“Every Company Is a Data Company” – Forbes

Sep 27, 2018

By Jedidiah Yueh and Randy Bean – In July 2018, Facebook’s market value suffered the biggest one-day fall in US stock market history—$120 billion. After alleged election tampering by the Russians and the Cambridge Analytica scandal, Facebook’s costs to manage data security and privacy have skyrocketed, negatively impacting earnings.

To put the loss in perspective, that’s more than the market cap for GE, UPS, or American Express.

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