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Facebook is trading some 16.6% lower from its Feb. 2 peak as tighter regulation and user backlash concerns continue to swirl around CEO Mark Zuckerberg in the wake of the social media giant's data scandal.
Jim Cramer calls it a tsunami of selling. Not one sector of the stock market got a break in Thursday's tariff-inspired decline.
The Trump Administration's plans for tariffs on Chinese tech products could invite retaliation and spell higher costs for U.S. tech firms. But many also haven't been entirely happy with the status quo, either.
Ugly as Thursday was, it's the kind of market that sets up great trading opportunities.