Facebook is having a rough week. During an earnings call on Wednesday, the social media giant’s chief financial officer said revenue growth will slow in the coming quarters, spooking investors and sending the stock plunging 19%. A staggering $150 billion in value was wiped out in one day.
The selloff came as a surprise to many followers of the company, since CEO Mark Zuckerberg had earlier pointed out many of the emerging trends that could lead to slower growth and higher costs.
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