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Dow Jones: Privacy Scandals Led to Facebook’s S&P 500 ESG Ouster

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S&P Dow Jones revealed the embarrassing reason it booted Facebook stock from the S&P 500 ESG Index. Facebook’s cornucopia of privacy scandals caused its ESG score to plunge to alarming levels. The same day that Dow Jones kicked FB out of the index, Mark Zuckerberg pledged to make Facebook a champion of privacy rights. By CCN Markets: It’s not clear which privacy snafu broke the camel’s back, but scandal-ridden Facebook stock now finds itself on the outside looking in at a key S&P Dow Jones sustainability index, the S&P 500 ESG. Facebook wasn’t the only major tech stock to

The post Dow Jones: Privacy Scandals Led to Facebook’s S&P 500 ESG Ouster appeared first on CCN Markets

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* First published on ccn.com

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