Facebook moves on from data scandal as stock reaches all-time high
Facebook appears to have emerged from the Cambridge Analytica scandal relatively unscathed as stock reached a record high this Friday (6 July).
Shares in the social network gained 5% to reach an all-time peak of $203.64 a share, before closing just below that price.
The gains mark a recovery from March, when Facebook shares hit a low of $149.02 per share, at the height of the data storm.
Roughly translated, Facebook’s market value is close to $590bn, with chief executive
Read more »