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Facebook's 19% stock plunge puts the social-media giant on pace for its worst da
Facebook's 19% stock plunge puts the social-media giant on pace for its worst day ever
Facebook Inc.'s shares were tumbling Thursday and putting the Menlo Park, Calif.-based social media behemoth on track for the worst one-day skid in its history. Most recently, Facebook's stock (FB) was down more than 19.4%, which would represent its ugliest single-session decline since it became a publicly traded entity May 18, 2012. The plunge in the company's shares comes after i delivered an earnings report it reported earnings that were weaker than analysts expected, showing slowing user growth, capped by a weaker-than-expected outlook for revenues as it tweaks its business model in the face of its Cambridge Analytica scandal.
https://finance.yahoo.com/m/1239723...75e5/facebook's-19%-stock.html?.tsrc=rss
Facebook's 19% stock plunge puts the social-media giant on pace for its worst day ever
Facebook Inc.'s shares were tumbling Thursday and putting the Menlo Park, Calif.-based social media behemoth on track for the worst one-day skid in its history. Most recently, Facebook's stock (FB) was down more than 19.4%, which would represent its ugliest single-session decline since it became a publicly traded entity May 18, 2012. The plunge in the company's shares comes after i delivered an earnings report it reported earnings that were weaker than analysts expected, showing slowing user growth, capped by a weaker-than-expected outlook for revenues as it tweaks its business model in the face of its Cambridge Analytica scandal.
https://finance.yahoo.com/m/1239723...75e5/facebook's-19%-stock.html?.tsrc=rss
