The Facebook Inc. ‘like’ logo is displayed on a computer screen and reflected in water droplets in San Francisco, California. (Photographer: David Paul Morris/Bloomberg)

Facebook’s $119 Billion One-Day Rout Makes U.S. History

Facebook’s $119 Billion One-Day Rout Makes U.S. History

(Bloomberg) -- It’s official. Facebook Inc. just had the biggest stock-market wipeout in American history. Shares tumbled 19 percent on Thursday to close at $176.26 after sales and user growth disappointed investors. The drop translates to a $119.4 billion decline in market capitalization, the largest-ever loss of value in one day for a U.S. traded company.

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