Facebook shares are up after a rough 2 days (FB)

pulse

March 21, 2018 3:02 PM

Facebook stock is beginning to stabilize for the moment after a rough two days.

Facebook shares are up more than 2% to a high of $173 apiece Wednesday. The gain comes after a rough two days wipe out about $50 billion of the company's market capitalization.

The stock dropped sharply Monday after news broke that a political research firm, Cambridge Analytica, had illegitimately accessed 50 million user accounts. Shares then tumbled again on Tuesday when reports said the FTC would investigate

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