Facebook Loses $60 Billion USD in Wake of Cambridge Analytica Scandal

Following the social network's Cambridge Analytica controversy, Facebook has lost $60 billion USD in market cap. At the end of last week, the social media platform was worth $537.69 billion USD in market capitalization and is now worth $476.83 billion USD. Co-founder and CEO Mark Zuckerberg has been summoned by British lawmakers to show evidence on his company's relationship with Cambridge Analytica; Zuckerberg's own net worth has been reduced by $5 billion USD. Even industry giants like Amazon ...