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Photo – REUTERS / LETA
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The price of the Facebook social campaign Facebook of the American giant of social communications was hit by the fastest decline in the world. company history, Facebook's share price fell to 19% by the end of the trading session at 176.26 dollars (150.44 euros), thereby reducing the market value of the Company of 119 billion dollars
. Analysts say this could be the biggest drop in market value that a company experienced in a day
D here Thursday, the biggest price drop on Facebook took place in July 2012, when the stock fell by 11%. 19659006] This fall is produced a day after Facebook announced the latest financial results
The fall of Facebook is partly due to new developments in privacy and security issues, and highlights the constraints on advertising revenue growth.
Facebook anticipates a decline in expected growth in the future. Analysts say weak forecasts are worrying investors about the long-term core values of a huge social network, especially on its declining attractiveness among younger users.
The company announced Wednesday that its net profit reached $ 5.1 billion. an increase of 31% over the same period last year
Meanwhile, the number of active Facebook users increased by 11% during the quarter, reaching 2.23 billion, which is below badysts' forecasts of 2.25 billion.
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