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Facebook Loses $50 Billion in Market Cap on Data Fears

May 15, 2023
in Trade Tube
Reading Time: 1 min read
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Facebook shares lost some $50 in market value from Monday to Tuesday amid data security concerns.

CEO Mark Zuckerberg has yet to come out and publicly address these fears.

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Last Friday, Facebook’s market cap stood at $542 billion, compared to roughly $494 billion early Wednesday. That’s a $50 billion decline, which is more than the entire market caps of Snap, Twitter, Ford and Delta Air Lines.

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