Facebook Drags Down NASDAQ, Loses More Value in One Day Than Any US Stock in History

After a series of public relations crises over user privacy and censorship, Facebook dropped 19 percent and lost $120 billion of market value in a single day on July 26, taking the biggest hit in US stock market history. MarketWatch reported that the company had “lower-than-expected quarterly revenue, slowing user growth and weak guidance.” As […]

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