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.
Related: Why #DeleteFacebook had a much smaller impact than you hoped
So much for the #DeleteFacebook movement and teaching Mark Zuckerberg and co a lesson, eh…
Are you even slightly surprised about how little the Cambridge Analytica scandal appears to have affected Facebook? Share your thoughts @TrustedReviews.
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Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
