Facebook Stock's Familiar Crisis Cycle: Decline, Rebound, Repeat – Yahoo Finance

(Bloomberg) — Facebook Inc.’s shareholders had a rough start to the week, facing an unprecedented global outage of the company’s sites and a damaging interview by a former insider turned whistle-blower that sent the stock down nearly 5% on Monday.Most Read from BloombergLeft-Wing Rage Threatens a Wall Street Haven in Latin AmericaChristmas at Risk as Supply Chain ‘Disaster’ Only Gets WorseBefore Interstates, America Got Around on InterurbansReshaped by Crisis, an ‘Anti-Biennial’ Reimagines ChicagoThis Is What Europe’s Green Future Looks LikeBut as is often the case with Facebook, the dip didn’t last long. The stock rebounded 2.1% Tuesday — despite that same whistle-blower appearing before a Senate subcommittee, claiming the company routinely puts its own profits before user safety. The testimony was powerful enough for Senator Ed Markey, a committee member from Massachusetts, to threaten Facebook’s co-founder and chief executive officer with regulatory control.“Here’s my message for Mark Zuckerberg: Your time of invading privacy, promoting toxic content, and preying on children and teens is over,” Markey said. “Congress will be taking action.”Facebook is also contending with a broader pullback among tech stocks, with investors growing concerned that inflation and raising bond yields could erode the value of future earnings. But if…
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