Facebook's earnings disaster erased $120 billion in market value

Started by walkstall, July 26, 2018, 07:53:44 PM

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walkstall

Could not happen to a nicer company.   :rolleyes:   :lol:


Facebook's earnings disaster erased $120 billion in market value — the biggest wipeout in US stock-market history.


snip~
Facebook's  stock tanked after a disappointing second-quarter earnings report that saw the company miss revenue expectations and warn of slowing growth ahead.
• Shares traded 19% lower on Thursday, wiping out $120 billion in market value. It marked the biggest single-day drop in US stock-market history.


more @
https://www.businessinsider.com/facebook-stock-price-earnings-report-market-value-on-pace-for-record-drop-2018-7


A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

supsalemgr

The run up was the aberration. This is just returning to reality.
"If you can't run with the big dawgs, stay on the porch!"

taxed

Quote from: supsalemgr on July 27, 2018, 03:58:51 AM
The run up was the aberration. This is just returning to reality.

To me, that IPO is up there with Solyndra.  It never sat right with me.
#PureBlood #TrumpWon