The Week Ending March 23
Topping this week's roundup of those having a rough week is Facebook, which found itself in the middle of a firestorm of criticism following reports that Facebook user data was shared with a political consulting firm that used the information for targeting political ads.
Also making the list this week are Micro Focus, which reported lower revenue forecasts – and saw its CEO resign – due to problems in combining the company with Hewlett Packard Enterprise's software business. Also on the list are travel site Orbitz, whose site suffered a security breach that exposed data on 880,000 credit cards; Huawei, for losing Best Buy as a route to market in the U.S. for its products; and IBM for a report that it discriminated against older workers in layoffs.
Not everyone in the IT industry was having a rough go of it this week. For a rundown of companies that made smart decisions, executed savvy strategic moves – or just had good luck – check out this week's 5 Companies That Came To Win roundup.