Facebook is trading at its best level since the Cambridge Analytica data scandal

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Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California.

• Facebook is trading at its best level since the Cambridge Analytica data scandal broke.
• Shares are about 3% below where they were when the news broke.
• Watch Facebook trade in real time here.

Facebook shares are close to erasing the losses that developed in the wake of the Cambridge Analytica data scandal. They're trading up 1.41% at $179.10 apiece

News of the data scandal broke on March 19, and Facebook stock tumbled immediately, shedding $50 billion of market cap in two days before eventually sliding briefly into bear market territory.

Shares were also pressured by concerns of increased regulation from the European Union and the Federal Trade Commission and on concerns usership would decline.

But after Facebook rallied following blow-out first-quarter earnings, sentiment on the stock seems to have turned around.

Shares Monday are trading at their strongest levels since the scandal broke, and are just more than 3% below their levels when news of the scandal first surfaced.

Facebook is up 1.5% this year.

Markets Insider