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A lot has been said about the recent scandals involving Cambridge Analytica and the Facebook datamining breach that has Members of Parliament in the UK and EU wanting Zuckerberg to testify, but the Federal Election Commission also wants to talk to Mark Zuckerberg as well as Alphabet (parent company of Google) CEO Larry Page and Twitter's CEO Jack Dorsey. Judging from the charts, Twitter investors are already fearing for the worst.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Twitter stock also getting pummeled today <a href="https://t.co/aDuJVCSr6W">pic.twitter.com/aDuJVCSr6W</a></p>— Steve Lookner (@lookner) <a href="https://twitter.com/lookner/status/976126688751955969?ref_src=twsrc%5Etfw">March 20, 2018</a></blockquote>

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https://thegoldwater.com/news/20997-Facebook-Took-35bn-Hit-As-Zuckerberg-Sold-Shares-Before-Scandal-Broke

In between members of Congress and the Federal Election Commission wanting Jack Dorsey to testify and the datamining breach at Facebook, an ill-fated ad at Snapchat suggesting either slapping singer Rihanna or singer Chris Brown and a lawsuit from the Israeli government, it seems to be a full-scale implosion of the social media sphere.

https://www.thegoldwater.com/news/20862-British-Parliament-Wants-Zuckerberg-To-Testify-For-Cambridge-Analytica-Data-Breach

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">WHOA. Twitter is nearly crashing right now. It's down 9% in just the first two hours of trading <a href="https://t.co/EhKejdY9YS">https://t.co/EhKejdY9YS</a><a href="https://twitter.com/search?q=%24TWTR&src=ctag&ref_src=twsrc%5Etfw">$TWTR</a> <a href="https://t.co/OZn3I9XlbS">pic.twitter.com/OZn3I9XlbS</a></p>— StockTwits (@StockTwits) <a href="https://twitter.com/StockTwits/status/976118577265893376?ref_src=twsrc%5Etfw">March 20, 2018</a></blockquote>

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https://thegoldwater.com/news/21010-US-Congress-British-And-EU-MP-Want-Facebook-s-Zuckerberg-To-Testify

Since the Israeli government's threatened legal action alleging that Twitter is ignoring requests to remove content that "suggests violence against the state" Twitter has taken a major hit. Currently, the social media platform's stock is down 5% just since the announcement according to Business Insider. Facebook lost $35 billion worth of value already this week as well. Maybe it's time to <a href="http://www.gab.ai">get on Gab</a>?

[tgw_tags] #twitter #socialmedia #stockmarket [/tw_tags]

Source:

http://markets.businessinsider.com/news/stocks/twitter-stock-price-sinking-israeli-government-considers-legal-action-2018-3-1018949164