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Data misuse: 'Socially responsible' investors reassess Facebook ownership

Facebook's shares closed down nearly 7.0 per cent on Monday, wiping nearly $40 billion off its market value

Reuters 

With European and US lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company's operations. An increasingly vocal base of investors who put their money where their values are had already started to sour on Facebook, one of the market's tech darlings. Facebook's shares closed down nearly 7.0 per cent on Monday, wiping nearly $40 billion off its market value as investors worried that ...

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First Published: Tue, March 20 2018. 21:22 IST
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