July 26, 2018 / 12:34 PM / a month ago

BUZZ-FB: set for biggest ever market cap loss for a single stock

** $125 billion — that’s roughly how much Facebook looks set to wipe off from its market capitalization if current losses hold

** Stock off 20% premarket on grim forecast

** FANG stocks - Facebook, Amazon, Netflix and Google-parent Alphabet - combined have never lost $100 billion+ in a single day, per Thomson Reuters DataStream

** For a single stock, FB’s mkt value loss is set to be the biggest after Petrochina’s $87 billion right after its IPO in 2007 - TR data

** Petrochina’s market cap was then worth $1 trillion and is still the only company to have touched that level

Thyagaraju Adinarayan

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