Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
magazineInvestors dismiss Cambridge Analytica scandal to drive Facebook shares to new record
Do investors have super short memories, or is the Facebook/Cambridge Analytica data harvesting scandal now seen as a storm in a teacup?
Since the story broke in March - initially wiping billions of dollars off the social media giant’s market value as its share price crashed close on 20% - the stock has rallied hard, up 33%.
Facebook’s share price broke through the $200 ceiling for the first time on 20 June, closing at a record $202. Facebook floated in 2012 at $38.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
Issue contents
Big News
- Stocks super charged by electric vehicle plans
- TalkTalk buyout rumours emerge as chairman ups stake close to 30%
- What the latest Brexit news means for markets and investors
- Echostar walks away but Inmarsat still in play, say analysts
- Sunny weather and England’s top World Cup performance hits holiday bookings
