Facebook Down $80 Billion In Market Value; Playboy, SpaceX, Tesla Hit Delete

Companies such as Playboy and Space X have deleted their official Facebook pages amid the Cambridge Analytica scandal. The social media giant is losing more than just profiles: Its market value has decreased by $80 billion.

Facebook’s stock has plunged 18 percent, and companies with large followings on the site are threatening the social media platform’s ad revenue by deleting their official pages.

(Image credit: Chandan Khanna/AFP/Getty Images)