Facebook's Black Thursday

Published on: July 30, 2018 / Updated on: September 13, 2018 – Author: Konrad Wolfenstein

Facebook's second-quarter results were poorly received by investors. According to Investopia almost $120 billion in market capitalization in a very short period last Thursday. As the graphic shows, no other US company has ever experienced such a disastrous day. Besides stagnant user numbers in the US and Europe, a revenue warning is considered a key reason for this enormous destruction of capital. Facebook now expects revenue growth to slow.

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