Facebook shares RISE four percent as Mark Zuckerberg reassures investors privacy scandal has not hit user figures or ad sales



Facebook shares headed towards their biggest daily rise in a month at opening on Thursday, after Mark Zuckerberg said the social network had not seen any meaningful impact on usage or ad sales in the wake of the data privacy scandal.
The company's shares have sunk 16 percent, wiping more than $80 billion from its market value, since March 16, when news about of the use of its data by political consultancy Cambridge Analytica was exposed by the Press.
But they rose 4 percent to $161.55 immediately after the bell on Thursday, putting the firm within touching distance of a 4.4 percent bounce... read more

 
5 April 2018 in Science &Technology, Views: 45
Source: Daily Mail
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