Facebook’s stock market decline is the largest one-day drop in US history

Facebook’s stock market decline is the largest one-day drop in US history

6 years ago
Anonymous $RBasgWKaIV

https://www.theverge.com/2018/7/26/17619424/facebook-stock-market-decline-largest-ever

After a surprisingly weak growth forecast in this week’s earnings report, Facebook’s stock price dropped 19 percent today. The decline, which erased about $120 billion in market value, is the largest one-day drop in the history of the American stock market.

Facebook shares fell as much as 23 percent in after-hours trading Wednesday, when Facebook reported its second quarter earnings. While revenue increased 42 percent in the quarter, it still missed analysts’ projections.

Facebook’s stock market decline is the largest one-day drop in US history

Jul 26, 2018, 9:46pm UTC
https://www.theverge.com/2018/7/26/17619424/facebook-stock-market-decline-largest-ever > After a surprisingly weak growth forecast in this week’s earnings report, Facebook’s stock price dropped 19 percent today. The decline, which erased about $120 billion in market value, is the largest one-day drop in the history of the American stock market. > Facebook shares fell as much as 23 percent in after-hours trading Wednesday, when Facebook reported its second quarter earnings. While revenue increased 42 percent in the quarter, it still missed analysts’ projections.