Marketing firm using Facebook data loses a third of its value

Marketing firm using Facebook data loses a third of its value

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnet.com/news/marketing-firm-using-facebook-data-loses-a-third-of-its-value/

The fallout from Facebook's Cambridge Analytica scandal is hitting one data marketing firm hard. 

Acxiom, which uses Facebook data for better targeted marketing, lost a third of its value on Thursday after Facebook decided to end its "Partner Categories" program, which fed data to firms like Acxiom. The company's shares fell 31 percent to $19.45.