Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Tech Brief (Oct. 15): Google to Invest $15 Billion in India for AI Hub
China Debuts Ultrafast Oscilloscope in Drive to Break Tech Barriers
LATEST
China Debuts Ultrafast Oscilloscope in Drive to Break Tech Barriers
Tech Brief (Oct. 15): Google to Invest $15 Billion in India for AI Hub
Tech Brief (Oct. 13): Wingtech Temporarily Loses Control of Dutch Chipmaker Nexperia
Tech Brief (Oct. 10): China’s AI Server Market Doubles
Tech Brief (Oct. 9): SoftBank to Acquire ABB’s Robotics Business
Tech Brief (Sept. 30): U.S. Widens Export Blacklist
U.S. Tightens Export Controls to Cover Subsidiaries of Blacklisted Firms
DeepSeek Unveils New Model With Sparse Attention, Slashes API Costs
Tech Brief (Sept. 29): Meituan’s Food-Delivery Platform Keeta Launches in Dubai
Chinese Chipmaker Moore Threads Gets Fast Track Approval to $1.1 Billion IPO
Chinese Drone Maker XAG Files for Hong Kong IPO After First Annual Profit
GPT Weekly: Nvidia to Invest $100 Billion in OpenAI
Tech Brief (Sept. 26): Trump Approves TikTok Deal
Xiaomi Ups the Stakes in Premium Market With iPhone-Style 17 Series
Yangtze Memory’s Parent Restructures to Pave Way for IPO Amid Sanctions Pressures
Tech Brief (Sept. 25): Alibaba Launches AI Models
Alibaba Bets Big on ‘AI + Cloud’ With New Models, Nvidia Deal
GlobalFoundries Boosts U.S. Investment, Adds China Fabs to Meet Auto Chip Demand
Tech Brief (Sept. 24): Mercedes-Benz, ByteDance Partner on In-Car AI
Tech Brief (Sept. 23): Nvidia Plans $100 Billion Investment in OpenAI for AI Data Centers

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