Facebook's $120 billion loss biggest in US stock market history
Facebook on Thursday posted the largest single-day loss of $120 billion in market value by any company in the US stock market history. Facebook's market value is now about $508 billion as its stock price lost more than 19% after it reported its slowest-ever user growth rate. Facebook surpassed Intel's worst single-day loss of $90.74 billion market value in 2000.