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GDPR and Cambridge Analytica scandal could be worse
BRATISLAVA, NEW YORK. Facebook surpassed another record this week when it fell sharply by nearly twenty percent Thursday
Read also: Billions of dollars are not what that Facebook has really lost
In the history of US markets, no American firm has lost more than one hundred billion dollars in a single day
This massive surge does not even was carried out by Intel tech company when it lost its stock in one day in 2000 91 billion dollars, or Microsoft, which was 77 billion dollars a day in the same year
For all, personal data [19659009] What happened? For the fall of stocks, first of all, the announcement of the company's results for the second quarter and the gradual increase in costs incurred by the company to secure the systems
Facebook spends more money for security
See also: A new data protection will allow the Internet to forgive you
At the beginning of the year, information from Cambridge Analytica were illegally recovered by ten million social network users and used to support Donald Trump's election campaign
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" Facebook began an intense struggle with so-called fake news, which is wrong and false. "
" The company she owed the pressure of the US government to hire more people to control the content on the social network, "says Mahdalová, explaining why the amount of free money has also dropped by half
People started to leave, especially in Europe
was introduced by new, stricter data protection rules, the GDPR.
- earned $ 13.23 billion for the second quarter,
- the value of the company dropped $ 120 billion,
- Companies that collect personal data on people have to deal with them very carefully, they have to regularly update their databases and, most importantly, they must have the consent of the users on their behalf. treatment.
The rules began to apply May 25 throughout the Union
The decline of active users of social networks has been the largest in Europe since the entry into force of the GDPR
While for the first time the quarter saw the 282 million Facebook users in Europe, and in the third quarter, it was three million fewer
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Facebook's actions will probably be offset by a drop
"The decline in sales will have an impact on users"
See also: Facebook waits for changes, significantly adjusts the filtering of posts
On the other hand, the current drop in inventories is a good opportunity to analyze, "says Mahdalová, to buy them.While one sold for more than $ 217 a couple of weeks ago, it is currently worth less than $ 178.
Next The Mar Financial Analyst Cheta Šichtařová warns that this week has seen not only Facebook, but also another Twitter social network that has weakened 20%
"If it's the second social network, it's probably not just the problems of a business but the fall of the whole sector, "says Šichtařová
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