by Les Sillars
Posted 7/27/18, 10:55 am
After Facebook founder Mark Zuckerberg’s admission that the company’s second-quarter growth was slower than expected, its shares plummeted 19 percent on Thursday. That vaporized $119 billion of value in one of the biggest single-day losses in stock market history. The decline roughly equals the value of McDonald’s or Nike. Zuckerberg’s shares alone lost about $16 billion.