{"id":371138,"date":"2018-07-28T01:25:20","date_gmt":"2018-07-28T00:25:20","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/facebook-stock-decline-is-largest-one-day-drop-in-u-s-history\/"},"modified":"2018-07-28T01:25:20","modified_gmt":"2018-07-28T00:25:20","slug":"facebook-stock-decline-is-largest-one-day-drop-in-u-s-history","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/facebook-stock-decline-is-largest-one-day-drop-in-u-s-history\/","title":{"rendered":"Facebook Stock Decline Is Largest One-Day Drop in U.S. History"},"content":{"rendered":"<div id=\"\">\n<p>Facebook\u2019s drop in stock price of nearly 20 percent marks the largest one-day stock market decline in U.S. history, at $119 billion.<\/p>\n<p>Facebook has had a tough few days, seeing a massive decline in its stock price which fell by as much as 23 percent in after-market trading on Wednesday. The mass stock sale saw approximately $119 billion in market value destroyed, marking the largest one-day drop in the history of the American stock market.<\/p>\n<p>The sudden drop in Facebook stock was a result of the announcement of second-quarter earnings which did not meet the companies predicted numbers. Although revenue had increased by approximately 42 percent, the number still fell short of analyst projections.<\/p>\n<p>Similarly, the number of daily active users on the platform \u2014 an important metric for judging the success of a website or app \u2014 only grew by 22 million, the lowest growth figure since 2011. Facebook\u2019s Chief Financial Officer warned that revenue growth would \u201cdecline by high single-digit percentages\u201d until 2019.<\/p>\n<p>In September 2000, during the original dot-com bust, Intel lost $91 billion while around the same time Microsoft lost $77 billion in a day. While it is true that Facebook\u2019s loss of $119 billion in a day is the biggest one-day drop in U.S. stock market history, it should be noted that the large loss is partly due to Facebook\u2019s massive valuation as a company. In previous years, companies were not valued as highly as Facebook is, so their losses were smaller.<\/p>\n<p><iframe loading=\"lazy\" height=\"288\" src=\"https:\/\/video-api.wsj.com\/api-video\/player\/v3\/iframe.html?guid=AB20F082-EBC2-477C-9580-72B05D7AC402\" width=\"512\"><\/iframe><\/p>\n<section>\n<h2>Comments<\/h2>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/redice.tv\/news\/facebook-stock-decline-is-largest-one-day-drop-in-u-s-history\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook\u2019s drop in stock price of nearly 20 percent marks the largest one-day stock market decline in U.S. history, at $119 billion. Facebook has had a tough few days, seeing a massive decline in its stock price which fell by as much as 23 percent in after-market trading on Wednesday. The mass stock sale saw [&hellip;]<\/p>\n","protected":false},"author":2520,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-371138","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/371138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=371138"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/371138\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=371138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=371138"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=371138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}