Facebook Recovers Losses from False Instagram Story
It took a few days to sort through the rumors running rampant on the Internet concerning the mass exodus from Instagram, but it looks like the truth has finally caught up and overtaken the false allegations. In doing so, Facebook?s stock recovered from a previous 2.9% drop and closed out the week almost unchanged. Rumors or misinterpreted information can have devastating effects on the bottom line and in this case could have cost Facebook stockholders $1.5 Billion dollars.
(Mark)Twain had it right when he said that the truth can?t even find its pants before a lie has been around the world. This morning we saw some of that.
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Posted by Al 12:04 PM (CST)??Source: http://www.hardocp.com/news/2012/12/30/facebook_recovers_losses_from_false_instagram_story/
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