The impact from Facebook’s privacy scandal looks more like the Equifax breach than the BP oil spill (FB)

pulse

March 21, 2018 6:46 PM

Facebook's woes could end very soon.

Barclays analyst Ross Sandler's mini case study shows
Shares tumbled more than 9% Monday and Tuesday, making for their worst two-day stretch in over five years.
Unless the data breach that caused the sell-off causes users to delete Facebook, the stock will rebound.

Facebook's slide is likely short-term, and shares should rebound soon, according to a note from Barclays analyst Ross Sandler.

Shares of the social media giant got whacked Monday and Tuesday, down more than 9%, on news that Cambridge Analytica accessed data from 50 million users without their permission. That marked the stock's worst two-day stretch in over five years and shaved off about $50 billion of market cap.

Sandler, however, believes that this week is "

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