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Facebook, There And Back Again

Two months ago, on March 17th, the news broke that a company called Cambridge Analytica was using Facebook to compile user data to target American voters.  The scandal, led to a multitude of events, from Facebook testifying in congress, to them changing their privacy policy (only slightly). On Wall Street, these news stories led to a 16% decrease in Facebook share prices, from $185,09, to $152,22 ten days later. However, now that the daily news stories on Facebook and Cambridge Analytica have passed, share prices have gone up again and closed at $186,99 on May 11. It shows how reactionary stock markets are. (source)

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