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Facebook's $100 billion-plus rout is the biggest loss in stock market

     
2:10 am on Jul 27, 2018 (gmt 0)

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Facebook on Thursday posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report.

The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet.

No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close.


[cnbc.com...]
2:57 am on July 27, 2018 (gmt 0)

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I knew something like this might happen after I pulled my page off Facebook.
6:24 am on July 27, 2018 (gmt 0)

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Other trading reports I've read put the loss between $100B and $150B... for same of argument, only two other companies came that close, both in 2000 (these were one day loses that led to immense devaluations):

Intel -90B
MS -80B

Looks like Zuck remains first in just about everything in tech. :)
11:28 am on July 27, 2018 (gmt 0)

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Facebook aligns records after records.
 

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