Facebook shows great resiliency in the face of a major scandal

You might have thought that Facebook subscribers would be deleting the app in droves following the Cambridge Analytica scandal. After all, at least 87 million members had their personal information used without permission. But since the news about the scandal first broke, Facebook has since found religion. The social network instituted some new rules, and suspended over 200 apps.
Shares of Facebook have also been resilient. From a price of $185.09 on March 18th, the day before the scandal broke, the stock traded as low as $149.02 on March 26th before closing Friday at $182.68. This means that Facebook's valuation has declined by only 1.3% during the worst period of publicity that the company has ever faced.
source: BusinessInsider