Facebook Now Hammered By Investors, Too
Facebook ($FB@US) is still in the eye of the storm after leaked internal documents revealed it has long known, from its own research, the search harm its apps can cause. Consumers are angry after the service was down for six hours Monday, the longest outage in 13 years. Politicians are livid after reviewing the research. And now investors are speaking with their wallets, as the stock price is down 12% in the past three weeks, while the Nasdaq has fallen just 4.5% over that stretch. Over the course of the pandemic, Facebook's algorithms have often helped spread anti-vaccine and anti-mask information. The latest crisis shows Facebook clearly understands the addictive nature of its products and uses the knowledge to make even more money off its users.