What? Facebook just lost more than $100 billion; Huge loss for Mark Zuckerberg!
Just seems like a bad dream for Mark Zuckerberg, but it’s not because it is the reality. Via: wordpress.com On Wednesday, Facebook reported its second-quarter earnings and the results, which were worse than expected, sent the company’s stock to a rapid decline, resulting in more than $100 billion off Facebook’s market value. A revenue of $13.23 billion and 1.47 billion daily active users has been reported by the social media company. Both numbers were just self-conscious by analyst expectations , which kept revenues at $ 13.36 billion and 1.49 billion daily active users. Despite the analysts’ predictions, Miss was not entirely unpredictable. Zuckerberg and other officials have been warning for months that the result of Facebook’s efforts to fix up News Feed for the promotion of “time well spent” and new GDPR rules , eventually resulted in lesser growth and fewer advertising dollars. Zuckerberg said, “As I’ve said on past calls, we’re investing so much in security t...