Facebook’s Value Plunges $58 Billion
Facebook founder, Mark Zuckerberg, recently apologized for data breaches that affected 50 million users and compromised untold amounts of personal information.
In the aftermath of the revelation, Facebook users began deleting their accounts and taking their outrage to social media. With millions of users feeling betrayed, stock investors began selling off their shares in the tech giant.
As #deletefacebook and #boycottfacebook trended on Twitter and Instagram, shares quickly fell by approximately $20 per share, plummeting Facebook’s value by over $58 billion.
Facebook has also been accused of pressuring people into viewing particular topics and actively attempting to sway political views.