Facebook stock nosedive costs Zuckerberg $6bn as whistleblower interview and service outage rattle investors
The Independent says Shares in Facebook fell sharply on Monday in the aftermath of the explosive interview with whistleblower Frances Haugen and as its companies experienced an extended service outage.
It was the worst session performance for the company in nearly a year with the share price falling 4.9 per cent – the worst decline since the five per cent drop recorded on 9 November 2020.
To compare, the tech-heavy Nasdaq Composite Index fell by just 2.1 per cent in trading on Monday. The Dow Jones Industrial Average fell 323.54 points to 34,002.92, and the S&P 500 shed 1.3 per cent.
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