<span style="color: #222222;">The shares of Facebook plunged in the biggest one-day drop in stock-market history yesterday. The 19 per-cent drop vaporized 119 billion US dollars of the company's stock-market value, resulting into CEO Mark Zuckerberg's worth fall by roughly 16 billion dollars.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">It was Facebook's worst trading day since going public in 2012, eclipsing Intel's decline of&nbsp; 91 billion US Dollars in September 2000.</span><br />'' <br />'' <span style="color: #222222;">On Wednesday Facebook warned that its revenue growth would slow down significantly for at least the remainder of the year.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">The collapse returned Facebook shares to a level last seen in early May when it still recovering from an earlier battering over its big privacy scandal.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">A political consulting firm with ties to President Donald Trump improperly accessed the data of tens millions of Facebook users.</span><br />''&nbsp;<br />
News On AIR | July 27, 2018 8:17 AM
Facebook market value plunges 119 billion in biggest loss in stock market history