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Facebook Shares Drop Over Less User Activity

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According to Business Insider, Facebook is having a hard day on Wall Street. After posting their quarterly earnings report, Facebook shares dropped by as much as 19-percent on July 26th. But what's worse is their loss in market capitalization. The social media company reportedly lost $120 billion in market cap after it reported slowing user growth, which is tied into revenue. That's the largest single-day drop for any company in US stock market history.

Added on the 26/07/2018 15:52:25 - Copyright : Wochit

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