Facebook just shed $130 billion in two hours, Mark Zuckerberg lost $16.8 billion

Facebook just shed $130 billion in two hours, Mark Zuckerberg lost $16.8 billion

SAN FRANCISCO — Facebook lost about $130 billion in market value in just two hours, its steepest stock decline ever, after warning of slowing sales growth.

The stock, which plunged as much as 24% in after-hours trading Wednesday, had a cascading effect on competitors Snap and Twitter, which dropped, too. Traders are bracing for a decline in tech stocks when the markets open Thursday.

https://www.usatoday.com/story/tech/2018/07/25/facebook-catches-cambridge-analytica-chill-user-growth-slows/837683002/

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