WHAT THE F%#K ZUCK! FACEBOOK GET'S SUED AND LOSES $50 BILLION AMID DATA HARVESTING SCANDAL
I want to start by lifting brother Zuckerberg up in prayer because I know he is indeed in need of it. I mean it is one thing to lose a few dollars, but according to CNN Money, the Facebook stock has lost nearly $50 Billion in value this week already. And to make matters even worse, his investors are now suing the social media powerhouse.
CNN Money reports that on behalf of an undisclosed number of shareholders who purchased shares between the period of February 3,2017 thru March 19,2018, Facebook shareholder Fan Yuan has filed a lawsuit in federal court on Tuesday in San Francisco. The lawsuit that Yuan filed stated that Facebook "made materially false and misleading statements" about their policies, and Facebook also left out of the conversation that they allow 3rd parties to access the data of millions of people without them having idea that somebody all in they business.
To read the full article go over to our finance section.