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Facebook Loses Almost $50 Million In Stock Market Value

Facebook has lost almost $50 million in stock market value in the last two days and is facing increased pressure over its data mining scandal including government investigations.

Facebook CEO Mark Zuckerberg broke his silence Wednesday afternoon, days after his social media site was accused of data abuse. In a Facebook status, Zuckerberg admitted that his company made mistakes and outlined ways he plans on fixing things.

“We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you,” he wrote.

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