- Facebook is up Wednesday, after a tough two days where around $50 billion was wiped off the company’s market capitalization.
- Watch the stock trade in real time here.
Facebook shares are up more than 2% to a high of $173 apiece Wednesday. The gain comes after a rough two days wipe out about $50 billion of the company’s market capitalization.
The stock dropped sharply Monday after news broke that a political research firm, Cambridge Analytica, had illegitimately accessed 50 million user accounts. Shares then tumbled again on Tuesday when reports said the FTC would investigate whether the social media giant “violated terms of a consent decree over its use of personal data.”
The stock is down more than 5% year-to-date.