Facebook’s Market Value Drops By $119 Billion

Facebook

Mark is wearing a neutral expression, but is probably upset.

It’s safe to say that Facebook has been weathering some stormy waters recent of late. Naturally,the unbelievably stupid changes to European haven’t been doing them any favors.

But the slowed growth caused by the Cambridge Analytica debacle has been what’s really hurting  them recent of late.

And that seems to had an effect on the company on Wall Street. Their value dropped by around $119 billion by the end of trading on Thursday.

That said, they’re still worth over $500 Billion; i.e., more the the GDP of many nations on the planet. But still? That’s gotta sting.

Source: AP News

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B. Simmons

Based out of Glendale California, Bryan is a GAMbIT's resident gaming contributor. Specializing in PC and portable gaming, you can find Bryan on his 3DS playing Monster Hunter or at one of the various conventions throughout the state.

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