Facebook reveals growth slowing & revenues down post Cambridge Analytica: share price plummets

3m Europeans have quit (of 282m European users). Market cap $119bn down (19% – biggest ever one day drop). Zuckerberg fortune $17bn down.

Brent Thill, an analyst at banking group Jefferies:“many investors are having a hard time reconciling that deceleration” in revenues. “It just seems like the magnitude is beyond anything we’ve seen, especially across a number of the tech [companies] we cover.”

Image: WDEF

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