Facebook shares down 40%, due to user data leaks

Jakarta – Shares of the world's largest social networking company, Facebook has fallen by 40% in the last four months.

Citing CNBC, this decline is the highest since July 25, 2018. Facebook is experiencing problems due to controversial data leaks and executive declarations.

The shares of the technology industry are indeed declining. Since August, market capitalization has decreased by nearly US $ 200 billion, also due to the threat of global economic growth and the tension of trade wars between China and the United States.

Currently, Facebook's revenue depends on ads from users who do business. But because of the data leak problem, Facebook's revenue has been disrupted and diminished.

Facebook CEO, Mark Zuckerberg, explained that the many parties with Facebook shares made him unable to take action Daniel Newman, senior research badyst at Futurum, explained that currently Facebook had lost shareholder confidence .

"The company's statements such as those from their communications department some time ago are not enough, they have to change the statement from now on," Newman told CNBC on Tuesday (27.11.2018). ).

Previously, the Zuckeberg had taken steps to resign from the presidency of the CEO. This step is called very risky, the article is currently Mark is also a board member of the technology company with Amazon founders Jeff Bezos, Marc Benioff and Reed Hastings.

The InvestorPlace badyst, James Brumley, explained that Facebook's current financial situation was not brilliant. Last month, the company posted a disappointing result due to an increase in operating costs of 40% to 50%.

"There are not many people who are interested in Facebook, they can be saturated with cases happening there," he added.

According to Brumley, Zuckerberg must immediately take steps to restore confidence.

According to him, Zuckerberg must convince Facebook investors if the existing data remains safe. This is to keep Facebook's business and survival in the future.

Also look at "How Facebook Filters Negative Content on Group Accounts":

(kil / DNA)