However, as mentioned by the BBC, the apology did not stop investors from selling Facebook shares. Not surprisingly, given this scandal makes the emergence of the #deletefacebook tag. Advertisers also seem to start pulling their ads from Facebook.
Facebook shares fell from $ 176.8 a share on Monday to $ 159.3 on Friday. When Facebook made its initial public offering in 2012, its shares were priced at $ 38 a share, making it valued at nearly US $ 104 billion.
Along with stable user growth and digital ad market share, Facebook's revenues continue to rise, bringing its shares up to US $ 190 per share in February this year.
Senior Analyst at Pivotal Research, Brian Wieser admitted that he is one of the pessimists who value the stock of Facebook on Wall Street. "I expect Facebook shares will be $ 152 by 2018 - and that was before this week's scandal," Wieser said.
Wieser said the fall in Facebook shares indicates that investors are worried the government will make tighter regulations that will end with declining users. "But it is unlikely that advertisers will leave Facebook, where else will they advertise?" he said.
Laith Khalaf, Senior Analyst at Hargreaves Lansdown said that this week's scandal is very destructive for Facebook. "One of the secrets of Facebook's success is that more and more users, the more important this platform is for its customers," he said.
"Unfortunately, the same will be the opposite if Facebook loses a lot of users as a result of this scandal."
