clear logo

News

Share this page:

Accomplishments Breaking News VOTE 2018 Blog
About
Accomplishments News Vote Blog About Contact

No sign of relief for Facebook shares after Zuckerberg apology

Issued: 2018-03-22

Shares of Facebook Inc fell 3 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg did little to quell Wall Street nerves about how much a row over user data privacy will cost the company.

Zuckerberg on Wednesday promised tougher steps to restrict developers’ access to user information, his first response to allegations that London-based political consultancy Cambridge Analytica improperly accessed data to build profiles on American voters and influence the 2016 presidential election.

Analysts from several brokerages expressed relief that there were no signs in Zuckerberg’s status update on the row or in subsequent interviews of a more fundamental shift in the company’s advertising-driven revenue model.

Facebook shares, however, have fallen for two of the last three days, knocking nearly $46 billion off its market value, and some analysts said it was clear the company would have to carry extra costs to shore up its reputation in the months ahead.

Read more

Get the latest breaking news & specials from Alex Jones and the Infowars crew.

Read More...

Share this page:



X

Ways to support MAGA PILL:

We want to expand our influence but we can't do that without your help.

Get the Cash App on your phone and you can easily send and receive crypto currency:

(BTC) Bitcoin: 1fTtk6P84ZjfNgJoBoQ7rfrRi5zVpLaNN

(BTH) Bitcoin Cash: 1FLJqdiSD4UzQseuFSiqiooANbYjVKKXy7

(ETH) Ethereum: 0x16cffBf15D21a597179790F54ffCB4d384c90Db8

(LTC) Litecoin: LKhkYiQwo5GdKw53FwSXSfoN1DftJT74tF

I understand most people can't or won't donate and that's okay.

You can also support us is by using this Amazon link anytime you shop there, just Bookmark it and remember to use it!

Most imporantly, please share the site and the articles!

X

Connect with MAGA PILL:

You can also support us is by using this Amazon link anytime you shop there, just Bookmark it and remember to use it!

Most imporantly, please share the site and the articles!