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Saturday, July 28, 2018

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

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.

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6 comments:

  1. AnonymousJuly 28, 2018 at 7:16 AM

    Lick me on Facebook!

    ReplyDelete
  2. AnonymousJuly 28, 2018 at 8:13 AM

    Good. Not a fan of liberal run hate companies.

    ReplyDelete
  3. bob pintoJuly 28, 2018 at 8:16 AM

    Something is seriously wrong when a mere social platform is rated at half a trillion dollars.

    Really?

    A business that contributes nothing to the well-being of mankind.....

    ReplyDelete
  4. AnonymousJuly 28, 2018 at 9:01 AM

    Couldn't happen to a more deserving corporation.

    ReplyDelete
  5. AnonymousJuly 28, 2018 at 9:31 AM

    Hooray!

    ReplyDelete
  6. AnonymousJuly 29, 2018 at 9:29 PM

    Time to buy stock. This world is crazy.

    ReplyDelete

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