Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Published: Jul 26, 2018 1 min read
CeBIT Technology Trade Fair 2018
The Facebook logo is displayed at the 2018 CeBIT technology trade fair.
Alexander Koerner—Getty Images

It’s official. Facebook Inc. just had the biggest stock-market wipeout in American history. Shares tumbled 19 percent on Thursday to close at $176.26 after sales and user growth disappointed investors. The drop translates to a $119.4 billion decline in market capitalization, the largest-ever loss of value in one day for a U.S. traded company.