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Facebook’s $120 billion market cap loss compared to public companies like Intel, Microsoft, and Apple



Facebook reported lower-than-expected quarterly results last week, resulting in an initial 24% stock drop before eventually leveling out to a 19% dip.

It was enough to cause Facebook’s market capitalization to plummet $119.4 billion as the company’s disappointing results — as well as a discouraging upcoming quarterly forecast — caused a massive stock market sell-off.

As this chart from Statista shows, the almost $120 billion drop is the biggest single-day market cap loss suffered by a US public company, beating out Intel’s $90 billion drop in 2000.

Despite the record-breaking loss, Facebook’s current price of $174.89 is still above its share prices in late March following news that data company Cambridge Analytica harvested millions of user profiles illegitimately.

ChartOfDay_7.30.18 chart of the dayShayanne Gal/Business Insider

Get the latest Intel stock price here.

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