Shares of Facebook Inc. rose 0.6% in premarket trade Monday, to bounce slightly after suffering their worst week in six years, after the social media giant took out full-page ads in newspapers over the weekend to apologize for a “breach of trust” in the wake of a data-privacy scandal. The stock had tumbled 13.9% last week, the worst week since it fell 16.5% during the week ending May 25, 2012. The stock’s worst week was a 17.6% decline the week ending July 27, 2012, which was about 2 1/2-months after it went public. Separately, the company tried to dispel over the weekend reports that people’s call and text history were being logged without permission, by saying, “This is not the case.” Facebook said logging call and text history was by users’ choice, and was a feature that can be turned off. After last week’s selloff, the stock had lost 9.4% over the past three months, but was still up 13.6% over the past 12 months, while the Nasdaq 100 had climbed 21.3% and the S&P 500 had gained 11.5% over the past year.
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