Facebook shares sink on perfect storm of bad news

Facebook shares sink on perfect storm of bad news

6 years ago
Anonymous $dicfOfy7s2

https://phys.org/news/2018-07-facebook-storm-bad-news.html

Shares in Facebook plummeted 19 percent to close at $176.26 Thursday, wiping out some $100 billion—believed to be the worst single-day evaporation of market value for any company.

The plunge came one day after the firm missed revenue forecasts for the second quarter and warned that growth would be far weaker than previously estimated.

Facebook shares sink on perfect storm of bad news

Jul 27, 2018, 2:18pm UTC
https://phys.org/news/2018-07-facebook-storm-bad-news.html > Shares in Facebook plummeted 19 percent to close at $176.26 Thursday, wiping out some $100 billion—believed to be the worst single-day evaporation of market value for any company. > The plunge came one day after the firm missed revenue forecasts for the second quarter and warned that growth would be far weaker than previously estimated.