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Bloomberg writes
The publication recalls that ratings on the social network collapsed by 19% during the last trading session.
The capitalization of the social network, whose shares were fueled this year by the growth of the papers of large technology companies, collapsed following a reassessment by investors of the company's prospects.
At the close of trading, Facebook's share price was $ 176.26
Previously, it was reported that the drop in prices was costing the founder of the social network Mark Zuckerberg nearly 17 $ billions
. The company's weight increased 42 percent to $ 13.2 billion, while analysts expected it to reach $ 13.3 billion.
For the first time since 2015, Facebook's results were worse than what analysts said.
Shares of Facebook and other technology companies resulted in a 1.14% decline in the Nasdaq index.
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