Facebook Stock Rises After Zuckerberg Insists Data Scandal Has Had No 'Meaningful Impact'
Facebook stock—which plummeted over 16 percent since news of the Cambridge Analytica data scandal broke last month—climbed over two percent Thursday. On Wednesday, CEO Mark Zuckerberg told reporters the scandal hasn't noticeably impacted user behavior. "I don't think there has been any meaningful impact we've observed," Zuckerberg said. The company announced this week that the data of up to 87 million users was harvested by Cambridge Analytica. Facebook also announced new measures its undertaking to protect and regain users' trust, like removing the option to search for people using their phone numbers or emails and preventing third-party apps from accessing certain information without approval.