Facebook has lost $60 billion in value

Facebook is having a bad day… for the second day in a row. Following the Cambridge Analytica debacle, Facebook shares (NASDAQ:FB) are currently trading at $164.07, down 4.9 percent compared to yesterday’s closing price of $172.56.

More importantly, if you look at Monday and Tuesday combined, Facebook shares are down 11.4 percent compared to Friday’s closing price of $185.09. In other words, Facebook was worth $537.69 billion on Friday evening when it comes to market capitalization. And Facebook is now worth $476.83 billion.

That’s how you lose $60 billion in market cap.

from Social – TechCrunch http://ift.tt/2DHkg1c Facebook has lost $60 billion in value Romain Dillet http://ift.tt/2FX7I81
via IFTTT