The world’s largest social network is down 0.6 per cent ahead of the Wall St bell. The rumble in the company’s shares has sent ripples around global markets; Morgan Stanley describes buying the euro as “the inverse” of big tech stocks. “The US NYSE Fang Index selling off hard has increased the relative attractiveness of European share markets. Shares in Alphabet, the parent of Google, Apple and Amazon all fell on Monday. The scandal also comes as Facebook is already under fire over its role in promoting fake news during the elections.

Source: The Irish Times March 20, 2018 12:11 UTC