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Aiken Standard in Aiken, South Carolina

27 Jul 2018

Page 6

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Jul 27, 2018

Page

6

Facebook faces a day of reckoning on Wall Street

Facebook stock tumbled in a dramatic one day drop marking the worst trading session since its 2012 debut. The 19 percent fall erased about 219 billion in market value, wiping out CEO Mark Zuckerberg's wealth by roughly 16 billion as analysts point to Europe’s stricter privacy rules and regulatory pressures rather than the Cambridge Analytica fallout. Shares closed down near 9 percent amid questions about user growth, privacy, misinformation, and platform neutrality as 2.23 billion monthly users were reported for June 30.

MENTIONED IN THIS ARTICLE

New York Facebook Mark Zuckerberg Cambridge Analytica Testo Donald Trump Sehich FactSet Fla North America Europe
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Trump casts Granite City steel plant as economic success story

President Trump touts US Steel’s reopening in Granite City as proof tariffs shield American workers, while touting talks with Europe to lower trade barriers. He cites higher soybean sales to the EU and vows better terms after blaming past deals for job losses. Iowa events and farm aid are noted alongside warnings of a broader trade war.

MENTIONED IN THIS ARTICLE

Granite City Donald Trump America Trump Iava Minolsa European Commission Jean Claude Juncker White House China Mexico Canada U.S Iowa Europe Peosia Gav Kim Reynolds Red Blum
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