Is This A Bump In the Road Or A Sink Hole For Facebook?

The financial markets slipped lower today, apparently triggered by the announcement that Facebook is being targeted by regulators after an article in the New York Times accused a data analytics company of stealing user information from Facebook in order to support the political campaign of then candidate Trump. The company in question, Cambridge Analytica had previously been profiled for its activities in 2015 in aiding Ted Cruz, and other articles were written around that time regarding the massive use of data mining by all the major political campaigns since the 2008 election, so the story is not actually new. However, the accusations made by the NYT triggered many legislators to call for regulation, thus making the markets fearful that this would undercut a major source of revenue for not only Facebook, but also other social media giants. Here’s what to expect.