FB loses $150 bn in 2 hrs, more than value of India's biggest firm
Facebook lost over $150 billion in valuation in two hours on Wednesday, suffering its history's biggest slump. The loss, which came after Facebook announced its slowest-ever user growth rate, is more than the market cap of India's most valuable company Tata Consultancy Services ($110 billion). Meanwhile, CEO Mark Zuckerberg's net worth also dipped by $16.8 billion to below $70 billion.