The results spelled out disaster for its market value, despite the company heading into Wednesday with a share price of $217.50.
That means that in one day, just the decline in Facebook's market value is roughly the entire market value of McDonald's or Nike, give or take a few billion. On Thursday, he lost $17 billion of his fortune, Facebook shares dipped nearly 20 percent, and now, some shareholders want his influence on the company reduced.
Facebook saw slower daily active user growth that grew by only 22 million, which is pretty bad considering the last time Facebook saw these numbers was all the way back in 2011. Microsoftdropped $80 billion in 2000 as well.
The proposal, which reflects the strong feeling among Facebook investors that governance changes are essential, was written by Trillium Asset Management, which manages around $11 million (£8.4 million) in Facebook stock.
More likely, though, market buzzards are holding off because of how quickly some analysts are turning on the company. Their median target price is $US219.30.
Still, investors weren't prepared for numerous bombshells dropped by Facebook Chief Financial Officer David Wehner.
Or the situation could showcase the potential for GDPR to mess things up, as it would appear that European Union citizens are becoming more concerned about their data privacy. That surprised investors because of the belief that the new laws wouldn't hurt revenue. In previous years, companies were not valued as highly as Facebook is so their losses were smaller.
The new regulations are also affecting user growth in the region because of the impact of requiring consumers to opt-in to Facebook and to linking their accounts to third-party websites, Pachter said. In March, the company's handling of user data in the Cambridge Analytica scandal contributed to a backlash against the size and reach of the biggest tech businesses and raised concerns that regulators may soon crack down on these firms. These tech giants were viewed as having almost unassailable revenue streams that could deliver profit growth regardless of economic conditions.
Even so, if Facebook is legitimately investing the time and money in improving privacy at the cost of slowed growth, it should all be to consumer benefit in the end. Yet both categories are facing headwinds.
"As we have written about extensively, the advertising industry - and digital advertising no less - has limits to growth, which we think is the primary factor constraining Facebook's revenue opportunity", Wieser said in a note after the earnings. The lower the operating margin, the less profitable the business.
But shares slumped seven percent in after-hours exchanges after hitting record levels in official trading, with the quarterly report largely weaker than had been expected.
And in the view of BTIG analyst Rich Greenfield, Facebook is making an investment that will pay off down the road. "Instagram has over 1 billion users, and all Facebook apps (Facebook, WhatsApp, Messenger, and Instagram) have 2.5 billion unique monthly users".
The White House said on Wednesday that President Trump wants to delay a planned follow-up meeting with President Vladimir V. Democrats like Senator Chris Coons voiced concern about how Trump's courting of Putin unsettled long-standing allies.
Sergio Marchionne , the freewheeling turnaround artist who architected and brokered the revival of Fiat and Chrysler , has died. It also claims that Marchionne is now being kept alive only by machines, and that doctors said there was no hope of recovery.
He also insisted that Iran should remove all long-range missiles and its air defense system from the country, media said. The Su-22 was believed to have been among the Syrian and Russian planes targeting ISIS-held towns along the frontier.
I don't want a contract because maybe in the next year or so I'm a free agent, so maybe they might look to tie me down for that. However, according to the Independent , United could have been challenging for far bigger names if it wasn't for Mourinho .
House Majority Leader Kevin McCarthy repeatedly refused to support or oppose impeachment when asked by reporters at the Capitol. Rosenstein, along with FBI Director Christopher Wray , faced dozens of angry Republicans at a House hearing last month.
Staff members at the Indian and South Korean embassies said they were unaware of any unusual incident and were working as normal. Exact information regarding the cause of the explosion still remains unknown at the moment, as reported by the Mirror .
Sultan added that the animals are well taken care of and are inspected regularly to ensure their welfare. And judging from the pictures, online animal experts sided with Mahmoud, according to CBS News .
It's tempting to think of this feature as a lake, given that the area with high reflectivity is several kilometers in diameter. The footprints are color-coded corresponding to the "power" of the radar signal reflected from features below the surface.
Cohen , President Trump's longtime personal lawyer, recorded a almost two-hour conversation with CNN anchorman Chris Cuomo . Even more inconceivable that a lawyer would tape a client - totally unheard of & perhaps illegal.
Israel rejects the widely held view that settlement expansion is one of the greatest obstacles to peace with the Palestinians. The incident occurred near the spot where an Israeli soldier was killed Friday under similar circumstances.
The Justice Department essentially says it's trying to comply, but that these Republicans want a lot, and it takes times. The House passed a resolution last month demanding full compliance with the subpoenas.
Farmers rolled large hay bales into the road 29 kilometres into Tuesday's stage from Carcassonne to Bagneres-de-Luchon. Four-time champ Chris Froome said he " just felt throat and nose were burning, eyes were burning afterwards ".
Owens Vs Owens No-Fault Divorce Rejected
He also said there was a question for parliament in whether the law governing entitlement to divorce remained satisfactory. In fact, parliament has already passed the Family Law Act 1996, which would have introduced a no-fault divorce law.
Toronto gunman a puzzle to his own tight-knit immigrant…
Gun ownership also requires training, a personal risk assessment, two references, spousal notification and criminal record checks. So far this year there have been 229 "shooting occurrences" in Toronto , according to statistics provided by police.
Pakistan's political parties reject election results
In other areas, it said , "polling staff appeared to be biased toward a certain party", without naming the party. "Today what they have done has pushed Pakistan back 30 years..." "People will not bear it", he added.
China says there will be 'no winner' in global trade war
In a speech aimed largely at the Trump administration in the US, President Xi said there could be no victor in any trade war. Ramaphosa says he's concerned that worldwide trade laws are being violated as a result of countries acting unilaterally.
Emery backs Ozil over decision to quit Germany
It is also true that Ozil was among the poorest performers among a poor German team at the World Cup in Russian Federation . Ozil has not commented about his decision since his arrival in Singapore on Monday with Arsenal.