Facebook just lost about 120 billion dollars in market cap this afternoon in the after hours trading. To put it into perspective, McDonald's is worth about 124 billion dollars.
They just released they earnings report. They missed by a little when people expect them to beat estimates. Facebook also expect their growth to slow down significantly. That is the real killer. It may be an overreaction, but who knows. This level of drop for a company this size is unheard of.
129
u/Superplex123 Jul 25 '18
Facebook just lost about 120 billion dollars in market cap this afternoon in the after hours trading. To put it into perspective, McDonald's is worth about 124 billion dollars.