Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Tsing Micro Raises Over 2 Billion Yuan in State-Backed Round as China Ramps Up AI Chip Push
China’s AI Chip Leaders Ride IPO Wave Amid Drive for Tech Self-Sufficiency
LATEST
China’s AI Chip Leaders Ride IPO Wave Amid Drive for Tech Self-Sufficiency
Tsing Micro Raises Over 2 Billion Yuan in State-Backed Round as China Ramps Up AI Chip Push
Synthetic Biology at Scale Could Reshape Food and Materials Systems, Expert Says
ByteDance in Talks With Smartphone Makers to Embed AI Assistant
Lenovo Executive Urges AI Startups to Take On Tech Giants
Infinigence AI Raises 500 Million Yuan to Expand Heterogeneous Computing Platform
Alibaba’s Quark Unit Launches AI Glasses Powered by Qianwen Model
Pony AI Plans to Triple Robotaxi Fleet to 3,000 by 2026 as Revenue Jumps
China’s Semiconductor Software Push Gains Traction Amid U.S. Curbs
Alibaba Scales Back Retail Spending, Dismisses AI Bubble Fears
Huawei Slashes Flagship Phone Price Amid Slowing Shipments
China’s CXMT Takes Aim at Global Leaders With High-End DDR5 Memory Chips
Alibaba’s Profit Plunges 72% on Costly Foray Into Instant Retail
Xiaomi, Founder Stem Stock Rout With $115 Million Buyback
Analysis: Soaring Legacy Chip Prices Spark Windfall — and Risk — Across Supply Chain
Alibaba, Ant Race to Catch Rivals in China’s AI App Boom
New Flight System Targets ‘Blind Spots’ in China’s Low-Altitude Economy
Cover Story: The AI Boom’s Unsettling Paradox
AI Keeps China, U.S. From Decoupling Despite Trade Tensions, Insiders Say
Wingtech Demands Return of Nexperia Control After Dutch Freeze Pause

By Coco Feng / Nov 26, 2018 05:24 PM / Business & Tech

Graphic: Caixin

Graphic: Caixin

Whenever Facebook has a public relations crisis, its market cap dips below Alibaba's.

At least that’s how it’s happened, twice this year. The American social media empire’s troubles pulled down its market cap below that of Alibaba’s, for two days last week.

Facebook has been defending itself over alleged misuse of user data and the spread of misinformation on its platforms ever since the 2016 U.S. elections. But its shares tumbled further last week following a New York Times report about the company hiring a lobbying firm to push negative stories about its critics.

It’s Facebook’s second such round of depreciation this year. Between late March and early April, its market cap was also overtaken by Alibaba after Facebook founder Mark Zuckerberg publicly addressed reports that it had misused user data.

 


Share this article
Open WeChat and scan the QR code