FB stock is down almost 7%, presumably on the Cambridge story. If that lasts, it's a fairly rare example of a security/privacy failure causing a stock to take a hit.
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It suggests that Wall St thinks (at least initially) that this will cost FB users and business, or will have to significantly tighten up its collection and use of profitable data.
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Replying to @mattblaze
Yes. Important to note that costing them users and costing them business are completely different things.
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Replying to @RichFelker
Sure, but the value of FB's business definitely depends on the vast network effects of so many users.
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Replying to @mattblaze
It also depends highly on lack of any regulatory framework or enforcement systems.
1:32 PM - 19 Mar 2018
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