Facebook could lose $151 billion in market capitalization today
30 July, 2018, 21:32 | Author: Natasha Holloway
Anxious over the deepening crisis confronting the company, shareholders have been dumping its scrips.
Facebook lost United States dollars $119 billion in market value as the share price plunged - reportedly the largest single-day loss for any public company in history.
In fact, about 175 companies in the S&P 500 are worth less than the $15.9 billion that vanished from the fortune of the Facebook Inc.co-founder as shares of the social-media giant plunged 19 percent Thursday.
"It can notify a user when an unsolicited message was sent from a Messenger account that's not paired with an official Facebook one", The Verge reported.
Facebook has faced a series of crises over the past two years, starting with Russian interference on the platform during the 2016 election and continuing with this year's Cambridge Analytica data privacy scandal.
Kacouris accuses Facebook and its two top-managers of making misleading statements or failing to disclose slowing revenue growth, falling operating margins and declines in active users.
Investors filed at least two proposed securities fraud class actions against Facebook in NY federal court Friday, accusing the company and its top brass of misleading shareholders in the months leading up to its disappointing earnings statement and subsequent $120 billion stock drop. Furthermore, the growth in the number of daily average users is slowing down as well.
Overnight, Wall Street's major indexes have closed lower as weak earnings reports from major technology companies led to a big drop for the sector. While users still encounter adds on Instagram stories, there are a lot less of them.
It was the second time Facebook stock took such a dramatic plunge. Scott Kessler, a representative from CFRA Research commented on the issue: "Legal/regulatory developments have led to changes meant to support FB's platform and users, but they will notably restrain growth and profits for at least the next couple of quarters, in our opinion".
Trump later tweeted that work on documents was "moving along quickly", adding that the meeting with Juncker had "great warmth". European Commission President Jean-Claude Juncker agreed that "this was a good and constructive meeting".
Russia's Vladimir Putin has invited US President Donald Trump to Moscow for a face-to-face meeting, he has said. The ultra-competitive White House press corps is displaying something rare and refreshing: Solidarity.
However, depending upon how briny it is, water can potentially remain liquid down to -70 degrees Celsius (-94 degrees Fahrenheit). The liquid water is locked beneath almost a mile of ice. "Water tends to collect in lower topography", Orosei said.
Rosenstein's signing of the FISA warrant was made public recently, when 400 pages of heavily redacted documents were released. Schiff joined the top Democrats on the House Judiciary and Oversight committees, Reps.
Television news projections predicted his party would win up to 115 of the 272 elected seats on offer. In a WhatsApp message, the PML-N also claimed that security forces had taken over polling stations.
The Justice Department essentially says it's trying to comply, but that these Republicans want a lot, and it takes times. At the time of his confirmation as Deputy Attorney General, he was the nation's longest serving US Attorney.
Facebook has recorded the biggest fall in corporate history as its value plunged by $120bn, when markets opened in NY . Before today's massive loss, Facebook's largest single-day drop came in July 2012 when it shed 11 percent.
The SEC reportedly followed Exchange Act Section 6 (b)(5) when they were taking the decision of whether to accept it or not. Regulators even launched an investigation in May to check whether bitcoin price movement was manipulated or not.
Trump also continued to tweet Sunday about the document's release, quoting Fox News' Pete Hegseth and Andrew McCarthy. Ted Cruz, then the Clinton campaign, and was therefore partisan and to be dismissed.
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FCA's Sergio Marchionne dies at 66
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