No. 1 Hotspot for Nigerian Music, Video, Sports and Entertainment News

Finance: Facebook is rallying as Mark Zuckerberg testifies to Congress (FB)
PublishedBy: in Business Insider/FinanceApril 10, 2018

Facebook stock price senate zuckerberg cambridge

Mark Zuckerberg is facing what may be the toughest grilling of his life.

Shares of Facebook were up 3.6%, and climbing, as CEO Mark Zuckerberg gets grilled by lawmakers on Capitol Hill.

Ahead of the joint hearing of the Senate Commerce and Judiciary committees regarding Facebook's ongoing privacy scandal stemming from the firm Cambridge Analytica, shares were up 2%. Once Zuckerberg arrived at the US Capitol, shares rallied to fresh session highs.

Zuckerberg's appearance comes in the wake of a string of scandals — most recently from Cambridge Analytica improperly obtaining the personal data of as many as 87 million users, but also the intense blowback the company has faced over fake news and its role in Russian interference in American elections.

Since the scandal first hit equity markets on Monday, March 19, Facebook's stock price has declined by more than 10%, costing Zuckerberg $11 billion of wealth.

You can follow Business Insider's live coverage from the hearing here>>

Follow Facebook's stock price in real-time here>>

Support 9JAKOLO NG' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to 9JAKOLO NG, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


Related Posts


Larry Gaaga feat. Wizkid – Low


Video: Kehlani feat. 6LACK – RPG

Comment Below!

Your email address will not be published.