Home / Business / Facebook reaches a historical record, marking the total recovery of the data scandal

Facebook reaches a historical record, marking the total recovery of the data scandal



  The silhouette of Mark Zuckerberg, CEO and founder of Facebook Inc., is seen during the Oculus Connect 4 product launch event in San Jose, California, on Wednesday, October 11, 2017.

David Paul Morris | Bloomberg | Getty Images

The silhouette of Mark Zuckerberg, CEO and founder of Facebook Inc., is seen during the Oculus Connect 4 product launch event in San Jose, California, on Wednesday, October 11, 2017.

Zuckerberg now ranks fourth in the Bloomberg Billionaires Index just behind Warren Buffett. Near the close of the market, the technology executive briefly passed the Berkshire Hathaway billionaire. Bloomberg estimates that Zuckerberg is now worth $ 79.7 billion. It is ranked as the fifth richest person in the world in the Forbes list, just behind the CEO of LVMH, Bernard Arnault. Forbes estimates that Zuckerberg is worth approximately $ 77.1 billion. Friday's gains mark a full recovery since March, when Facebook shares reached a 52-day intraday low of $ 149.02 per share, following reports that the company mishandled data from about 87 million users. 19659005] Facebook's data problems are far from over, although investors no longer seem concerned. On Monday, the social media company confirmed that the FBI, the SEC and the FTC have joined the Department of Justice to ask questions about user data that have not been properly shared with the Cambridge Analytica policy consultancy.

Facebook shares fell after the reports, but a strong return later in the week. The stock has gained around 15 percent so far in 2018.

.


Source link