Bloomberg |
Facebook Shares Plunge as Growth Stalled by Scandal, Regulation
Bloomberg Facebook Inc.'s scandals are finally hitting the company where it hurts: growth. Facebook's second-quarter results caused shares to plunge as much as 24 percent in after-hours trading, with the social media company's market value falling by $151 ... What happened on Facebook's nightmare conference call that wiped out nearly $150B in market value in 90 minutes Facebook just shed $130 billion in two hours, Mark Zuckerberg lost $16.8 billion Facebook's Grim Forecast: Privacy Push Will Erode Profits For Years |
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