Facebook Falls From Grace, and Investors’ Stock Holdings Tumble Too
James B. Stewart
The company’s stock has declined precipitously since hitting its peak in early February, battered by disclosures about improper use of its data.
The New York Times
Since hitting its peak on Feb. 2, Facebook has lost an astonishing $100 billion in market capitalization
Sophisticated investors and institutions, too, have considerable exposure: Goldman Sachs analysts reported last month that Facebook was the second most widely held stock (after Amazon) by hedge funds, writes