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Social Media: Facebook Besieged by Wall Street, Washington and Europe - by Brandon Kochkodin

Facebook Inc.’s grim week is getting grimmer.

The company on Tuesday was beset on two continents by governments suddenly focused on data security and investors unliked its stock to the point that it lost $60 billion in value.

The Menlo Park, California, company, whose social network is a ubiquitous venue for social and political life, is drawing the unaccustomed unwelcome attention after the disclosure that it released the personal data of 50 million users to an analytics firm that helped elect President Donald Trump.

The company, Cambridge Analytica, has been implicated in dirty tricks in elections around the globe.

Facebook has struggled to respond to the fast-moving imbroglio, and even Facebook workers have been in the dark.

The company held a staff meeting today to answer their questions and address staff questions about what Facebook knew and when. Chief Executive Officer Mark Zuckerberg plans to address employees on Friday at a previously scheduled all-hands meeting. For those not privy to the internal meetings, here are the latest developments:

Read more here: Facebook Besieged by Wall Street, Washington and Europe

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