On Monday, stocks dropped with the S&P and Nasdaq suffering their worst day in just over five weeks. This as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares.
Facebook shares tumbled 6.8 percent. Chief Executive Mark Zuckerberg faced calls from both U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump’s election campaign gained access to data on 50 million Facebook users.
The stock had its worst day since March 2014. it was down 10.8 percent from its closing record hit on Feb. 1.