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Thread: Facebook loses 120 billion USD on the Nasdaq

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    Senior Member fxtester's Avatar
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    Default Facebook loses 120 billion USD on the Nasdaq

    Facebook loses 120 billion USD on the Nasdaq-fb-lost-20-percent-gif

    Mark Zuckerberg had to realize some modifications with the social network platform after the Cambridge Analytica turnoil. It resulted into a disappointing gross revenue. At least according to the investors.

    The number of new members starts also to slow down. Especially in Europe where Facebook has lost few million users.

    In consequence the stock price dropped by $41 from $217, ie 18.9%. Mark Zuckerberg himself has lost USD 17 billion.

    Last quarter Facebook's gross revenue: $13.2B (analysts predicted $13.3B). +42% compared to the same period last year.

    Last quarter Facebook's net income: $5.1B. +31% compared to last year.

    Daily active users in june: 1.47 billion (vs a 1.48 billion average).

    Facebook loses 120 billion USD on the Nasdaq-fb-net-income-gif

    Source: Facebook - Facebook Reports Second Quarter 2018 Results
    Last edited by fxtester; 07-27-2018 at 08:45.

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