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July 27, 2018
Day loss in value for a public company ever. $119 billion is more than the value of most companies in the s&p 500. including costco and american express and caterpillar and cvs. the cut took $16 billion off mark zuckerbergs fortune. he is now the sixth richest person instead of number four. facebook will put privacy first as a result of the data scandal. it will combat fake news and election meddling and conspiracy theories. it is working to improve the platform, but it will cost money. it remov...
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It would spend billions of dollars on security putting privacy before profits. that will cut into earnings for years. facebook lost $119 billion in market value. $119 billion. thats the biggest single day loss for a public company. $119 billion is more than the value of most companies in the s&p 500. what it lost is more than the value of most companies in the s&p 500. including costco and american express and cvs. it took $16 billion off the value of mark zuckerberg. he is now the sixth richest...