Facebook share prices dropped almost 20 percent Thursday. That is believed to be the largest one-day drop of any company on the American stock market. The stock value drop amounted to a $119-billion loss. One day earlier, Facebook had released a disappointing second-quarter financial report. The report said the social media site’s user base and earnings had not grown as much as expected. The report also predicted far weaker growth in the future than had been expected. Facebook has struggled in recent years with several privacy issues. But most experts believed the company had successfully dealt with them. Many had come to consider Facebook almost immune to lasting image problems, especially after the most recent scandal involving the British company Cambridge Analytica. The political research business collected private data of tens of millions of Facebook users.
Title: Facebook Suffers Huge One-Day Drop in Market Value
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/362b305e-7c72-4d62-b0ac-99d44b53fb76_hq.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='Facebook Suffers Huge One-Day Drop in Market Value' data-article-id='3249'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='6167'>Facebook share prices dropped almost 20 percent Thursday.</span> <span data-start-time='6167' data-end-time='14417'>That is believed to be the largest one-day drop of any company on the American stock market.</span> <span data-start-time='14417' data-end-time='22125'>The stock value drop amounted to a $119-billion loss.</span> <span data-start-time='22125' data-end-time='30521'>One day earlier, Facebook had released a disappointing second-quarter financial report.</span> <span data-start-time='30521' data-end-time='40375'>The report said the social media site’s user base and earnings had not grown as much as expected.</span> <span data-start-time='40375' data-end-time='48438'>The report also predicted far weaker growth in the future than had been expected.</span> <span data-start-time='48438' data-end-time='54875'>Facebook has struggled in recent years with several privacy issues.</span> <span data-start-time='54875' data-end-time='60938'>But most experts believed the company had successfully dealt with them.</span> <span data-start-time='60938' data-end-time='76021'>Many had come to consider Facebook almost immune to lasting image problems, especially after the most recent scandal involving the British company Cambridge Analytica.</span> <span data-start-time='76021' data-end-time='84792'>The political research business collected private data of tens of millions of Facebook users.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/2691/D3B98C92-4717-45D7-B96B-89DD944FB540_w1023_r1_s.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=11167 data-hint-location='22125' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/what_does_disappointing_mean.wav'>What does disappointing mean?</div><div class='choices' data-correct-choice='not as good as expected'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/to_be_excluded.wav'><span>to be excluded</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/not_as_good_as_expected.wav'><span>not as good as expected</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/to_bake_a_pie.wav'><span>to bake a pie</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/tired.wav'><span>tired</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=11168 data-hint-location='48438' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/facebook_has_struggled_with_what_issues.wav'>Facebook has struggled with what issues?</div><div class='choices' data-correct-choice='privacy'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/accessability.wav'><span>accessability</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/consistency.wav'><span>consistency</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/privacy.wav'><span>privacy</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/funding.wav'><span>funding</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=11169 data-hint-location='40375' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/the_report_predicted__blank__growth_in_the_future_than_had_been_expected.wav'>The report predicted <span class='blank'>far weaker</span> growth in the future than had been expected.</div><div class='choices' data-correct-choice='far weaker'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/far_weaker.wav'><span>far weaker</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/far_stronger.wav'><span>far stronger</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/steady.wav'><span>steady</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2691/unpredictable.wav'><span>unpredictable</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
Sound Name: https://news-app-production.s3.amazonaws.com/articles/2691/362b305e-7c72-4d62-b0ac-99d44b53fb76_hq.wav
Preview
