Facebook reputation is in danger again. After information about the leakage of users’ data shares of the company fell by more than 7%. This was the largest drop in FB quotes over the past four years.
The interesting thing is that Cambridge Analytica reports 25 years of market experience but the company appeared in 2013 only.
According to the investigations of American publications Cambridge Analytica cooperated with Donald Trump’s headquarters during his campaign in 2016 in order to influence voters opinion. The US Federal Electoral Commission invited Mark Zuckerberg and other Facebook technical managers to testify.
Facebook has banned Cambridge Analytica in the network after these scandalous publications. The journalists state that Facebook was informed about the leak but ignored it.
Facebook has recently changed its advertising policy to show that the interests of ordinary users are most important for the company. For example no more ads on ICO and cryptocurrencies are allowed on Facebook.
Now Facebook shares are $170 worth.