If that’s not enough, this weekend marks the one year anniversary of the Cambridge Analytica scandal that upended the company — an anniversary Facebook would almost certainly love the world to forget.
All of the problems that have plagued Facebook and CEO Mark Zuckerberg for the year since then to have collided at once: regulatory scrutiny, the struggle to police its platform, and a growing executive exodus amid a bottomless pit of scandals.
“It’s been a nightmare week for Zuckerberg and Facebook,” said Daniel Ives, an analyst who tracks Facebook for Wedbush. “Tech investors are getting more nervous” that “more turbulence could be ahead.”
Shares of Facebook fell as much as 4% in early trading Friday before rebounding somewhat. Representatives for Facebook did not immediately respond to a request for comment on this story.