5 years ago
Facebook plummets following burst of bad news
Facebook tumbled 7.3 percent Wednesday following a spate of bad news, including revelations that it shared more user data than previously thought and a lawsuit from the Washington, D.C., attorney general. The drop is the second-steepest this year for Facebook, following a 19 percent drop on July 26 after an earnings report warning of slowing sales. Before Wednesday's Federal Reserve meeting, Facebook had been the only major tech stock in the negative. By the end of the day, it suffered the worst fall among its peers as the Nasdaq Composite Index closed down 2.17 percent.
Continue Reading
https://www.cnbc.com
Join the Discussion