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Facebook shares fell and $ 119 billion of its capital was lost in a precedent. Wall Street
Shares of Facebook, the largest social network in the world, fell Thursday in New York, losing $ 119 billion of capitalization on the stock market, a precedent on Wall Street. Since the beginning of the first Wall Street trading, Facebook's share price has fallen and the trend continues throughout Thursday
The session closed at $ 176.26 per share, down 19%, bringing its market capitalization to $ 510.2 billion. This is the biggest loss in the value of a group recorded in a session in New York. The Nasdaq index, which includes a number of technology companies, lost 1.01% of its value.
After a sharp decline, the largest in a single session since Facebook's entry into the stock market, stock prices have risen slightly. The decline in stock prices was so strong in the stock market that it could have been affected by for-profit operations
Facebook was in a strong position until Wednesday as investors were seemingly unaware of concerns about the personal data scandal. What has been leaked to the British company "Cambridge Analytica" and all ongoing investigations. Facebook, which is celebrating its 15th birthday next year, surprised the markets by publishing a hefty turnover Wednesday but has fallen short of expectations, though it has risen 42% to 13%. , $ 2 billion, with gloomy forecasts for the rest of the year. The forecasts reached 2.23 billion. Facebook said the slowdown was partly due to a new management of personal problems and security – the centerpiece of the Cambridge scandal, revealed in mid-March. But Mark Zuckerberg's group is also known for growing advertisements that provide almost all of his income.
With the contribution of: AFP
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