RECORD FALLING OF FACEBOOK STOCK
The social network Facebook in just 2 hours lost about 130 billion dollars of market value, and its founder Mark Zuckerberg – 16.8 billion dollars. This case has already been called the sharpest drop in Facebook stock for the entire period of its existence.
The company lost 24% of its stock, which also led to decrease in stock other networks – Twitter and Snap.
Stocks plummet triggered a report, which spoke of a slowdown in revenue growth. Quarterly Facebook revenue was $ 12 billion, which was lower than the planned figures.
CFO of Facebook David Weiner said: “We expect our revenue growth rates to decrease in the third and fourth quarter compared to previous reporting periods.”
If Facebook stock continue to fall, Mark Zuckerberg maybe will lose his third place in the list of the world’s richest people.