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Available Expert - Facebook shares plummet, erasing $109 billion from market value

Thursday, July 26, 2018

Queen’s University business and digital marketing expert John-Kurt Pliniussen is available to comment on Facebook losing $109 billion in market value due, in part, to slow user growth in the wake of the Cambridge Analytica data scandal.

“What happened with Blackberry is happening to Facebook,” says Dr. Pliniussen. “It comes as no surprise that shares in Facebook have lost value, and will continue to lose value, because more and more we distrust the social network due to issues around fake news, privacy, and accountability."

“Also, while their Instagram, Messenger, and WhatsApp products remain popular, more and more users are leaving Facebook,” he says.

Dr. Pliniussen is available for interviews between 12 pm and 3 pm EST.

To arrange an interview, please contact communications officer Dave Rideout (613.533.6000 ext. 79648, 613.453.5676, or dave.rideout@queensu.ca) or Anne Craig (613.533.2877 or anne.craig@queensu.ca) at Queen’s University News and Media Services Department in Kingston, ON, Canada.

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