Facebook shares tumble after it said a firm improperly kept data on users


facebook shares

Technology shares dragged down stock indexes, jolting investors who have rallied behind a handful of the hot tech companies and raising fresh questions about the resiliency of a nine-year-old bull market in U.S. stocks.

Together, Facebook, Amazon.com, Netflix and Google parent Alphabet – young firms closely associated with the Silicon Valley technology scene and deemed to be “disrupters” of rival firms engaged in media, travel, online shopping and other businesses- shed a total of roughly 76$ billion in market value.

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Read more on The Wall Street Journal here.

 


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I am an absolute crypto enthusiast. Ever since Bitcoin showed up on 2009, I became curious about digital currency and its underlying financial technology. I've started working at Trading Fortune in December 2017.

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Facebook shares tumble after it said a firm improperly kept data on users

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