Facebook: shares gain ground after new privacy measures

(CercleFinance.com) - Shares in Facebook are finally gaining ground once again on Wednesday after the social network company said it would be taking additional steps in the coming weeks "to put people more in control of their privacy.
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The measures proposed will help customers control their data by adding more layers of protection to their account, such as two-factor authentication.

New tools have also been designed so users can find, download and delete their Facebook data, such as posts, reactions, comments, and things searched for.

In a statement released on Wednesday, Facebook said it will have "more to share" in the coming weeks.

These announcements support the stock's investment case, for analysts who said that the share offered a buy opportunity following the Cambridge Analytica scandal that broke out last week.

Thus SYZ Asset Management analysts maintain their buy rating on the stock.

The latest episode that has just happened will serve to catalyse the company's turn towards a more humane and secure network, said the Luxembourg-based asset manager.

After rising by up to 2.7% today, the shares are currently up slightly (+0.9%) at 152.35 dollars.



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