Facebook's $120 Billion Dollar Bad Day
Facebook, the Goliath social media platform, took a historic $120 billion fall on Thursday, winning the top spot for the largest one-day loss of market cap ever on record.
Interestingly, this massive 19% wipeout was heavily related to ethical missteps related to user privacy and data security practices, providing a strong reminder that ethical and moral analysis of a company is not just a feel-good activity, but can help investors identify real, tangible financial risk in an investment...[read full article]