Facebook stock at all-time high despite data breaches
San Francisco, July 7 : Despite the massive Cambridge Analytica data scandal and a couple of users' privacy issues owing to internal bugs, Facebook stock closed at an all-time record high of $203.23 on Friday.
Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 when it was under an intense probe over data breach from the US and European governments, Fortune reported.
Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League.
The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia -- Thailand, Vietnam, Cambodia and Laos -- from 2019 until 2022, in a deal worth about $264 million.
Since going public in 2012, Facebook has seen its stock rise more than 400 per cent.
In the latest privacy goof-up, Facebook admitted that over 800,000 users were affected by a bug on its platform and Messenger that unblocked some people the users had blocked.
The bug was active between May 29 and June 5 -- and while someone who was unblocked could not see content shared with friends, they could have seen things posted to a wider audience, said Facebook.
Facebook has already been grappling with privacy issues like the Cambridge Analytica data scandal involving 87 million users and another bug that changed 14 million users' privacy setting defaults to public.
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SRH knocked out of play-off race after washout against DC
Hyderabad, May 5 (PTI): Sunrisers Hyderabad were eliminated from the play-offs race after their Indian Premier League fixture against Delhi Capitals was called off due to heavy rain following the first innings here on Monday.
Pat Cummins-led SRH pace attack ran through the DC batting line-up to limit the visitors to 133/7 before rain dashed the slim hopes of the home team. Both teams shared a point each for the abandoned game.
With 13 points from 11 games, DC remain in contention for a top-four spot.
After reaching the final last year, it was a season to forget for SRH who could not replicate their ballistic run of 2024 with the bat. Having collected only seven points from 11 matches, SRH will now be playing for pride.
Chennai Super Kings and Rajasthan Royals were already eliminated from the competition.
Before rain lashed the Rajiv Gandhi Stadium, the hosts put up a clinical effort with the ball and were on course for only their fourth win of the season until rain arrived, creating large puddles of water on the outfield. The match officials decided to call off the game at 11.10 pm local time.
The shot selection of Delhi Capitals' batters contributed to their downfall after being put in to bat.
They were left reeling at 29 for five in 7.1 overs with captain Cummins causing the maximum damage.
Cummins had Karun Nair caught behind on the very first ball of the match with a good length ball around the off-stump. It was a rather loose shot from the DC batter first up.
Faf du Plessis departed in Cummins' following over, a failed attempt to put the relentless Australian away for a boundary. Not getting any loose ball from Cummins, the South Africa went for a pull on the charge only to be caught by the wicket-keeper.
Cummins' third victim was Abhishek Porel who was caught after mistiming a flick.
Harshal Patel and Jaydev Unadkat then got into the act by dismissing Axar Patel and K L Rahul respectively. The in-form Rahul went for a drive on the up but ended up edging it to Ishan Kishan behind the stumps.
It was one way traffic until Tristian Stubbs (41 not out off 36) and impact player Ashutosh Sharma (41 off 26) combined to take DC to a respectable total. They shared a 66-run stand off 45 balls.
Sharma was able to break the shackles by depositing leg-spinner Zeeshan Ansari for a couple of sixes over long-on in the 15th over.
Stubbs did not look as comfortable as Sharma in the middle but managed to provide much needed support to the latter. The South African could find only four boundaries with the last one coming off the final ball of the innings.
🚨 News 🚨
— IndianPremierLeague (@IPL) May 5, 2025
Match 55 between @SunRisers and @DelhiCapitals has been called off due to wet outfield.
Both teams share a point each.
Scorecard ▶ https://t.co/1MkIwk4VNE
#TATAIPL | #SRHvDC pic.twitter.com/VnVZWjsjGJ
