Facebook just had the worst day in stock market history

collected by :Molly Tony

Facebook just had the worst day in stock market historyFacebook just had the biggest wipeout in stock market history. The sell-off vaporized about $119 billion in market value — the biggest single-day loss for any public company in history, according to Thomson Reuters. As an example of its new strategy, Wehner said Facebook will put more development muscle behind the company's Stories feature. The company's previous worst single-day performance was July 27, 2012, when the stock fell 11.7%. The stock tanked that day after the company failed to convince investors that it could sell mobile advertising.

This reversal shows there's risk in the bullish stock market — and Facebook is further proof

Anyway, please note the following from the chart:• QQQ broke out on good earnings. Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies. Send it to Nigam Arora. Nigam Arora is an investor, engineer and nuclear physicist by background who has founded two Inc. 500 fastest-growing companies. He is the founder of The Arora Report, which publishes four newsletters.

Facebook is facing the biggest single-day loss in stock market history. Here are all the reasons why.

as informed in Yet there are only 3 billion people who can access Facebook, so the company has already captured 75 percent of the addressable market. After it was revealed in March that 87 million Facebook profiles were harvested by data firm Cambridge Analytica for "psychographic profiles," shares fell by 24 percent. In the U.S., the Justice Department, the FBI, the Securities and Exchange Commission, and the Federal Trade Commission are all conducting probes into the social network. In the U.S., the Justice Department, the FBI, the Securities and Exchange Commission, and the Federal Trade Commission are all conducting probes into the social network. With 1.5 billion users, WhatsApp is much more popular outside the U.S. and in particular in countries like India.

Yikes: Facebook just suffered the biggest one-day loss in stock market history

That saw Facebook break a stock market record, but you're probably not going to see Mark Zuckerberg updating his CV any time soon. Until now, no company in the history of the U.S. stock market has ever seen $100 billion of its market value get vaporized in a single day. Facebook's market value had approached $630 billion as of the close of trading Wednesday. The company's market value plummeted to a little more than $500 billion. About this being, you know, the moment core Facebook starts finally paying the piper, the byproduct of months of rolling scandals – Cambridge Analytica, Infowars, losing cool points to Instagram, you name it.