Facebook closes down 6%, wiping out more than $30 billion in market value

The drop erased more than $30 billion from the social media giant's market cap.compared with its total in 2018. The expenses were largely related to the company's privacy and security improvements. That coincides with a drop in the company's operating margin, which fell from 45% in 2018 to 34% in 2019.

In addition to the increased expenses, Facebook also warned of advertising headwinds related to privacy and regulatory changes on the horizon, leading to slowing growth in the U.S. Facebook said privacy improvements on

I deleted my account two weeks ago. Looks like I wasn’t the only one.

Heh 'market value' as if it isn't a severely inflated stock in the first place.

Good start let’s keep it going

Facebook (in its current form) is not long for this world.

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Facebook plunges at open, wiping out more than $50 billion in market valueThe drop comes after Facebook reported a 51% rise in expenses compared to its total in 2018. Did he upset Soros? Cool. 51% rise in costs = Exorbitant salaries for Zuck and his minions
Source: CNBC - 🏆 12. / 72 Read more »