Up to $2 billion of Facebook's revenue may be at risk after data leak scandal

Up to $2 billion of Facebook's revenue may be at risk after data leak scandal

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/04/12/up-to-2-billion-of-facebooks-revenue-may-be-at-risk-after-data-leak-scandal.html

About 3 percent of Facebook's annual advertising revenue could be at stake because of the scandal involving its handling of user data, according to a widely followed tech analyst.

The social media giant may feel that lost revenue, which could range from $1 billion to $2 billion, as a result of the public revelations about Cambridge Analytica, according to Daniel Ives, the chief strategy officer at GBH Insights.