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Detailed text transcripts for TV channel - FOXNEWS - 20180727:04:39:00

of problems for social media giants. the problem started with a disappointing earnings call,l facebook admitted a combination of privacy concerns and new personal data handling rules that went into effect in in the european union resulted in a loss of a few million users and the ability to target ads as precisely as they could just a few months ago. you mix that in with the simmering worries of users here in the u.s. following the cambridge analytica scandal and the wind has blown the house of cards down. $100 billion down. the stock drop is the largest drop in value in wall street history. facebook stock closed down 19%, its lowest in nearly three months. a little further up the peninsula and san francisco, twitter dealing with bad news. vice news reporting that twitter was shadow banning some prominent republicans. when you searched for users like congressman jim jordan or g.o.p.

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