Zuckerberg freefall: In one of the biggest single-day drops in history, Facebook has officially dropped $123 billion in stock market value, as of Thursday.
Facebook's shares were worth $629.6 billion Wednesday, but, by Thursday, were worth only $506.2, according to Tech Crunch.
The company has reported dismal earnings, which seem to show that Facebook's growth is stagnating. Europe's users have shrunk, for example.
However, 2.5 billion people use at least one of the company's applications, whether that be Facebook, Instagram, Messenger, or WhatsApp. It's also clear that Facebook believes the Instagram model of "Stories" is one that will stick around enough to lead the pack.
Daily Wire believes the cause of the losses lie at the feet of the data leak scandals Facebook has gone through recently, in particular Cambridge Analytica.
In regards to that, shareholder investment company Trillium Investment Management filed a proposal Wednesday to separate the chair and CEO positions, both of which Zuckerberg currently holds.
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