A $1.4 Billion Hedge Fund Is Looking Past Facebook’s Data Troubles

(Bloomberg) Facebook Inc. may be under global scrutiny amid a data breach scandal, but its fundamentals remain intact. Such is the thinking of Eric Bannasch, the founder of the $1.4 billion hedge fund Cadian Capital Management. Facebook has lost 14 percent since mid-March amid concern about how the company handles its users’ personal data.

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