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Investors 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.