FACEBOOK SUFFERS WORST WEEK IN COMPANY HISTORY

THE COST OF USER DISSATISFACTION.

The social media platform’s recent quarterly earnings report showed it lost approximately a million monthly users and 3 million daily users in Europe, and experienced no user growth in the US, sending Facebook shares down 24% and Mark Zuckerberg’s net worth plummeting by US$17 billion. According to Zuckerberg, the implementation of the EU’s General Data Protection Regulation (GDPR) is to be blamed.