Facebook can’t seem to shake off one major blow before another comes along. The past few weeks have seen the social media giant shaken, rattled, and exposed for the way the company handles users’ data and conducts business. Now, with the market responding to that news with investors dumping stocks, both users and investors launching lawsuits, governments calling for regulation and hefty fines, and users abandoning the platform, Facebook may be in very real danger of going the way of the dodo.
In the wake of revelations that Facebook data was breached and used to manipulate voters in the 2016 U.S. presidential election, the market turned against the company, with shareholders dumping stocks. The result of that sell-off is that the company, which had hit a peak in value on February 2, saw stock values decrease by 22 percent in the next three weeks. The total loss is estimated at a whopping $100...
