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Facebook data flap infects social media stocks

Wednesday, March 21, 2018 - 02:01

Facebook shares have lost $55 billion in market value over the past two days and that pain is spreading to rivals like Twitter as investors fear government crackdowns are coming, which could curtail the data collection that has fueled the sectors' revenue growth.

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Facebook shares have lost $55 billion in market value over the past two days and that pain is spreading to rivals like Twitter as investors fear government crackdowns are coming, which could curtail the data collection that has fueled the sectors' revenue growth.

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Facebook data flap infects social media stocks

Wednesday, March 21, 2018 - 02:01