https://wccftech.com/facebook-stock-price-dip-largest-in-us-stock-market-history-nasdaq-facebook-120-billion-value/

Everyone’s favorite social network Facebook reported its second-quarter earnings this Wednesday. While the company reported a growth in all markets, its overall revenues missed analyst estimates. The results spelled out disaster for its market value, despite the company heading into Wednesday with a share price of $217.50. Facebook’s share price dropped by 7% after the earnings release and then proceeded to deep-dive during and after its earnings call.  Take a look below for more details.

Over the course of the past 12 months, the stars are definitely out of alignment for the social networking behemoth. Earlier this year its CEO Mark Zuckerberg was grilled by the House and Senate subcommittees after discoveries of data misuse by third parties. Then, Facebook (NASDAQ:FB) and other companies in Europe were hit by the GDPR. Now, the cumulative effect of all these events is finally starting to manifest itself in the company’s market value.