But as the year comes to a close, Facebook is facing a pair of major lawsuits in the U.S. and reeling from a string of public relations disasters. The company's stock has lost over 25% of its value since January and took another 7% hit on Wednesday after a report that it shared the power to read and delete users' private messages with companies such as Netflix and Spotify.

Source: Los Angeles Times December 20, 2018 00:33 UTC