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What triggered Facebook's biggest loss of $150 bn in its history?
short by Gaurav Shroff / on Thursday, 26 July, 2018
Facebook on Wednesday suffered a $150-billion loss in market capitalisation within two hours after it announced its slowest-ever user growth in quarterly reports. The data scandal-hit firm saw its first-ever decline in user count after new data privacy laws were introduced by the EU. Facebook also warned its profit margins will sink to "mid-30s" from 44% for over two years.
read more at Reuters