Around eight weeks after The Guardian tells the story for the first time from Cambridge Analytica publishedwhich systematically collected data from millions of Facebook users in order to manipulate them in the run-up to the 2016 US presidential elections and the Brexit referendum in the UK, Facebook has recouped all the losses its share price suffered in the wake of the scandal.
On Thursday, Facebook shares closed at USD 185.53, up 0.2 per cent on the last closing price before the scandal broke on 17 March. Following the Guardian's revelations, Facebook lost 50 billion dollars in market capitalisation within two days, and at its lowest point, the company's share price had fallen by almost 20 per cent compared to its pre-scandal level.
After a series of public apologies and positive results for the first quarter it seems that Wall Street has overcome the scandal. Perhaps even more surprising is that this also applies to many Facebook users at least according to a recent survey conducted by Ipsos on behalf of Thomson Reuters.
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