CNBCのインスタグラム(cnbc) - 12月21日 09時35分

The costs of Facebook’s scandals are really adding up.

Facebook shares are down 38% from their peak in July and down 20% for the year. In more recent news, the Washington D.C. attorney general is suing the tech giant over the Cambridge Analytica scandal. If Facebook loses the lawsuit, it could face fines up to $1.7 billion. Facebook also admitted to allowing other big companies, including Netflix and Spotify, to read users’ private messages.

Then there are reputational issues: the top result for “Facebook” on Twitter is a NYT article on how to quit the platform. It’s safe to say 2018 has been a rough year for Facebook and CEO Mark Zuckerberg. Can the company turn things around in the New Year?
Read more about the ups and downs of Mark Zuckerberg’s net worth, at the link in bio. *
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#Facebook #socialmedia #social #media #fail #shares #stock #money #networth #stockmarket #tech #technology #lawsuit #scandal #cnbc

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