Dirhams & Dollars

Remember when social media used to be fun? Now, it’s causing political scandals, and giving a platform to some of the most caustic voices on the internet. It’s even been used to start trade wars. All this bad mojo has made investors think twice, too. Last week both Facebook and Twitter both saw their stock values drop 20 per cent, shaving almost $120 billion off of Facebook’s value alone. Could social media finally be wearing out its welcome? It may seem unthinkable, but it’s clear change is in the wind.