Facebook Suffers Huge One-Day Drop in Market Value
Facebook share prices dropped almost 20 percent Thursday. That is believed to be the largest one-day drop of any company on the American stock market.
The stock value drop amounted to a $119-billion loss.
One day earlier, Facebook had released a disappointing second-quarter financial report. The report said the social media site's user base and earnings had not grown as much as expected. The report also predicted far weaker growth in the future than had been expected.
Facebook has struggled in recent years with several privacy issues. But most experts believed the company had successfully dealt with them.
Many had come to consider Facebook almost immune to image problems, especially after the most recent scandal involving the British company Cambridge Analytica. The political research business collected private data of tens of millions of Facebook users. It provided that information to the 2016 presidential campaign of then-candidate Donald Trump.
Facebook has also faced public image problems because of the way Russia used the site to try to influence the 2016 U.S. presidential election.
I'm Caty Weaver.
1.share prices 股票价格
Share prices and trading have been dulled by worries over the war.
2.stock market 股市
The stock market's precipitous drop frightened foreign investors.
3.presidential election 总统选举
He won last month's presidential election by a landslide.
4.public image 公共形象
The prime minister's public image has improved.
5.But most experts believed the company had successfully dealt with them.
dealt with 处理；解决
I had made arrangements for my affairs to be dealt with by one of my children.
They dealt with a slew of other issues.
6.The political research business collected private data of tens of millions of Facebook users.
tens of millions of 数百万的
Do not let tens of millions of family life I am bored hinder your footsteps.
Tens of millions of American families have travelled the same path as ours.
很多人认为，脸书几乎不会受到形象问题的困扰，尤其是在近期卷入英国剑桥分析公司丑闻事件之后。这家政治研究公司收集了数千万脸书用户的私人数据 。之后将这些信息提供给2016年时任总统候选人特朗普 。