The week Facebook’s value plunged $58bn

Facebook ended the week $58bn lower in value after its handling of a historic data breach.

Its founder Mark Zuckerberg apologised for data breaches that affected 50 million users.

The apology did not stop investors from selling shares in Facebook, with many wondering just how bad the damage will be for the social network.

The breach was called a “light bulb” moment for users, spawning a the social media trend #deletefacebook.

All the negative headlines led to some advertisers saying “enough is enough”.

Shares in the social media company fell from $176.80 on Monday to around $159.30 by Friday night.

Source : BBC NEWS

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