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Wednesday, 26 September 2012

Stock Downturn: Facebook again on the Losers' List

Worry: Facebook CEO Mark Zuckerberg was at the centre of a major privacy row today as internet users claimed that private messages were being displayed as public. However, the site said the issue was simply a mistake by users.
Mark Zuckerberg
The Facbook stock has once again plummeted on the New York stock exchange. Just yesterday, it fell 9.1 % to $20.79 dollars. Yet by 10am (EDT), it fell down further to $20.39. Many experts have blamed the free fall to intrusion into Facebook site by bugs which resulted to leakage of information to the public timeline. However, Facebook management denied this report.



Disappointing: Facebook shares have lost 31pc of their value since the company's IPO last Friday

This report was taken by French Government very seriously as they have invited the managers of Facebook to come over and explain the continued down fall of Facebook stock to the country's data Watchdog. A minority of users were worried that they saw many supposed private messages appearing on their timeline. But Engineers of Facebook examined the messages and confirmed that they were old postings that have before now been in the public timeline.


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