Watch Facebook Experiences Biggest Loss In Stock Market History News Video

31 sec read

“Facebook has made stock market history on Thursday — for all the wrong reasons.

“The social media titan lost nearly $119.4 billion in value in one day as investors, spooked by a “startling” slowdown in the company’s growth, ran for the exits.

“Facebook shares tumbled 19 percent, to $176.26.

“Investors in pension funds, hedge funds and mutual funds will surely feel some pain — but none greater than founder and Chief Executive Mark Zuckerberg, whose net worth fell by roughly $16 billion.

“That was enough to bump the tech mogul from the No.3 richest person in the world down to No. 6, at $67 billion.

“Facebook’s drop was the largest one-day loss in value of any publicly traded company in history, beating out the roughly $91 billion that Intel lost in September 2000.

“Adjusted for inflation, however, Intel’s drop still takes the top spot, at almost $136 billion.”

Read more at NY Post

Watch New “Transformers One” Official Movie Trailer Video |…

“”Transformers One” aims to return the long-running ‘Robots in Disguise’ franchise to its animated roots, and it could be more than meets the eye....
JM
23 sec read

Watch Dickey Betts of the Allman Brothers Band Dead…

“Dickey Betts, a founding member of the renowned rock group the Allman Brothers Band, died at at his home in Osprey, Fla. on Thursday....
JM
16 sec read

Watch Who Sung It Better: JoJo Siwa or Brit…

“From her new “Karma” music video to her getup at the iHeartRadio Music Awards, it’s clear JoJo Siwa is signaling a new era. “The...
JM
17 sec read