Facebook (NASDAQ:FB) stock took a massive dip after the market closed yesterday when US regulators announced a $5 billion fine against the social media platform. FB stock is currently trading for $201.54 on the NASDAQ in light of the news.
Here’s what we know.
FB Stock: Racked by $5 Billion FineUS regulators fined Facebook a $5 billion USD penalty yesterday in order to settle claims regarding the violation of users’ privacy. Specifically, the claim pertains to the allegations against political consultancy Cambridge Analytica, which improperly obtained the data of up to 87 million ...
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