• Precise Developers - Web Development, Mobile App Development, IT Solutions
  • info@precisedevelopers.com
  • +919624064090

Why Facebook got declined and wiped out nearly $ 45 Billion in stock value ?

  • Home / Why Facebook got declined and wiped out nearly $ 45 Billion in stock value ?

Why Facebook got declined and wiped out nearly $ 45 Billion in stock value ?

As we all know Facebook is one of social networking website where more than 1 billion people around the world use every month. Mark Zuckerberg Cheif Executive officer at Facebook has recently met a tragedy as the users may flee the company’s social media platform because or rising negative sentiment.

After such a statement from one of the top Wall Street Firm Mark said that he would be implementing more rules and regulations. “I actually am not sure we shouldn’t be regulated. I think in general technology is an increasingly important trend in the world, and I actually think the question is more ‘What is the right regulation?’ rather than ‘Yes or no, should it be regulated?'” he told CNN.

The Shares of Facebook has reached at $ 230 from $ 265 after such a statement. Probably around $ 45 billion in three trading sessions which Facebook got affected.

Leave Comments

3 × five =