Facebook loses $ 110 billion in one fell swoop – Business News: Business



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Facebook disappointed by its quarterly results: The share price of social action fell by more than 18% at the opening of the New York Stock Exchange. Thus, the group lost nearly a fifth of its market value, about 110 billion dollars. Above all, the group has remained below expectations in terms of the number of users. The number has increased to 2.23 billion. Experts had forecast 2.25 billion users

In the EU, the number of monthly active users had decreased by about one million after the entry into force of the new regulation on data protection. In Switzerland too, the number of users is decreasing: The Bernetblog portal, which assesses the Facebook adplanner's quarterly figures for Switzerland, recorded a further drop in the number of users in the second quarter.

More than a billion Instagram users

Especially for users under the age of 20, the portal is no longer popular. Here, the decline in the last quarter of Bernetblog was 9.5% compared to the previous quarter. Compared with June 2017, the number of U-20 users has even decreased by 26.5%. Younger users move on to other services, such as Snapchat or the Facebook affiliate of Instagram.

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