Guest Post by Simon Black
As you you’ve no doubt seen by now, shares of Facebook plunged around 19% this morning.
In fact it was down as much as 25% in after-hours trading, wiping out $120 billion of wealth in a matter of minutes.
To be clear, that is the largest single-day loss of value ever seen in the history of the world.
(And Mark Zuckerberg’s net worth fell by $17 billion as a result… though I doubt he’s going to be missing too many meals anytime soon.)
Continue reading “No one has ever lost this much money in all of human history”
