Wall Street makes Facebook lose $ 119 billion

Fursan Network Shares Facebook, the largest social network in the world, fell yesterday, Thursday, in New York, which led to the loss of $ 119 billion of its stock market capital, in a precedent on Wall Street.

Since the start of the first Wall Street trades, Facebook's share price has fallen and this trend continues throughout the day. The session ended at $ 176.26 per share, down 19%, bringing its market capitalization to $ 510.2 billion.

This is the largest loss of value recorded during a New York session. The Nasdaq index, which includes a number of technology companies, lost 1.01%.

After a sharp drop in first session since Facebook's entry into the stock market, stock prices have risen slightly in electronic trading. The decline was further compounded by the fact that stock prices were very high in the trade, so that they could be affected by profit withdrawals.

Facebook appeared to be in a strong position until Wednesday, as investors were apparently unaware of concerns related to the personal data scandal leaked to the British company "Cambridge Analytica" and to all investigations In progress. Facebook, which turns 15 next year, surprised the markets by posting a significant figure on Wednesday, but it is less expected than expected (+ 42% to 13.2 billion dollars) and ominous forecasts for the rest of the year.

The number of users is below expectations and reached 2.23 billion.

Facebook said the slowdown was partly the result of a new treatment of personal and security issues at the center of the Cambridge scandal, revealed in mid-March.