Facebook's $100 billion-plus rout is the biggest loss in stock market history

Mar 2018
751
257
Rosebud
Fakebook taken down a few notches. We all know who really runs them, and to a lesser degree Twitter. No? The deep state.


Facebook on Thursday posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report.

The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet.

No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close.
More, please.


https://www.cnbc.com/2018/07/26/facebook-on-pace-for-biggest-one-day-loss-in-value-for-any-company-sin.html
 
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RNG

Forum Staff
Apr 2013
40,112
27,933
La La Land North
As he slowly raises his periscope from his hidden bunker getting his very limited perspective of the world.
 
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Feb 2017
318
115
Cerritos
This because of the fake ads on Facebook, making Mark Zuckerberg go on Capitol Hill, and now, his stock shred into pieces, making NASDAQ’s composite index go down. It looks like a mountain climber falling off the cliff.


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Mar 2018
751
257
Rosebud
It has been known for decades the the Washington Post is the go to source for the deep state to get their spin out there. In the 21st century, which has yet to make it to Canada, the deep state uses Fakebook, and to a lesser extent Twitter.

Panic setting in, will they move to save Fakebook? Zuckerberg may be removed,
 
Jun 2018
6,606
1,538
South Dakota
This doesn't address the advert revenue loss due to the erasure of all the fake accounts. Celebs lost hundreds of thousands of fake "friends" as a result of the purge. Just more confirmation of the phony nature of FB.
 
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RNG

Forum Staff
Apr 2013
40,112
27,933
La La Land North
It has been known for decades the the Washington Post is the go to source for the deep state to get their spin out there. In the 21st century, which has yet to make it to Canada, the deep state uses Fakebook, and to a lesser extent Twitter.

Panic setting in, will they move to save Fakebook? Zuckerberg may be removed,
We do have 4G up here. How else would the igloos communicate with each other?