Facebook suffered its biggest drop in over three years after losing nearly $40 billion in market value in a day following reports of Cambridge Analytica’s data scandal. The social media giant, whose shares plunged nearly 7%, now has a market cap of around $501 billion. Further, Facebook CEO Mark Zuckerberg’s net worth dropped by $6.06 billion in one day.
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01:05 pm on 20 Mar
Source: Inshorts
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