Facebook’s stock price plummets: The social media giant’s stock price plummets by 5%.
Following a social media blackout this evening, Facebook’s stock has plummeted.
Millions of users were affected when the social media behemoth went down throughout the world.
In addition to Facebook, Instagram and WhatsApp were also affected by the social media blackout because they went down at the same moment.
Facebook’s stock has dropped 5.76 percent as a result of this.
Mark Zuckerberg is said to have lost an estimated $7 billion in a matter of hours.
The company’s stock price has already decreased by 5% since September, and it is currently down by another 5%.
The company’s stock price is believed to have dropped 15% since September.
During the drop in share price, Bitcoin’s official magazine turned to Twitter to announce that they had exceeded Facebook in market valuation.
Twitter user @BitcoinMagazine wrote: “In terms of market capitalization, #Bitcoin has just surpassed Facebook.
“They’re literally on their knees today.
“In the last year, #Bitcoin has grown by over 360 percent, whereas Facebook has grown by only 22 percent.”