The Fall of Facebook

Facebook’s value has plummeted by $50 billion this week alone and is expected to continue plummet. This shocking drop in value is a result of the Cambridge Analytica scandal. Wherein the London based company, with the help of Dr Aleksandr Kogan, essentially violated Facebook’s supposed values by harvesting data from 50 million users and used it to benefit Donald Trump’s campaign.  To make matters worse, a number of Facebook investors filed a lawsuit in federal court in San Francisco on Tuesday. The lawsuit said Facebook “made materially false and misleading statements”. Facebook has come under fire, and even “Whatsapp’s” co-founder Brian Acton has joined  a #deletefacebook movement. Which calls for internet users to abandon the social media platform all together.