Facebook's market capitalization decreased by $ 58 billion in one week after the disclosure of the use of data for customers to determine campaign strategy in the US presidential election.
Facebook's founder and CEO Mark Zuckerberg apologized for the use of President Donald Trump with personal information of five million subscribers.
However, his apology plea did not prevent investors from selling Facebook shares, according to a BBC report.
Many people worried about the fact that the online social networking system will suffer losses in this incident.
On Monday, the share price of Facebook was 176.88 dollars, the price of the stock fell to 159.30 dollars on Friday night.
Fund Value for Facebook for $ 38, leaving the IPO in 2012, the company's market value is close to $ 104 billion
Then there was a steady increase in subscriber growth and digital advertising market, due to revenue revenues, Facebook shares continued to increase, which stood at $ 190 in February.
In the history of Facebook this week is termed as a 'disaster chapter', senior analyst of Harrogates Lansdowne, United Kingdom's financial analyst, Leith Khalaf, said.
He told the BBC, "One of the main reasons for Facebook's success was that Facebook users grew more slowly. It has become essential to the customers.
"Unfortunately for Facebook, if this happens to a significant number of customers due to this scam, then the reason behind its rise will be the opposite."
Cambridge University, a London-based political consultant, worked as a consultant in the campaign for Donald Trump in the US presidential election in 2016. Recently British television channel Four came up with an investigation report that they used the personal information of five million Facebook subscribers to provide trump propaganda.
Following the disclosure of this information, a UK parliament investigation committee summoned Zakirbagh to explain the matter. His explanation was sought in the United States.
In a discussion on the issue around the world, Zuckerberg said in a Facebook post Wednesday, "We've also made a mistake. We had to do something about this. "
Source: bdnews24.com
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