Facebook Shares Hit All Time High Despite Privacy Woes
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Facebook’s recent privacy woes seemed not to have shaken investor confidence as the social network’s stock closed at a record high last Friday, marking a 5% gain since its scandal with Cambridge Analytica was revealed in the news.
This marks a full recovery from the stock’s all time low in March where it hit its 52-week intraday low of $149.02 per share.
The rally to an intraday high of $203.64 per share puts Facebook’s market value at $590 billion, and Mark Zuckerberg as the third wealthiest on Bloomberg’s Billionaires index at $77.1 billion.
Source: CNBC