Loss Of Advertisers Knocks Facebook’s Market Value Down $56B
PYMNTS
JUNE 29, 2020
percent on Friday, the highest amount in months, and the company’s market value fell $56 billion. In 2018, as the midterm elections were approaching, Senators Mark Warner of Virginia and Amy Klobuchar of Minnesota sent an open letter to Zuckerberg critiquing his then-new ad policy of requiring those buying ads to note who paid for them.
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