Facebook’s value plunges yet again, down $60 billion
by: Rachel Narozniak
Mar 21, 2018
If bad things truly come “in threes,” then the worst is not over for Facebook just yet.
The social networking service’s shares have plummeted for the second day in a row, resting at a trading value of $164.07. The shares have fallen 4.9 percent since March 19, when shares closed at a price of $172.56.
Facebook shares sat at $184.09 on Friday, March 16, worth a whopping $537.69 billion; fast forward to March 20, and Facebook’s market capitalization weighs in at $476.83 billon, a total plunge of 11.4 percent since Friday and a loss of $60 billion in market cap.
H/T: Tech Crunch
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