Facebook stock suffered the largest one-day loss of any publicly traded company in history when its shares plunged nearly 20 percent Thursday, erasing about $120 billion of the social media giant’s market value. Some shareholders are now saying co-founder and CEO Mark Zuckerberg is part of the problem. Bianna Golodryga reports.
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Investor calls for Zuckerberg to reduce role after Facebook’s historic stock loss
Its stock plunged up to 24 percent Wednesday night, wiping out as much as $150 billion of the company’s market value
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Facebook’s one-day market loss could be "largest drop in history"
Facebook is suffering a major financial blow after months of punishing headlines about privacy and content concerns. Its stock plunged up to 24 percent in after-hours trading Wednesday, wiping out as much as $150 billion of the social media giant’s market value in under two hours. This comes after Facebook announced second quarter revenue missed Wall Street expectations by around $130 million, and growth in the number of active users is slowing down. Wired editor-in-chief and CBS News contributor Nicholas Thompson joins “CBS This Morning” to put it into context.
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What’s behind Facebook’s $150B market value plunge?
