Facebook, Inc. (FB) CEO Mark Zuckerberg finally broke his silence regarding the data scandal involving Cambridge Analytica, and the general consensus seems to be simple: not good enough. Multiple analysts cut their price targets for Facebook stock following his statement, although a few perma-bulls are convinced that he took a good first step toward regaining users’ and investors’ trust.
Advertisers are an entirely different category, however. Today, it was revealed that a trade body representing big advertisers in the U.K. plans to meet with Facebook management and demand assurances while threatening to tell advertisers to spend their budgets elsewhere.
A “reasonable” statement from Mark Zuckerberg