Aren’t you glad you sold your Facebook stock? Facebook stock plummeted over $11 to $174 a share amid news that a British analytics firm linked to former President Trump advisor David Bannon took data from 50 million Facebook users to target individuals online.
Bannon reportedly used the data to target individuals with election tools prior to the 2016 election.
Facebook banned Cambridge Analytics after whistleblower Christopher Wylie revealed the data breach to The Observer and the New York Times.
Facebook’s share price plummeted in early trading on Monday, hours before UK’s Channel 4 is expected to air the results of its investigation into the company.
Facebook lost millions of users after the social media network changed its algorithms to decrease traffic to right wing and conservative blogs and websites.
The social media platform was heavily criticized after sending out a survey asking users if pedophiles should share pictures of children on the network.
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