Facebook accounts for 24% and loses $ 120 billion in value

Facebook's shares lowered tech stocks on Thursday morning, as the Nasdaq fell under the weight of the company's share, and the S & P 500 index fell due to transmission fears to the leading technology companies involved in Facebook, In a number of activities that rely on user data to generate revenue in the first place.
The NASDAQ lost 1% in the first quarter of an hour of trading, while badysts saw a daily performance indicator the worst since June 27th. S & P 500 03% under pressure technology stocks that lost 1.6% at the opening, affected by infection Facebook 004] Facebook, the social networking giant, has struggled for years to counter any criticism of its content policies, its inability to protect private data and change the game rules with advertisers, but the truth hour seems to have dropped.
Second quarter transactions that revealed an increase in the number of users did not meet badysts' expectations. The company told Wall Street that the chances of improving these numbers are nil.
Facebook shares fell 24% after David Finner, chief financial officer of the company, said growth rates would fall in the third and fourth quarters. Analysts who followed Facebook during a conference call asked executives for further information on the abrupt evolution of the company's financial future.
The company's share plunged Zuckerberg's fortune by $ 16.8 billion. That means he will move from third to sixth place on the Bloomberg Billionaires Index. It will also lose all its $ 13.7 billion this year, with less than $ 70 billion remaining. The loss of $ 16.8 billion in one day is a devastating blow to the world's richest people. The figure is equivalent to one-fifth of Zuckerberg's fortune
The company also expects lower margins, with operating margins slightly above 35%, compared to a margin of 44% at second quarter of this year. And increased investment in new products, such as the company's long video coordination service, as well as the billions of dollars of capital expenditures related to security and safety.
Facebook has rarely been hit by major financial shocks. The company's results last year were lower than badysts' estimates for the first quarter of 2015. But the results came after the company was faced with data privacy issues submitted to the a close scrutiny in the world, where CEO Mark Zuckerberg the company for data leakage through the company "Cambridge Analytica". This quarter also marked the introduction by Europe of new, more stringent data protection laws, which resulted in a drop in the number of daily visitors to the European Union's Facebook sites. The company has been the subject of public criticism of its content policies in countries like Myanmar and Sri Lanka, where misleading information has led to violence.
All of these problems coincide with lingering questions about the fact that Facebook, a social network that interacts every month with 2.23 billion active users, can not continue to grow until forever.
The company revealed a drop in the number of active visitors during the month of June, from 1.48 billion visitors to 1.47 billion. Its user base in the United States and Canada, the largest market with 185 million users per day, has fallen by 1% in Europe to 279 million users per day. Overall, the average number of users per day increased by 11% over the same period last year.
The company's turnover rose 42 percent to $ 13.2 billion in the second quarter, up from $ 13.3 billion. The company still retains one of the most valuable data sets in the world, from the segment of interest to all users, allowing ads to more easily reach their target audience. The company also maintains its dominance of mobile advertising alongside Google.
The chief operating officer, Cheryl Sandberg, commented on the results of the last chapter: "The European data protection rules have not had any impact on revenue," he said. they have not been fully implemented, and we look beyond, we realize that there is always a risk, and we will monitor them closely. "[59,900,400] The Chief Financial Officer of the company, David Feiner, Q3 and Q4 compared to the previous quarter "We have plans to grow and encourage tempting experiences, such as stories that currently reach lower levels of income," he said. he said, adding that currency fluctuations would hurt the company's share in the second half of 2006. We also offer people who subscribe to our services more choice in terms of data privacy, which can have an impact on income growth. "
Facebook's downgrade detracted from the performance of the technology sector. When its share grew by 4.1% before the Facebook crisis, and Advanced Micro
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