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Some News to Share With Friends Invested in Facebook: Stock is Way Off

Shares fell 19% at the opening bell on Thursday. Facebook warned investors on Wednesday that sales growth would slow in the coming quarters as the company adjusts its strategy to focus on privacy.

The drop wiped out nearly $120 billion in market value, one of the biggest losses ever for a public company. CEO Mark Zuckerberg’s net worth plummeted more than $11 billion, according to Forbes, which tracks billionaires’ portfolios.

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