TECH
Facebook market value plunges by nearly $150B
By Nicolas Vega
July 25, 2018 | 10:06pm
Shutterstock
Mark Zuckerberg could certainly use an asbestos suit.
Facebook shares were torched in after-hours trading on Wednesday, tumbling more than 20 percent after the social network revealed fewer daily and monthly users than expected in the second quarter — and forecast 2018 growth much lower than Wall Street forecast.
The sell-off wiped out nearly $150 billion from Facebook’s market cap and, faster than you can say, “Move fast and break things,” erased roughly $20 billion from the tech mogul’s wealth.
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READ MORE: https://nypost.com/2018/07/25/facebook-market-value-plunges-by-nearly-150b/
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