O Facebook lost about $ 40 billion of market value with this Monday's stock drop on the Nasdaq stock exchange. The paper closed down 6,8%, the company's biggest daily retreat since 26's March 2014.
In market value, this drop is equivalent to a loss of US $ 36,4 billion. Facebook also pulled down other social networks, like Twitter (-1,7%) And Snapchat (-3,5%). The social network is under fire after it went public that a company linked to the Donald Trump campaign in 2016 kept Facebook user data unauthorized.
As a result, Facebook as a whole depreciates. With the devaluation the social network loses about $ 40 billion, the biggest daily loss since September of 2012. Daniel Ives, director of strategy and technology research at GBH Insights, said Facebook is in crisis and will have to work hard to reassure users, investors and governments.
Sen. Amy Klobuchar, a Minnesota-based senator, said Facebook's chief executive, Mark Zuckerberg, must testify in the Senate and Members of the United Kingdom and the European Union have also defended the conduct of inquiries.
