Thursday, 26 July 2018

Facebook suffers biggest one-day wipeout in U.S. stock market history, Zuckerberg loses over $15 billion

Facebook founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California.
(Reuters) — Facebook Chief Executive Mark Zuckerberg’s fortune took a more than $15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in U.S. stock market history a day after executives forecast years of lower profit margins. At least 16 brokerages cut their price targets on Facebook after Chief Financi…Read More

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