You’ve probably heard about the latest data breach to hit Facebook. Well, now its stock is sliding — for the second day in a row.
Shares of Facebook fell another 5% on March 20, wiping $50 billion off its market value. Facebook isn’t the only one suffering. The broader market is affected too, dragging down tech and social media companies such as Twitter with a 9% tumble.
Just to put that in perspective, the $50 billion loss is larger than the market valuations of Ford, eBay or Delta. Read more here.