Facebook has lost $60 billion in value

Facebook is having a bad day… for the second day in a row. Following the Cambridge Analytica debacle, Facebook shares (NASDAQ:FB) are currently trading at 4.07, down 4.9 percent compared to yesterday’s closing price of 2.56.

More importantly, if you look at Monday and Tuesday combined, Facebook shares are down 11.4 percent compared to Friday’s closing price of 5.09. In other words, Facebook was worth 7.69 billion on Friday evening when it comes to market capitalization. And Facebook is now worth 6.83 billion.

That’s how you lose billion in market cap.

Social – TechCrunch

Comments are closed