Victor Anthony, internet media managing director at Aegis Capital, discusses the outlook for Facebook Inc. following the controversy over the social network’s privacy practices.
He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg Markets: The Open.”
Facebook is losing credibility and share prices are tumbling.
What’s coming could be worse as a probe looks to widen and reports emerge the company could be fined $2trn, according to MSNBC TV.
Can Mark hold his ground in front of US Congress?