Facebook Loses $120 Billion in Market Value, as Stock Slides on Fears Growth Is Hitting a Wall

Facebook Just Had the Worst Day in Stock Market History

Just days after hitting a fresh all-time high, the social media company saw its stock drop almost 19%, losing $120 billion in market capitalization in the process and earning the dubious record for the worst one-day loss in market value in U.S. stock market history. Facebook shares closed Thursday's session down 18.96% to $176.26, giving it a market capitalization of $510.45 billion. Facebook's market cap stood at nearly $630 billion at the close of Wednesday's session, meaning the stock lost just shy of $120 billion. No other company has ever lost 12 figures in nominal value in a single market session. Intel Corp. (INTC) previously had the record, losing almost $91 billion on Sept. 22, 2000, according to FactSet, as the dotcom bubble burst.

Facebook Loses $120 Billion in Market Value, as Stock Slides on Fears Growth Is Hitting a Wall

coupled with Rob Latour/REX/ShutterstockUPDATED: Shares of plunged 19% in trading Thursday, as investors reacted to signs that the social-media giant's user and revenue growth are significantly slowing down. Facebook's market cap was $629 billion at market close Wednesday, and ended the day Thursday at around $510 billion. What drove the selloff: Investor concern about Facebook's growth cooling down. In Q2, Facebook's total revenue growth rate dropped about 7 percentage points compared with Q1. Q2 revenue rose a whopping 42%, to $13.0 billion, and net income was up 31%, to $5.1 billion.

AMD Stock Soars, Facebook Plunges and Ford Squashed: Throwback Thursday

With Facebook (FB) dragging down the Nasdaq Composite ^IXIC , let's go over what's happened this Thursday. The stock still stands 5.4% higher than it closed here at zero dark thirty this morning. Does it matter that AMD and Qualcomm have both guided current-quarter revenue to levels that are either just in line or slightly below consensus view? Analysts surveyed by Factset Research Systems Inc. expected the company to post earnings of 31 cents per share on $39.14 billion in revenue. Facebook, Alphabet, Amazon.com and Apple are holdings in Jim Cramer's Action Alerts PLUS member club .

Facebook Just Had the Worst Day in Stock Market History

Just days after hitting a fresh all-time high, the social media company saw its stock drop almost 19%, losing $120 billion in market capitalization in the process and earning the dubious record for the worst one-day loss in market value in U.S. stock market history. Facebook shares closed Thursday's session down 18.96% to $176.26, giving it a market capitalization of $510.45 billion. Facebook's market cap stood at nearly $630 billion at the close of Wednesday's session, meaning the stock lost just shy of $120 billion. No other company has ever lost 12 figures in nominal value in a single market session. Intel Corp. (INTC) previously had the record, losing almost $91 billion on Sept. 22, 2000, according to FactSet, as the dotcom bubble burst.

AMD Stock Soars, Facebook Plunges and Ford Squashed: Throwback Thursday

according to Rob Latour/REX/ShutterstockUPDATED: Shares of plunged 19% in trading Thursday, as investors reacted to signs that the social-media giant's user and revenue growth are significantly slowing down. Facebook's market cap was $629 billion at market close Wednesday, and ended the day Thursday at around $510 billion. What drove the selloff: Investor concern about Facebook's growth cooling down. In Q2, Facebook's total revenue growth rate dropped about 7 percentage points compared with Q1. Q2 revenue rose a whopping 42%, to $13.0 billion, and net income was up 31%, to $5.1 billion.

Facebook Loses $120 Billion in Market Value, as Stock Slides on Fears Growth Is Hitting a Wall

With Facebook (FB) dragging down the Nasdaq Composite ^IXIC , let's go over what's happened this Thursday. The stock still stands 5.4% higher than it closed here at zero dark thirty this morning. Does it matter that AMD and Qualcomm have both guided current-quarter revenue to levels that are either just in line or slightly below consensus view? Analysts surveyed by Factset Research Systems Inc. expected the company to post earnings of 31 cents per share on $39.14 billion in revenue. Facebook, Alphabet, Amazon.com and Apple are holdings in Jim Cramer's Action Alerts PLUS member club .