Facebook shares dive 19%, shedding $120 billion in market capitalization

[Davmic]

Facebook shares dive 19%, shedding $120 billion in market capitalization

The Facebook rout follows the social network's disclosure that user growth had slowed in the first full quarter after the Cambridge Analytica data scandal became known. Also Facebook's chief financial officer warned sales growth would continue to slow through the rest of the year.

     

 

 

Source: Facebook shares dive 19%, shedding $120 billion in market capitalization