Facebook just hit an all-time high (FB)

pulse

June 18, 2018 8:42 PM

Facebook hit an all-time high Monday, less than two months after the Cambridge Analytica data scandal pushed it into a bear market.

Less than two months ago shares tumbled into a bear market following news of the Cambridge Analytica scandal.

Facebook hit a record high Monday, trading up more than 1%.

Shares touched a record $199.58 less than two months after the Cambridge Analytica disaster sent shares into a bear market.

The recently rally has largely been powered by a first-quarter earnings report in April that impressed Wall Street, sending shares up almost 8% in a single day. The social-media giant blew past Wall Street expectations on almost every metric for the quarter, in the midst of some concern that users would flee the platform over the data scandal.

In early June, Facebook managed to shrug off additional news that the company

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