Facebook loses $40 billion in 1 day, biggest drop in 3 years
Facebook suffered its biggest drop in over three years after losing nearly $40 billion in market value in a day following reports of Cambridge Analytica's data scandal. The social media giant, whose shares plunged nearly 7%, now has a market cap of around $501 billion. Further, Facebook CEO Mark Zuckerberg's net worth dropped by $6.06 billion in one day. 