Facebook Stock PLUMMETS 40+%, On Track For WORST Day EVER

Could hit all time low…. This is coming on the heels of yesterdays Q1 reports…. Whats the significance you say? Well in mid Q1 they made changes affecting many publishers that were either spending money in the fb eco system… or using Instant Articles to monetize, after those changes those same people were crushed causing them to reduce spending or discontinue IA use… and worse even close their doors completely.

As reported by MarketWatch| Facebook Inc.’s shares early Thursday were tumbling and putting the Menlo Park, Calif.-based social media behemoth on track for the worst one-day tumble in its history. Most recently, the Facebook’s stock FB, -18.90% was down more than 19%, which would represent its ugliest single-session fall since it went public on May 18, 2012.



The plunge in the company’s shares comes after i delivered an earnings report it reported earnings that were weaker than analysts expected, showing slowing user growth, capped by a weaker-than-expected outlook for revenues as its tweaks its business model in the face of its Cambridge Analytica scandal.

Moreover, Facebook’s shares just put in a record on Wednesday before it reported results. Facebook’s drop, by dint of its market value ($511 billion), was weighing on the broader market. The S&P 500 index SPX, -0.17% was down 0.2%, with the technology sector producing the stiffest headwind for the broad-market benchmark, with the S&P 500’s tech sector off 1.6%.

The tech and internet-stock heavy Nasdaq Composite Index COMP, -0.85% meanwhile was down 1%, after notching its 25th all-time high of 2018 on Wednesday.

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