This past July, Facebook lost 19 percent of its stock price in one day, following the Cambridge Analytica revelations. That's just one red flag for investors, who are beginning to divest themselves of data-driven companies, the Financial Times reports. “Data is one of the biggest assets and one [of] the biggest risks for these companies. The platform is not [what is valuable] — it’s the information they hold on people,” Nordea Asset Management's Sasja Beslik told the paper. “The entire sector needs to step up. Data privacy is a material issue and it’s here to stay.” (Registration may be required to access this story.)
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