2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15
July 26 will be recorded in the history of Facebook as a black day. In an unprecedented drop in the stock market, the social media giant recorded a loss of more than one year losing 19 percent of its value in a single day. According to CNBC, at the close of the market this Wednesday, Facebook was valued at some of the richest millennial in the world and its spectacular loss today places it behind billionaires such as the investor Warren Buffet and the Spanish Amancio Ortega, founder of the clothing company Zara.
No public company in the history of the country had lost $ 100 billion in the stock market in a single day. The most spectacular falls in the market were registered in the technology and energy sectors. In 2013 the Apple company lost $ 59.6 billion and in 2008 Exxon Mobil lost $ 52.5 billion.
According to experts, the collapse of Facebook is due to the fact that on Tuesday the California-based company reported its income from the second quarter of the year, which was not very encouraging.
The registration of its users, the global number of registered in the social network and the number of page views are down. As if that were not enough, analysts expect the company's profits to further decrease in the second half of the year.
Recommended:
Great Offer From Facebook Portal And Oculus Quest
Huge promotion of Facebook Portal and Oculus Quest will be a reason to celebrate for video game lovers
Facebook Launches New Dating Application
Everything you need to know about Dating, the new dating app on the social network Facebook
Woman Streams Alleged Sex Assault On Nightclub Dance Floor On Facebook Live: 'Help Me
Atlanta police are investigating an alleged sexual assault that took place on the dance floor of a popular club Saturday night, which the victim streamed on Facebook Live, PEOPLE confirms. Help me! the crying woman can be heard pleading on the video, which went viral before it was taken down.
Is The Viral 10-Year-Challenge Meme A Ploy To Train Facebook Facial Recognition Technology?
A recent Internet challenge that requires people to post before and after selfies that are 10 years apart has come under scrutiny after social media users suspected it may have been developed by Facebook for secretive purposes - and the company is denying such claims.
Bridge Collapses In Italy
A major bridge connecting a viaduct with a highway in the port city of Genoa in Italy collapsed; there are at least 22 dead
