Facebook experienced the largest one-day wipeout in US stock market history yesterday.
Facebook lost Dollars $119 billion in market value as the share price plunged - reportedly the largest single-day loss for any public company in history.
So far, three class-action suits have been filed by shareholders claiming that Facebook made false and misleading statements to investors including lack of disclosure around monetization associated with Instagram Stories.
Facebook's decline significantly outpaced the $91 billion that Intel lost in September of 2000, during the original dot-com bust.
Shareholders often sue companies in the United States after unexpected stock price declines, especially if the loss of wealth is large.
It's been a rough year for Facebook and its investors.
A DE judge says he wants to hear from Facebook founder Mark Zuckerberg before ruling on attorney fees in a shareholder suit challenging a proposed stock reclassification. Now, it is investing heavily on fixing those problems.
Facebook is also battling several other suits relating to the handling of user data in the Cambridge Analytica case.
More worrisome was the number of daily active users, which grew by just 22 million - the lowest such number since at least 2011. Last week had not been good for one of the most popular social media company, Facebook as it released biggest drop in its share prices in one single session.
Facebook shares fell as much as 23 percent in after-hours trading when Facebook reported its second-quarter earnings.
Zuckerberg had been tied with Warren Buffett as the world's fourth-richest person, but the Berkshire Hathaway chairman's current $US83 billion ($A112 billion) fortune tops Zuckerberg's $US66 billion ($A89 billion), Forbes magazine said.
Currently, its stocks are at US$174.89 down 0.78 per cent.
She said: "The lines and voter enthusiasm we are seeing must be matched by an accurate count and their choice must be honoured". On Sunday, Mr Mugabe, who first came to power after independence in 1980, said he would not vote for his successor .
The captain was a "very competent pilot" with an "almost flawless safety record" and there were no known defects with the plane. Malaysian air safety authorities still don't know what happened to flight MH370 four years after its disappearance.
Most people, especially those who are not a fan of the Warriors, will surely love the idea of Durant's departure in Golden State. McCollum started the argument on Twitter with an analogy he believed best described Durant's transition to Golden State.
In June, The New York Times revealed that not only had the President known about the statement, but that he had dictated himself. The president has denied he knew about the meeting, in which damaging information on Hillary Clinton was promised to Trump Jr.
Hume said the move could be a negotiating tactic to squeeze Charter into meeting its requirements and agree to a settlement. NY will not tolerate Charter's gaslighting its own customers into believing it is meeting its promises.
Timothy Fosu-Mensah also suggested he could cover for the injured Antonio Valencia and Diogo Dalot at right-back. You can certainly understand the confusion surrounding Liverpool's penalty taker during pre-season.
She was put into a bucket of water, which was then put onto a stroller to make it look as if the fish was a young child. But, to the surprise of police and aquarium staff, the shark was in good health when it was returned Monday night.
Once the singer is released from the hospital, sources say she's going straight to rehab. "He seems very concerned about her". Lovato was found unconscious inside her Hollywood Hills home on Tuesday, July 24th.
In addition to the two Americans - one woman and one man - a Swiss man and a Dutch national were also reportedly killed. Authorities have also arrested a third suspect and recovered a damaged auto they believe was involved in the case.
But Berbatov thinks it would be a huge mistake if the Red Devils did part company with Martial, who he played alongside at Monaco. Hence, Mourinho will be hoping to get a good momentum once his star players join the squad in the Premier League .
Elon Musk's most recent innovation is a limited edition United States dollars 1,500 surfboard , branded with the Tesla logo. According to The Drive , the Tesla boards appear to be geared toward collectors, and not for riding the actual waves.
Since 2009, residents of Nabi Salah have staged regular anti-occupation protests that often ended with stone-throwing clashes. Tamimi, who was 16 at the time of her detention, faced 12 charges, including aggravated assault.
PM Modi congratulates Imran Khan
MEA spokesperson Raveesh Kumar had said that India desires a "prosperous and progressive Pakistan at peace with its neighbours". Activists from the Jamiat Ulema-e Islam party protest against alleged election rigging in Peshawar, Pakistan, on July 27, 2018.
50 years on, McDonald's isn't messing with its Big Mac
More than 14,000 McDonalds restaurants will be taking part in the scheme to bring customers back to the fast-food chain. In recent years, other fast food burgers spots like Shake Shack, Five Guys and In-N-Out have risen in popularity.