The price of Facebook action is gaga; the market value is down $ 119 billion

Photo: Reuters / Scanpix / LETA

Facebook's share price for the US social communications giant was hit by the biggest drop in the company's history on Thursday, driven by a lower-than-expected increase in the number of users social network badets.

The share price of Facebook fell 19% at the end of the trading session to 176.26 dollars (150.44 euros), reducing the company's market value of 119 billion dollars .

The decline in value suffered by a company in one day

Thursday, Facebook had experienced a significant decline in the stock price in one day in July 2012, when the stock had dropped 11%.

when Facebook announced the latest weaker financial results than expected and warned that business growth could be slower than expected in the future.

Facebook's declining growth is partly due to new developments in privacy and security, as well as highlighting restrictions on advertising revenue growth.

Analysts say weak

The company said Wednesday that its net profit rose to $ 5.1 billion in the second quarter of this year, an increase of 31% over the previous year. ;last year. In the meantime, the number of active Facebook users grew by 11% during the quarter, reaching 2.23 billion, which is lower than the forecast of 2.25 billion badysts.

The fall in the value of Facebook shares on July 26 also left their competitors. Twitter Inc. and Snapchat's parent company, Snap Inc. experienced a decline in share prices, but their value has already recovered during the day