Facebook’s $100 Billion Loss Biggest in Stock Market History
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Facebook last Thursday was seen to had posted what is considered to be biggest one-day loss in market value by any company in the history of the US stock market after releasing its quarterly report which was described as “disastrous”.
The social network’s market capitalization plunged from $630 down to $510 billion, with stock prices falling down 19%.
Records show that Facebook is the only company in US stock market history to lose more than $100 billion in a day. Prior to this, the biggest single-day loss was posted by Intel in September of 2000, which amounted to around $90 billion.
Source: CNBC