Facebook stock plummets 8%, wiping out $50 billion in market value

Facebook issued a disappointed quarterly report, sending its stock price down by 8%, reports CNBC.  In the report, "Facebook also warned of advertising headwinds related to privacy and regulatory changes on the horizon, leading to slowing growth in the U.S. Facebook said privacy improvements on Apple’s iPhones and Google’s Android software could hurt its ability to target advertising."

 

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