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Over $109bn wiped off Facebook's market cap after growth shock
- patrickaljord 8y agoFor context, here is $fb stock for the past 12 months [1] https://i.imgur.com/R0NwgSb.png https://i.imgur.com/R0NwgSb.png They've fallen and recovered from way more than that (edit: not) this year. 1: https://www.google.com/search?q=%24fb&oq=%24fb&aqs=chrome.0.69i59j0j69i65l2j0l2.1051j0j7&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=%24fb&oq=%24fb&aqs=chrome.0....
- gmu3 8y agoNone of the drops in that chart are even remotely comparable. Even the local maximum to the 52 week low over the course of months is smaller so hardly "way more". Its the largest drop in market cap in a single day ever, so its pretty uncharted territory whether a company can recover or not.
- iwcmarkxviii 8y agocan recover or not? are you kidding me? lol
- TAForObvReasons 8y agoIt was an open question, after the 2000 crash, whether MSFT would recover. It took until 2016 to do that. It was an open question whether EK could recover. We all know how that ended.
- yeldarb 8y agoThe chart doesn't include today's drop yet: https://i.imgur.com/b3EzMfX.png https://i.imgur.com/b3EzMfX.png
- pcurve 8y agoit's still higher than recent low set after the Cambridge incident. The subsequent runup thereafter was quite aggressive as if the incident never even took place.
- wilsonnb2 8y agoMaybe someday we will all realize that daily fluctuations in a company's market cap don't matter. Just because something happened doesn't make it news.
- iamgopal 8y agoThis company has more revenue than a company which feed 1 percent population daily. Go figure.