Facebook actions fall dramatically



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<img src = "https://cdn1.cnet.com/img/pPsjDlyDB-VGhQb5Rl5_o9HGVjc=/970×0/2018/05/01/3a9b1e21-f1b1-46fa-9b47-c3a7982c3f02/facebook-f8-2018-mark -Zuckerberg-2.jpg "class =" "alt =" Mark Zuckerberg, CEO of Facebook, has other problems in his hands


James Martin / CNET

Facebook shares plummeted Thursday morning, reducing the company's market value by 120 billion US dollars. This comes a day after a similar collapse caused by the announcement of the financial report suggesting that the company's growth would slow down.

Facebook shares, one of the most stable investments in the technology sector, fell by nearly 30% during the morning of Thursday, to settle at US $ 175 per action. The fall, which followed a 25% drop Wednesday night, is considered one of the most dramatic declines in market valuation – the value of all stock – of a company.

The social network declined to comment on the reaction of the stock market to its financial report

Similarly, Facebook is experiencing stagnant growth in its number of users. In the United States and Canada, which represents the giant's largest market, the number of monthly users stagnated to 241 million.

The company recorded revenues of $ 13,230 million in the three months ended June 30. 42 percent compared to the same period last year. However, the figure was lower than the 13,360 million US dollar forecast by Wall Street analysts, according to Yahoo Finance.

With the collaboration of Suan Pineda.

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