Interesting that Zuckerberg has been selling his stock like a madman. It’s almost as if he knew something bad was going to happen.
Bad day on the stock market? Chances are it doesn’t compare to the losses Facebook co-founder and CEO Mark Zuckerberg is experiencing as the social media giant’s share plunge in the aftermath of the company’s second-quarter earnings report.
Facebook topped second-quarter earnings expectations on Thursday while revenue fell short. The company noted that the cost of investing heavily in security and privacy would hurt profitability in the coming quarters.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| FB | FACEBOOK INC. | 175.42 | -42.08 | -19.35% |
Facebook’s shares promptly crashed, in the aftermath of the company’s second-quarter earnings report with shares falling as much as 20%.
Continue reading “I WONDER WHAT IT FEELS LIKE TO LOSE $15 BILLION IN ONE DAY”
