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Facebook's stock bounces slightly, after suffering worst week in 6 years

Shares of Facebook Inc. FB, -Three.34% rose 0.6% in premarket business Monday, to dance reasonably after struggling their worst week in six years, after the social media massive took out full-page commercials in newspapers over the weekend to say sorry for a "breach of trust" in the wake of a data-privacy scandal. The inventory had tumbled 13.nine% last week, the worst week since it fell 16.5% all over the week ending May 25, 2012. The inventory's worst week was once a 17.6% decline the week ending July 27, 2012, which was once about 2 1\/2-months after it went public. Separately, the company attempted to dispel over the weekend studies that individuals's name and textual content history have been being logged without permission, through pronouncing, "This is not the case." Facebook stated logging name and textual content history was once through users' selection, and was once a characteristic that can be turned off. After last week's selloff, the inventory had misplaced nine.four% during the last 3 months, but was once nonetheless up 13.6% during the last 12 months, whilst the Nasdaq 100 NDX, -2.61% had climbed 21.Three% and the S&P 500 SPX, -2.10% had received 11.5% during the last year.