Facebook Loses $50B Market Value, #DeleteFacebook Rages
Facebook’s total market has fallen more than $50 billion since Friday, the stock’s biggest two-day decline ever. Facebook’s stock fell 10% on Monday and Tuesday and was down another 2% in Wednesday morning trading. In addition to its stock market problems, #DeleteFacebook has been trending on Twitter.
All of this comes after it was revealed that the social network unwittingly shared data for as many as 50 million people with Cambridge Analytics, a firm that provided services to the Trump election campaign.
We traded a market square for the Internet, but all of the closed-mindedness and cynicism came with it.
Is it time to #deletefacebook? https://t.co/p0dpgxRYR6
— TechCrunch (@TechCrunch) March 19, 2018
And Jim Carrey has a special FUCK YOU to Zuckerberg who sold millions in his Facebook stock right before the Cambrige Analytica story was dropped by the Guardian⬇️ #DeleteFacebook https://t.co/63aWWRpUfF
— S.O.S. USA (@DeliaMacD1) March 19, 2018
If you don't pay for the product you ARE the product. Facebook sells all of your information to the highest and lowest bidders. Why sell yourself so cheaply? #deleteFacebook
— Donkey_OT (@Donkey_OT) March 17, 2018
PRO TIP: Consider this as a wakeup call to build a strong email list that you control. Our two favorite tools for doing that are Noisetrade and Fanbridge.
