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Facebook has lost $60 billion in value

Facebook is having a bad day… for the second day in a row. Following the Cambridge Analytica debacle , Facebook shares ( NASDAQ:FB ) are currently trading at $164.07, down 4.9 percent compared to yesterday’s closing price of $172.56. More importantly, if you look at Monday and Tuesday combined, Facebook shares are down 11.4 percent compared to Friday’s closing price of $185.09. In other words, Facebook was worth $537.69 billion on Friday evening when it comes to market capitalization. And Facebook is now worth $476.83 billion. That’s how you lose $60 billion in market cap.

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Facebook has lost $60 billion in value

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