Facebook's Cambridge Analytica scandal meant 'buy' for one top investment fund
Embattled social media giant Facebook just got a boost from heavy hitting investment firm Sequoia Fund. Sequoia Fund, which is valued at $4.2 billion, has bought a small stake in Facebook. Ruane, Cunniff & Goldfarb, Sequoia’s investment manager, announced to clients in a letter last week that it bought the stake toward the end of the first quarter, following the revelations surrounding the Cambridge Analytica scandal.
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