Posted by: Khaobaadi_Netaa March 30, 2018
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Facebook has lost $100 billion from its market capitalization from its peak 2 months ago (or on February 2, 2018).
It has now lost around $80 billion in about 2 weeks (or since March 16, 2018).
The loss is greater than the total market value of some of the world's biggest and very well known companies like Paypal ($91 billion) and Starbucks ($81 billion), and close to Netflix ($130 billion) and McDonald’s ($125 billion).
Its has also gotten (indirectly) entangled into both Trump-Russia probe as well as Britain's Brexit campaign scandal.
Guess the glory days of Facebook are over. What do you think ?
