This content is from: Premium
Shorts Are Cashing in on Facebook’s Stock Slump
The most widely-held long among hedge funds attracted growing short interest ahead of the Cambridge Analytica scandal.
Photo credit: Andrew Harrer/Bloomberg Facebook’s stock continues to be under assault. Shares of the social media giant fell another 4.9 percent on Tuesday and are now down nearly 18 percent since March 19, when the Cambridge Analytica scandal broke. On Tuesday reports surfaced that founder Mark Zuckerberg was invited to testify
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.