Facebook is being threatened of being sued! Big Sell!Facebook may be facing a 1.63 Billion Dollar Fine for Breach! Facebook had a Breach of hacker getting their hands on more than 50 Million users information! So if the European Union's newest privacy law was violated by facebook than they will be sued for 1.63 Billion Dollars.
Ireland's Data Protection Commission, which is Facebook's top privacy regulator for Europe, said on Saturday that it needed more information from Facebook about the nature and scale of the breach, including which Union residents it might have affected. Although that Facebook can confirm how many people it affected, they can't yet say who or what the risk could be for those who were affected by the Hack.
Facebook has hit a major trust loss that they were trying to regain after multiple privacy issues in the past.
As of right now I don't know how this will go so i would sell at this point and time as short term investors may want to hold until the final release is announced in the future.
-Jon Matthews
