- Actor Jim Carrey tweeted on February 6 that he was dumping his Facebook shares because the company profited from Russian interference in US elections.
- Facebook shares have fallen more than 9% over the past two sessions after news surfaced that Cambridge Analytica accessed data to more than 50 million users without their permission.
- Follow Facebook’s stock in real time here.
Actor Jim Carrey dumped his Facebook shares at exactly the right time.
“I’m dumping my @facebook stock and deleting my page because @facebook profited from Russian interference in our elections and they’re still not doing enough to stop it,” Carrey tweeted on February 6. “I encourage all other investors who care about our future to do the same. #unfriendfacebook.”
Facebook shares closed at $US185.31 on February 6, but have fallen more than 9% this week to their lowest since September following news out this past weekend that Cambridge Analytica accessed data from 50 million users without their permission. The stock closed at $US168.15 Tuesday.
The selloff in Facebook shares has been fast and furious. They have shed 9% in just two days, and erased roughly $US50 billion in market cap. During the selloff, Facebook has slipped one place in the rankings of the most valuable US companies, falling from fifth to sixth, and is now behind Warren Buffett’s Berkshire Hathaway.
Facebook shares are down another 1.35% ahead of Wednesday’s opening bell.
Business Insider Emails & Alerts
Site highlights each day to your inbox.