Facebook's Black Thursday

Published on: July 30, 2018 / Update from: September 13, 2018 - Author: Konrad Wolfenstein

Facebook's numbers for the second quarter were not well received by investors. Within a very short period of time, the largest social network lost almost $120 billion in market value Investopia No US company has ever experienced a similar black day before, as the graphic shows. The reason for this enormous destruction of capital, in addition to stagnating user numbers in the USA and Europe, is a sales warning. Accordingly, Facebook assumes that revenues will no longer increase at the previous pace.

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