Mark Zuckerberg looses $billions as Facebook shares fall
Facebook lost shares as the social media giant faced criticism attack on Monday at both local and international area over revelations that a firm working for Donald Trump’s presidential campaign harvested and misused data on 50 million members. On Wall Street, Facebook shares slided 6.8 percent in the middle of pressure for new regulations that could hurt its business model. The share plunge erased $5billion from the net worth of Facebook founder, Mark Zuckerberg as calls for investigations came on both sides of the Atlantic after Facebook responded to the explosive reports of misuse of its data by suspending the account of Cambridge Analytical, a British firm hired by Trump’s 2016 campaign. Democratic Senator Amy Klobuchar and Republican John Kennedy called on Mark Zuckerberg to appear before Congress, along with the CEOs of Google and Twitter. The two lawmakers said the companies have gathered unprecedented amounts of personal data and lack oversight, raises concerns abou...
