Jul 26, 2018 - Technology

Facebook's big fall

Dan Primack, author of Pro Rata

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.

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Data: Money.NET; Chart: Harry Stevens/Axios
  • 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.

Go deeper: Why Facebook's shellacking spells danger for all stocks

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Fadel Allassan
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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

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Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

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Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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Rashaan Ayesh
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Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

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Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.

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