Snap sinks as Facebook fallout ripples throughout tech (SNAP)

markets.businessinsider.com | 3/19/2018 | Staff
lhumara (Posted by) Level 3
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Snap shares are down about 4% Monday as Facebook woes weigh on tech stocks.

Over the weekend, news broke over that Cambridge Analytica, a political research company, had accessed 50 million Facebook user profiles illegitimately.

Investors - Impacts - Internet - Companies - Macquarie

"Investors are concerned about regulatory impacts on internet companies," Macquarie analyst Ben Schachter told Business Insider.

Snap shares are under pressure Monday as the fallout from Facebook's woes sends ripples throughout the tech sector.

Weekend - News - Cambridge - Analytica - Research

Over the weekend, news broke over that Cambridge Analytica, a political research company, had accessed 50 million Facebook user profiles illegitimately. The information was allegedly used for highly targeted political ads on Facebook, and may have impacted both the 2016 presidential...
(Excerpt) Read more at: markets.businessinsider.com
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