Facebook’s Parade of Bad News Has Cost Its Stock $37 Billion in Market Cap in Four Days

Mar 18, 2019 - Fortune

Fresh off one of the worst weeks in its 15-year history, Facebook began this week watching its stock sink for the fourth straight day, falling another 3.5% to close Monday at $160.47 a share.

The past several days have brought waves of bad news for the social-media company in what the New York Time’s Kara Swisher summed up as a “biblically bad week“: the departure of top executives, including its chief product officer Chris Cox; a widespread, 14-hour outage affecting Facebook, Instag...