Detailed text transcripts for TV channel - CNN - 20180727:08:09:00
It would spend billions of dollars on security putting privacy before profits. that will cut into earnings for years. facebook lost $119 billion in market value. $119 billion. that's the biggest single day loss for a public company. $119 billion is more than the value of most companies in the s&p 500. what it lost is more than the value of most companies in the s&p 500. including costco and american express and cvs. it took $16 billion off the value of mark zuckerberg. he is now the sixth richest person. facebook plans to put privacy first. a direct result of the data scandal. it will invest b...
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