Facebook's share price down $30 billion in first two hours trading today.

[dixiegrrrrl]

I am wondering how many people have left Facebook over this data spying.


Christopher Wylie reports Facebook has banned him. awwwww...
‏

[Anon-C]

1. Bye Felicia!

BYE!

[CelticWinter]

2. deleted mine

and I don't care if FB goes broke.....
Celtic

[LovingA2andMI]

3. Good...

Let Facebook become a PENNY STOCK by the end of this week. They deserve this and much more.

[The River]

4. Call It What It Is

It's the "Give All Your Info to Big Brother Farce Book".
I tried it once about 2 years ago.

[dixiegrrrrl]

12. Same here...family insisted, they have accounts as do some friends.

not a good experience for me, so I stopped visiting the site.

[TheDebbieDee]

5. Don't u mean FB is down $3bil and not $30bil?

[Lithos]

6. Market Cap is 500B

Shares are down over 6%

0.06*$500B = $30B

L-

[onenote]

7. "share price" is an odd way of characterizing market cap.

It's share price is down less than 4 points, from 176.46 on Friday to around 173 currently.

Given that FB's share price was under 140 a year ago, I don't think investors are jumping out of windows.

[BumRushDaShow]

8. WaPo just threw this breaking news item out

Stocks tumble in afternoon trading, dragged down by shares of Facebook and technology giants

The Dow Jones industrial average has dropped 1.7 percent and the tech-heavy Nasdaq plummeted 2.5 percent in afternoon trading.

Facebook saw its stock fall about 7 percent. The social media giant came under heavy fire from lawmakers in the United States and Britain over the weekend after news reports raised questions about whether it allowed third-party developers to access the data of users without their permission – a potential violation of its privacy agreement with the U.S. government.

This is a developing story. It will be updated.

https://www.washingtonpost.com/news/business/wp/2018/03/19/stocks-tumble-in-afternoon-trading-dragged-down-by-shares-of-facebook-and-technology-giants/?utm_term=.bc5b2af1c074

IIRC, the futures were down pretty steeply this morning so this was not unexpected and could obviously recover by the end of the day but we shall see!

[Johnny2X2X]

9. American people are waking up to FB's abuses

The average user has no idea how complete of a psychological profile Facebook has on them and who they sell it to and how it is then used.

[MelissaB]

10. Bam!

They are taking a beating that they deserve.

[snort]

11. Fuck Facebook

and the asshole it rode in on.