Market cap falls $50 billion dollars in one morning of trading. The fall in Facebook stock came after the tech giant reported a 51% increase in expenses compared to 2018. This increase in expenses comes as part of the improved privacy and security measures the company is taking to protect users. Also, the operating margin fell from 45% in 2018 to 34% in 2019 – so this firm is getting hit form both sides. One US research firm put the stock target price at $215 down from $245 as it reported the slowdown in the US, for Facebook products is slowing faster than it had previously thought.
Facebook Stock Falls 8%, $50 Billion Decrease in Market Cap
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