Social media stocks have been hit hard, with shares of Facebook (NASDAQ: FB)and Twitter (NYSE: TWTR)down 12% and 18%, respectively, over the prior month. Concerns about data privacy and the social media business model have reached a crescendo in light of revelations that Cambridge Analytica was able to obtain the personal data of up to 87 million users, many of whom did not authorize access for the company.
Twitter Has Bigger Problems Than Facebook
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