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  • Writer's pictureJulie Skye

When you play with fire...

...sooner or later you will get burned. While Facebook is on the firing line with users and investors alike, advertisers are standing pat: the stock has re-bounded to pre-crisis levels.

Today, Responsible Investor reported; "Calvert Research and Management has divested Facebook over its recent data leak. The $14bn asset manager, which was recently bought by Eaton Vance Corp, exited the stock after the Cambridge Analytica scandal. According to reports, CEO John Streur said the incident was “a tipping point”, as Calvert was considering remaining invested and taking the shareholder engagement approach. Instead, it sold its 500,000 shares in the corporation last month."

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