A
Andy Meek
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The day after it reported disappointing earnings for the second quarter and its stock dramatically crashed, Facebook saw about $120 billion wiped from its market cap in trading on Thursday. That saw Facebook break a stock market record, but you're probably not going to see Mark Zuckerberg updating his CV any time soon.
Until now, no company in the history of the U.S. stock market has ever seen $100 billion of its market value get vaporized in a single day. To find a comparable loss to Facebook's today, you have to go all the way back to Sept. 22, 2000, when Intel's market value lost a little more than $90 billion in a day.
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Yikes: Facebook just suffered the biggest one-day loss in stock market history originally appeared on BGR.com on Thu, 26 Jul 2018 at 16:10:29 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report
The day after it reported disappointing earnings for the second quarter and its stock dramatically crashed, Facebook saw about $120 billion wiped from its market cap in trading on Thursday. That saw Facebook break a stock market record, but you're probably not going to see Mark Zuckerberg updating his CV any time soon.
Until now, no company in the history of the U.S. stock market has ever seen $100 billion of its market value get vaporized in a single day. To find a comparable loss to Facebook's today, you have to go all the way back to Sept. 22, 2000, when Intel's market value lost a little more than $90 billion in a day.
Continue reading...
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Yikes: Facebook just suffered the biggest one-day loss in stock market history originally appeared on BGR.com on Thu, 26 Jul 2018 at 16:10:29 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report