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The Biggest Stock Loss Ever

Discussion in 'The OT' started by James Long, Jul 26, 2018.

  1. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Facebook's $100 billion-plus rout is the biggest loss in stock market history

    Facebook on Thursday posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report.

    The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet.

    No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close.
     
  2. Nick

    Nick Retired, part-time PITA DBSTalk Club

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    Vaporware
     
  3. yosoyellobo

    yosoyellobo Icon

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    The other day I lost a twenty dollar bill. Boy was I piss off.
     
  4. jimmie57

    jimmie57 Hall Of Fame

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    When the stock first came out I bought 2,000 shares at about $24 per share. Then it dropped and I bought another 2,000 shares. I chased it down to $18 per share. By then I had 8,000 shares of it. I just knew it was going to go up. It did not. Went down some more. Then it finally turned when I was in the hole $16,000. It climbed fast and I watched it until it got to $24 per share. I was so glad it was above what my average was that I sold it all. Big mistake for sure.
     
  5. trh

    trh This Space for Sale

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    Ouch. 8,000 shares. Closed yesterday after the plunge around $176. $1.4 million. Double ouch.
     
    jimmie57 likes this.
  6. Rich

    Rich DBSTalk Club DBSTalk Club

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    In poker this is called looking up a dead horse's...take a guess (rhymes with grass). Yeah, ouch.

    Rich
     
  7. jimmie57

    jimmie57 Hall Of Fame

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    I learned not to look back and beat myself up. I had a plan, I made money so it worked. Winner trade. You can't win big all the time.
     
  8. Rich

    Rich DBSTalk Club DBSTalk Club

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    Yeah, we all should have bought Apple, Google and Amazon stock. Hindsights just wonderful.

    Rich
     
  9. jimmie57

    jimmie57 Hall Of Fame

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    Tencent's $140 Billion Rout Is World's Biggest as Tech Sinks
     
  10. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Not a contest that companies want to "win". :(
     
    NYDutch likes this.
  11. billsharpe

    billsharpe Hall Of Fame

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    Facebook's record didn't take long to be broken!
     

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