Facebook shares plummeted by more than 20%

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  • On Thursday, july 26, 2018
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Facebook shares plummeted by more than 20%

Facebook disappointed investors and saw its share fall by more than 20% in the stock market.

Facebook literally allerted the investors on Wednesday, warning of a sharp slowdown in its future growth and publishing quarterly results deemed particularly disappointing, prompting discussions on its ability to extricate itself from scandals.

Facebook shares plummeted by more than 20% to $ 173.50 in electronic trading, following the closing of Wall Street where as before, it had been as high as 217.50 dollars. It remains to be seen if this will be confirmed at the opening of the market, Thursday. A 20% decline in the Facebook stock corresponds to some $ 130 billion in stock market valuation.

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"This is a crucial year" for Facebook, commented his CEO, Mark Zuckerberg, during a conference call with analysts. "We're investing so much in our security systems that it is going to start to affect our profitability, we are starting to see it this quarter," he continued, after months of trying to restore the image of the biggest network social of the world.

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