Facebook stocks experienced a $100 billion free-fall on Wall Street this week. This amounted to a 19 percent drop by Thursday marking a new record of value decline in Wall Street's history.
Several factors contributed to the social media behemouth's abrupt backslide. Stricter regulations, consumer mistrust, discoveries of fake news, and a major campaign by Cambridge Analytica who is accused of siphoning user data to manipulate the 2016 U.S. election outcomes.
See more in the Washington Post
https://www.washingtonpost.com/technology/2018/07/26/how-years-privacy-controversies-finally-caught-up-with-facebook/?utm_term=.80ce58b7134e&wpisrc=nl_evening&wpmm=1