Friday’s gains mark a complete recovery from March, when Facebook shares hit a 52-week intraday low of $149.02 per share, following reports the company mishandled data from about 87 million users.
Facebook’s data woes are far from over, although investors no longer seem concerned. On Monday, the social media company confirmed that the FBI, SEC, and FTC have all joined the Justice Department in asking questions about user data being improperly shared with political consulting firm Cambridge Analytica.
Facebook shares dipped after the reports, but made a strong comeback later in the week. The stock has gained about 15 percent so far in 2018.
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