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What's behind Facebook's $150B market value plunge?

Thu Jul 26 , 2018
Facebook is suffering a major financial blow after months of punishing headlines about privacy and content concerns. Its stock plunged up to 24 percent in after-hours trading Wednesday, wiping out as much as $150 billion of the social media giant's market value in under two hours. This comes after Facebook announced second quarter revenue missed Wall Street expectations by around $130 million, and growth in the number of active users is slowing down. Wired editor-in-chief and CBS News contributor Nicholas Thompson joins "CBS This Morning" to put it into context. Subscribe to the "CBS This Morning" Channel HERE: Watch "CBS This Morning" HERE: Watch the latest installment of "Note to Self," only on "CBS This Morning," HERE: Follow "CBS This Morning" on Instagram HERE: Like "CBS This Morning" on Facebook HERE: Follow "CBS This Morning" on Twitter HERE: Follow "CBS This Morning" on Google+ HERE: Get the latest news and best in original reporting from CBS News delivered to your inbox. Subscribe to newsletters HERE: Get your news on the go! Download CBS News mobile apps HERE: Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! Delivered by Norah O’Donnell and Gayle King, "CBS This Morning" offers a thoughtful, substantive and insightful source of news and information to a daily audience of 3 million viewers. The Emmy Award-winning broadcast presents a mix of daily news, coverage of developing stories of national and global significance, and interviews with leading figures in politics, business and entertainment. Check local listings for "CBS This Morning" broadcast times.
What's behind Facebook's $150B market value plunge?