Zuckerberg loses $16 billion in record Facebook fall

[Wireless News]

http://l.yimg.com/uu/api/res/1.2/Q.aeYeBtuei.1HG9BR_RkA--/YXBwaWQ9eXRhY2h5b247aD04Njt3PTEzMDs-/http://media.zenfs.com/en_us/News/Reuters/2018-07-27T043214Z_1_LYNXMPEE6Q08U_RTROPTP_2_FACEBOOK-RESULTS-STOCK.JPG (https://www.yahoo.com/news/zuckerberg-loses-16-billion-record-facebook-fall-043214764--finance.html)At least 16 brokerages cut their price targets on Facebook after Chief Financial Officer David Wehner startled an otherwise routine call with analysts by saying the company faced a multi-year squeeze on its business margins. Shares fell as much as 19.6 percent to $174.78, a decline that if sustained would wipe about $124 billion off the company's value - or nearly four times the entire market capitalization of Twitter Inc.



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