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Keyword: fblawsuit
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Facebook Stands to Lose Tens of BILLIONS in Dozens of Lawsuits
Facebook stocks plunged precipitously on Thursday after the company's earnings report showed they missed expectations on revenue and that the social media platform's monthly users are down significantly. All of this comes in the wake of ongoing scandals, including charges of data misuse and anti-conservative bias. "During a conference call Wednesday, Facebook Chief Financial Officer David Wehner predicted bad news for the second half, and the company’s shares immediately began a drastic retreat in the extended session," Marketwatch reported on Thursday. According to Reuters, "Facebook shares dived 18.6 percent, set for its biggest one-day percentage drop ever, after the social...
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