Facebook Lost 36 Billion Dollar in only one day
In the Share Market, Facebook has lost 36 Billion Dollars in only one day, because FB price is dropping on Cambridge Analytica Allegation. This incident happened for users information leakage.
A company named Cambridge Analytica leaked about 50 million Facebook users information. The information was used for US election campaign for Donald Trump.
By spreading this news the share price of Facebook has been decreased about 173 dollar per share. Previously Facebook never faces like this problem.
Many technology companies have been affected too for this news.
Now Facebook has forced to suspend the Cambridge Analytica Company, and Mark Zuckerberg is trying to find a solution about it.
In the Share Market, Facebook has lost 36 Billion Dollars in only one day, because FB price is dropping on Cambridge Analytica Allegation. This incident happened for users information leakage.
A company named Cambridge Analytica leaked about 50 million Facebook users information. The information was used for US election campaign for Donald Trump.
By spreading this news the share price of Facebook has been decreased about 173 dollar per share. Previously Facebook never faces like this problem.
Many technology companies have been affected too for this news.
Now Facebook has forced to suspend the Cambridge Analytica Company, and Mark Zuckerberg is trying to find a solution about it.