However, the apology could not prevent investors from selling shares in Facebook, with many speculating the level of damage for the social network. The breach that initiated a social media trend #deletefacebook was termed as a "light bulb" moment for users. Shares of the social media company fell to $159.3 by Friday night from $176.8 on Monday. Its share price rose to $190 by February this year thanks to the steady user growth and digital advertising market. Brian Wieser, senior analyst at Pivotal Research, said the share price slump showed investors were wary of increased regulation and users leaving the platform, but there's little risk of advertisers leaving Facebook.

Source: bd News24 March 24, 2018 09:45 UTC