Facebook shares have recovered to pre-Cambridge Analytica scandal levels, two months after the news first broke.
We’re all familiar with the story now. Cambridge Analytica allegedly “misused” the personal data of millions of Facebook users, apparently in order to influence the results of elections.
Related: How to delete your Facebook account
Facebook was heavily criticised for its role in the controversy, companies pulled their ads off the platform and thousands of people urged others to delete their Facebook accounts.
And Facebook’s shares, which had been trading at just over $185 before the news broke, plummeted by more than 10%. Just two months later, they’ve bounced back up to $185, Bloomberg reports.
What’s more, the company last month reported higher than expected first-quarter financials and said it had actually managed to grow its userbase while the scandal was unfolding.
So much for the #DeleteFacebook movement and teaching Mark Zuckerberg and co a lesson, eh…
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