Facebook And Mark Zuckerberg Facing Shareholder Lawsuits Over Collapse Of The Company's Stock

August 1. 2018

Press reports indicate social networking website Facebook and its CEO, Mark Zuckerberg, are facing lawsuits from shareholders over the collapse of their stock price last week. Facebook lost $119 billion dollars in value last week, due to the manner in which Zuckerberg has run the company into the ground. This is a disaster of his own making.

Scandals regarding Zuckerberg discriminating against conservatives as well as opening up the backend of Facebook to invasive third parties, in what mushroomed into the Cambridge Analytica scandal, is destroying the company. Shareholders have a right to sue if the company engaged in reckless conduct that resulted in the stock's decline. Lawsuit insurance will not cover such lawsuits, which will eat away at the company's bottomline. 

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