It’s been another bad week at Facebook HQ. The data mining scandal isn’t showing signs of going away anytime soon and now their stock price has fallen by 20% after CFO David Wehner said revenue growth would “continue to decelerate in the second half of 2018” while the company works hard to improve their image. The $123.4 billion loss represents the biggest daily drop off all time and appears to be a direct response to the stalling of Facebook’s growth, especially in Europe where the market is already oversaturated.
Read the rest of this week’s tech news roundup here.