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To put the FB selloff into a market perspective: -Equifax is only off 13% from its peak after its unprecedented leak of nearly every American and many Canadians
by hodder 9y ago
To put the FB selloff into a market perspective:
-Equifax is only off 13% from its peak after its unprecedented leak of nearly every American and many Canadians' credit info, leaving the population vulnerable to identity theft. The population mostly never agreed to give Equifax this information, but Equifax collects it anyways.
FB is off 8.5% now as a client business failed to adhere to FB users' privacy for data that the users were willingly giving out to FB and the client (but not the third party). Not likely much more downside to the stock on this news imo.
- matthewmcg 9y agoPerhaps the market's reaction reflects the widespread belief that this publicity may drive users away from Facebook, whereas Consumers can't really opt out of Equifax's collection.