Facebook Shares Sink More Than 6% on Privacy Issues

6 months ago admin Comments Off on Facebook Shares Sink More Than 6% on Privacy Issues
Facebook shares fell more than 6 percent in morning trading as the social media company faced criticism following reports that a data mining company working for the Trump campaign improperly obtained and kept data on tens of millions of users during the 2016 election.

A former employee of Cambridge Analytica said Monday on NBC’s “Today” that the group identified voters who might be swayed and “injected content” that may or may not be true. Facebook said Friday that it had suspended Cambridge while it investigates.

Facebook shares sank $12.03 in morning trading, putting the stock on pace for its biggest one-day fall since August 2012 and dragging down the rest of the technology sector. Alphabet, Google’s parent company, lost almost 3 percent and Microsoft fell almost 2 percent.

Watch: Google Pixel 2 Review | Should You Buy it Now For Rs 42,000?

 

Also Watch
  • REEL Movie Awards 2018 Where Content Triumphs Cliches, Vote and Win a Smartphone
    REEL Movie Awards 2018 Where Content Triumphs Cliches, Vote and Win a Smartphone
  • Putin Tightens Grip Over Russia With Landslide Win
    Monday 19 March , 2018
    Putin Tightens Grip Over Russia With Landslide Win
  • When Aditya Chopra Called Ranveer Singh 'Fugly'
    Saturday 17 March , 2018
    When Aditya Chopra Called Ranveer Singh ‘Fugly’
  • Watch: Kangana Ranaut's Candid Confession at News18 Rising India Summit
    Saturday 17 March , 2018
    Watch: Kangana Ranaut’s Candid Confession at News18 Rising India Summit
  • India's First Female Bagpiper Teaches You How To Learn In Isolation
    Thursday 15 March , 2018
    India’s First Female Bagpiper Teaches You How To Learn In Isolation

[afsp_imgs kwd=”technics” num=”1″ wd=”640″ hg=”360″]

[afsp_tube kwd=”technics” num=”1″ wd=”640″ hg=”360″]