Stories

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.

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