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Recently, Facebook posted the largest one-day loss in market value by any company in Us. Stock market history. According to media reports, Facebook’s market value declined to $510 billion after losing $119 billion in a single day.
Some stock market analysts believe that this decline in Facebook’s market capitalization could mean that Facebook’s reputation is gradually declining. Furthermore, they also argued that no company in the history of the U.S. stock has ever lost $100 billion in market value in just one day. Whereas, others believe that this is just a stock market shock and Facebook will rise again.
This scenario instigated a debate over social media regarding whether Facebook losing more than 100 Billion Dollars of market capitation in one day marked the network’s decline?