. Indeed the drop Thursday morning was sharper than the multi-day stock slide in March following revelations of data misappropriation by Cambridge and others. Share prices plummeted 95 in one month up until mid-January.

Shares of Facebook closed at 17256 marking a 42 billion loss in market value. Mark Zuckerbergs net worth has plunged about 5 billion after Facebook shares slumped following the Cambridge Analytica scandal in which data of 50 million users was reportedly misused. Facebooks stock closed at 16815 on Tuesday a drop of 25 since the morning as the company continued to suffer on Wall Street as a result of the scandal involving the data firm Cambridge.

The collapse of Facebooks share price is the biggest ever one-day drop in a companys market value. Shares fell to 176 valuing the company at 510bn a drop of 119bn from a record high of. Facebooks stock price was down by more than 7 March 19 following a weekend of backlash against the company after it was revealed that Trump campaign consultant Cambridge Analytica harvested the.

How the Facebook-Cambridge Analytica data scandal unfolded In October 2018 the UKs data protection watchdog fined Facebook 500000 for its role in the Cambridge Analytica scandal. Never mind says Wall Street. Facebooks stock opened the day at 18509 before plummeting to as low as 17072.

The decision came as pressure mounted on Facebook following the. As shown in Figure 2 the share price level before the incident accounted for about 185 in March 2018 and dropped to approximately 150 on March 27 2018. FB stock saw 14902 on March 26 2018 after the Cambridge Analytica scandal.

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Facebooks share price reacted to the ongoing scandal involving data firm Cambridge Analytica by dropping by 2 percent on Wednesday – this equates to nearly 50billion of market capitalisation of. Facebook shares fell almost 5 percent on March 27 when reports broke that Zuckerberg had decided to testify before Congress.

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