Deleting Facebook's billions: stock sinks as outrage swells
NEW YORK (AP) — Mark Zuckerberg might want to delete the last ten days from his timeline and everyone else's. In a little more than a week, Facebook has turned from one of the market's darlings to a stock investors are running from.
Facebook has dropped 13.5 percent after allegations a political consulting firm working for the Trump campaign got data inappropriately from millions of Facebook users. On Monday the Federal Trade Commission said it's investigating the social media giant's privacy practices and legislators in the U.S. and the U.K. have demanded answers and called for inquiries. Facebook stock tumbled as much as 6.5 percent Monday, but finished with a small gain as the broader market surged.