• Facebook, Twitter, Snap: Social media stocks are in a free fall today

    3 monthes ago - By Fast Company

    Today is a bad day if you're a popular social media platform. The fallout from revelations about the misuse of Facebook user data by Cambridge Analytica continues, and now government agencies are reportedly investigating Mark Zuckerberg's enormously powerful platform. But Facebook isn't the only one being impacted-nearly every publicly traded social media company is seeing a...
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  • Facebook has lost $60 billion in value

    Facebook has lost $60 billion in value

    3 monthes ago - By Tech Crunch

    Facebook is having a bad day... for the second day in a row. Following the Cambridge Analytica debacle , Facebook shares are currently trading at $164.07, down 4.9 percent compared to yesterday's closing price of $172.56.
    More importantly, if you look at Monday and Tuesday combined, Facebook shares are down 11.4 percent compared to Friday's closing price of $185.09. In other words, Facebook was worth $537.69 billion on Friday evening when it comes to market capitalization. And Facebook is now worth $476.83 billion.
    That's how you lose $60 billion in market cap.
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  • CREDIT SUISSE: Facebook's risks are already priced in

    CREDIT SUISSE: Facebook's risks are already priced in

    3 monthes ago - By Business Insider

    A Credit Suisse analyst believes the data breach debacle that sent Facebook down Monday is already baked into the stock.
    The analyst said Facebook has already taken steps to remedy privacy concerns.
    He maintained his price target of $240 per share.
    Watch Facebook's stock move in real time here.
    Facebook shares have gotten whacked, down more than 11% since news broke over the weekend that Cambridge Analytica accessed data from 50 million Facebook users without their permission.
    And that's just the start of Facebook's problems. The company has been lambasted by public officials and others...
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  • CREDIT SUISSE: Facebook's risks are already priced in

    CREDIT SUISSE: Facebook's risks are already priced in

    3 monthes ago - By Business Insider

    A Credit Suisse analyst believes the data breach debacle that sent Facebook down Monday is already baked into the stock.
    The analyst said Facebook has already taken steps to remedy privacy concerns.
    He maintained his price target of $240 per share.
    Watch Facebook's stock move in real time here.
    Facebook shares have gotten whacked, down more than 11% since news broke over the weekend that Cambridge Analytica accessed data from 50 million Facebook users without their permission.
    And that's just the start of Facebook's problems. The company has been lambasted by public officials and others...
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  • Buy Facebook In The Wake Of Irrational Pessimism

    3 monthes ago - By Forbes

    Facebook is down almost 9% since the news broke that Cambridge Analytica misused data on up to 50 million Facebook users. What we are seeing in Facebook's stock is the opposite of irrational exuberance. For rational investors with a reasonable investment horizon, this is a good time to buy.
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  • Obama Campaign's “Targeted Share” App Also Used Facebook Data From Millions Of Unknowing Users

    3 monthes ago - By Fast Company

    The friend list data acquired by Trump contractor Cambridge Analytica was available to any developer up until April 2015.
    Facebook is in hot water following this weekend's bombshell report describing how Trump campaign data contractor Cambridge Analytica got access to personal data on more than 50 million of the social network's users. But Cambridge Analytica and the Trump campaign were not the first to seek and use such data for political purposes, though they certainly seem to have been more sneaky about it.
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  • FTC opens investigation into Facebook after Cambridge Analytica scrapes millions of users' personal information

    3 monthes ago - By Washington Post


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  • Mark Zuckerberg has been summoned to explain the Cambridge Analytica scandal to Parliament - more proof this is now a personal crisis

    Mark Zuckerberg has been summoned to explain the Cambridge Analytica scandal to Parliament - more proof this is now a personal crisis

    3 monthes ago - By Business Insider

    British parliamentarians have asked Mark Zuckerberg to give them evidence in person on the Cambridge Analytica scandal.
    His usual tactic when pressed by MPs is to distance himself and send representatives instead.
    With Facebook stock tumbling and regulators circling, Zuckerberg is in a vulnerable position.
    Refusing to appear could be another sign of weakness in an increasingly personal crisis.
    Mark Zuckerberg has been summoned to appear before British lawmakers to explain Facebook's role in the Cambridge Analytica scandal - another sign the crisis is becoming personal.
    The founder and CEO...
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  • A developer built a Facebook app as a 'thought experiment' to see how much access people would give up - and it got 2 million users

    A developer built a Facebook app as a 'thought experiment' to see how much access people would give up - and it got 2 million users

    3 monthes ago - By Business Insider

    Facebook is in trouble over the way political research firm Cambridge Analytica allegedly harvested 50 million user profiles illegitimately.
    The issue dates back to when Facebook allowed almost unfettered access to user information when it opened up its platform to third-party developers.
    One developer foresaw the implications of this ability to harvest data back in 2008 and built an app to see how easily people would give access to their Facebook profiles.
    Facebook has tightened up its privacy policies but users are still angry the company didn't police use of its data more...
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  • Report: The FTC is investigating Facebook-stock drops again

    3 monthes ago - By Fast Company

    The U.S. Federal Trade Commission is looking into Facebook's recent data-privacy scandal, according to a source cited by Bloomberg. Following reports this weekend that the firm Cambridge Analytica harvested the data of millions of Facebook users without their knowledge, the FTC is now investigating whether Facebook violated a 2011 settlement in which it agreed to...
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  • Analysts described 3 main risks to Facebook from the Cambridge Analytica scandal

    3 monthes ago - By Chron

    Facebook
    Analysts at Macquarie Research warned that there are three main risks to Facebook's stock from the Cambridge Analytica scandal: Legal and political risk, people starting to distrust social media, and radical action from Facebook.
    The analysts said that "headlines matter" for Facebook's stock.
    Facebook CEO Mark Zuckerberg has so far been silent about the ongoing issue.
    In a note published on Monday, Macquarie Research said that "headlines matter" for Facebook in the ongoing coverage of Cambridge Analytica's alleged use of Facebook data in political targeting and profiling.
    "In this...
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