Facebook Stock plummets to the lowest since February 2017

In the middle of growing public attention on a recent New York Times Investigation accusing Facebook leaders of associating with a public relations firm engaged in "unethical (and anti-Semitic) opposition research", the title of the social networking company fell by 5% on Monday morning .

According to CNBC, Facebook's stock has not plunged so low since February 2017, a financial burden due to the fact that the tech giant is expected to record a new monthly loss record, which should end in the red for the third month. in a row. In addition, CNBC reports that Facebook is expected to announce its second consecutive quarter of losses for the fourth quarter, which the company has not done since 2013.

And it's not just stocks that fall. the the Wall Street newspaper reports that employee morale has also dropped. According to a recent survey, just over half of employees say they are optimistic about the future of the company (down 32% from the same period last year). The number of employees who reported believing that Facebook would "make the world better" had decreased by 19%.

Although CEO and Founder Mark Zuckerberg denied that Operations Director Sheryl Sandberg had knowledge of controversial lobbying tactics Time According to the report, Facebook is constantly being criticized for its practices during the 2016 election and as a result of data breaches – a tension that has reflected in the stock market.

The declining stock sparked a mixed response on Twitter. Although some call for extensive dumping of shares due to moral misconduct, others believe that the timing may be well chosen to buy shares.

New York City Comptroller Scott Stringer, an investor with about $ 1 billion in Facebook shares, suggests replacing President Zuckerberg as president could help ease financial difficulties. "A company with considerable influence and influence on Facebook requires strong oversight, which can only be achieved by an independent chairman who is empowered to perform critical audits of the company's leadership," Stringer told Business insider.

Zuckerberg disagrees, telling reporters on Thursday: "I do not particularly think this proposal is the right way to go."

Investors and journalists will undoubtedly inquire again about the announcement of the November results.