Facebook Just Lost More Than Tesla’s Entire Market Cap in 2 Days

Facebook Inc.’s privacy crisis has turned into a shareholder crisis.

The social media giant has lost over $60 billion in market value over the past two days, following revelations that personal data of millions of users was obtained by a data analytics firm. That’s more than the market capitalization of Tesla Inc. at around $52 billion or three times that of Snapchat owner Snap Inc. at about $19 billion.

Facebook shares tumbled 6.8 percent on Monday, the most in almost four years, and the selloff resumed on Tuesday with news that the U.S. Federal Trade Commission is reportedly investigating the handling of user data, and a report that Chief Security Officer Alex Stamos plans to leave. Shares fell 4.7% to $164.51 at 2:23 p.m. in New York.

The two-day rout is the worst since July 2012, the year of Facebook’s initial public offering at $38 a share.

Cambridge Analytica CEO claims influence on U.S. election, Facebook questioned

LONDON/SAN FRANCISCO (Reuters) – The suspended chief executive of Cambridge Analytica said in a secretly recorded video broadcast on Tuesday that his UK-based political consultancy’s online campaign played a decisive role in U.S. President Donald Trump’s 2016 election victory.

Salesforce to buy MuleSoft for $5.9 billion

(Reuters) – Salesforce.com Inc said on Tuesday it would buy U.S. software maker MuleSoft Inc for about $5.90 billion in a cash-and-stock deal, illustrating CEO Marc Benioff’s push to bolster the company’s cloud-based portfolio with new technology.

Windows Server 2019 coming later this year, out now in preview

The next version of Windows Server will be branded Windows Server 2019, and it’ll be out in the second half of the year.

This isn’t tremendously surprising, as it fits with the schedule Microsoft has already committed to that splits Windows between a Long Term Servicing Channel (LTSC), with 10 years of support and a release every three years, and a Semi-Annual Channel (SAC) with 18 months of support and a release every six months. Windows Server 2019 will be an LTSC release, and it’ll also have a corresponding Windows 10 release.

Highlights of the next version will be the new Project Honolulu Web-based interface, the integration the Windows Subsystem for Linux, and greater support for containers.

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