Facebook’s value plunged by $58 billion this week

Facebook finished the week $58bn lower in value after its treatment of a notable data breach.

Its founder Mark Zuckerberg apologized for the data breaches that affected 5 crore users.

The statement of regret did not prevent investors from selling shares in Facebook, with numerous pondering exactly how terrible the harm would be for the social network.

The breach was known as a “light bulb” moment for users, generating the social media trend #deletefacebook.

All the negative features prompted a few promoters saying “enough is enough”.

Shares in the social netwroking organization tumbled from $176.80 on Monday to around $159.30 by Friday night.

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