26-07-2018 20:26 via theguardian.com

Over $119bn wiped off Facebook's market cap after growth shock

Shares crash as social network admits user growth fell after Cambridge Analytica breach More than $119bn (£90.8bn) has been wiped off Facebook’s market value, which includes a $17bn hit to the fortune of its founder, Mark Zuckerberg, after the company told investors that user growth had slowed in the wake of the Cambridge Analytica scandal.Facebook’s shares plunged 19% on Thursday in New York, a day after the Silicon Valley company revealed that 3 million users in Europe had ab
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