FACEBOOK DEATH SPIRAL=> FB Loses $120 Billion Market Value – BIGGEST ONE-DAY LOSS IN HISTORY
Facebook’s dramatic death spiral continued into Thursday after the social media giant took a beating Wednesday.
It turns out spying on your users, forcing crappy left-wing propaganda into people’s timelines and eliminating 93% of conservative content isn’t a winning strategy for a ‘social media’ company.
The Drudge Report ran a searing headline Thursday scorching Zuckerberg, “HOW LOW WILL IT GO?”
According to the the Daily Mail, shareholders are plotting to fire Mark Zuckerberg as Chairman of Facebook.
Facebook was on track Thursday to post the largest one-day loss in market value by any company in U.S. stock-market history after releasing a disastrous quarterly report.
With less than an hour to go in trading, the social media giant’s market capitalization had plummeted by about $120 billion to about $508 billion as its stock price fell by more than 19 percent. At Wednesday’s close, Facebook’s market cap had totaled nearly $630 billion, according to FactSet.
No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close.
In 2017 Harvard and Columbia Journalism Review found that The Gateway Pundit was the 4th most influential conservative news source in the 2016 election.
Because of this we were targeted and have seen our numbers related to Facebook and Twitter decline dramatically.
In every single Facebook category our numbers are down. In page visits our numbers were skyrocketing before the election. Then in three distinct periods our numbers were cut off.
This is a criminal act. Facebook took our money for advertising and promised a fair playing field. Facebook lied to us and every conservative group in America.
Today despite the fact that we have 635,000 Gateway Pundit Facebook fans. We receive almost nothing from Facebook.
Facebook and Zuckerberg are finally paying for their scandals and dishonesty.