News Roundup: Facebook Takes a Major Financial Hit

It’s been another bad week at Facebook HQ. The data mining scandal isn’t showing signs of going away anytime soon and now their stock price has fallen by 20% after CFO David Wehner said revenue growth would “continue to decelerate in the second half of 2018” while the company works hard to improve their image. The $123.4 billion loss represents the biggest daily drop off all time and appears to be a direct response to the stalling of Facebook’s growth, especially in Europe where the market is already oversaturated.

Read the rest of this week’s tech news roundup here.

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