FB premarket @165, - 3%: Weekly Comic: Facebook Slide Continues Amid Ongoing Firestorm
Facebook (NASDAQ:FB) shares looked set for another down day, falling 2% in premarket action, as a firestorm continued over third parties access to users’ personal data.
The stock has lost around 9% so far this week, wiping around $60 billion off its market value, after investors learned data-mining firm Cambridge Analytica had collected and used without permission data from the accounts of millions of users.
Facebook Chief Executive Mark Zuckerberg apologized Wednesday night for the Cambridge Analytica data controversy during an interview with CNN, and said he’d be willing to testify before Congress.