Facebook's woes 'deeper than a 1-day sell-off,' NYU professor says

Facebook's woes 'deeper than a 1-day sell-off,' NYU professor says

6 years ago
Anonymous $RBasgWKaIV

https://finance.yahoo.com/news/facebooks-woes-deeper-1-day-sell-off-nyu-professor-says-203419162.html

“This is pent-up anger, and the markets exploded at Facebook,” Galloway argues. “It’s deeper than a one-day sell-off. It’s like when your husband screams at you for leaving the garage door open. It’s not about the garage door. It’s about something else.”

reported that the voter-profiling company Cambridge Analytica had effectively harvested the data of up to 87 million Facebook users. The scandal sparked a larger, ongoing conversation around users’ data privacy and calls for government regulation." data-reactid="27">That “something else” refers to Facebook executive management’s handling of events since mid-March, when The New York Times  reported that the voter-profiling company Cambridge Analytica had effectively harvested the data of up to 87 million Facebook users. The scandal sparked a larger, ongoing conversation around users’ data privacy and calls for government regulation.