Facebook’s value plunges yet again, down $60 billion
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