3m Europeans have quit (of 282m European users). Market cap $119bn down (19% – biggest ever one day drop). Zuckerberg fortune $17bn down.
Brent Thill, an analyst at banking group Jefferies:“many investors are having a hard time reconciling that deceleration” in revenues. “It just seems like the magnitude is beyond anything we’ve seen, especially across a number of the tech [companies] we cover.”
Image: WDEF