Jul 26, 2018 - Technology
Facebook's big fall
Facebook shares fell nearly 19% on Thursday, or $41.24 per share, wiping out more than $119 billion in value. Within that is a $15 billion hit for founder and CEO Mark Zuckerberg.
- This came after Facebook reported slower revenue and user growth in the second quarter.
- The big losses came in aftermarket trading yesterday, but Facebook was unable to make up much ground during today's session.
- Facebook stock is now underwater for 2018.