In the wake of the Cambridge Analytica scandal, Bloomberg is reporting that Facebook Inc. has lost over $60 billion in market value in just 2 days. To put that in perspective, Tesla Inc. is worth $52 billion, and Snap Inc, Snapchat's parent company is worth about $19 billion. We will just have to wait and see how low Facebook's value can go, and if the company will recover from this. Two days ago we reported that if Facebook did violate an FTC privacy deal, they could face fines around $2 trillion dollars, which I would assume, would hurt their stock price further. Thanks to cageymaru for the story. Facebook shares tumbled 6.8 percent on Monday, the most in almost four years, and the selloff resumed on Tuesday with news that the U.S. Federal Trade Commission is reportedly investigating the handling of user data, and a report that Chief Security Officer Alex Stamos plans to leave. Shares fell 4.7% to $164.51 at 2:23 p.m. in New York.