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July 25, 2018 10:37 pm GMT

Facebook loses $120 billion in market cap after awful Q2 earnings

Facebook’s share price fell over 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate and a scary warning that its revenue growth would rapidly decelerate. Before today’s brutal Q2 earnings, Facebook’s share price closed today at $217.50 – a record high — but fell to around $172 after the […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-xLSM3scz2A/

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