https://medium.com/swlh/mark-zuckerberg-facebook-stock-drop-shouldnt-step-down-a4277737152e

Yesterday, Facebook lost around $120 billion, and the internet cheered. That might sound like a nothing-burger like many of Facebook’s losses have been, but it wasn’t: It was nearly 20% of their total value (about as much as the entire worth of Mcdonald’s) and it disappeared in an afternoon, marking one of the biggest single-day collapses for a publicly traded company ever. After being marred by political, privacy, and even word-vomit scandals, Facebook’s invincibility finally fell away. And with their armor down, standing naked in front of the world, they finally learned the cost of all the problems they’ve caused.

But here’s an unpopular opinion: Months ago, after all of the Cambridge Analytica scandal had broken, and we already knew about their role in the election and fake news, Mark Zuckerberg told us all that he planned on significantly increasing Facebook’s investment in security, and would add thousands of new employees to help that cause. This is what he told the US Congress in April: